Are we already in meme coins mania?

[wwzsocki]

First DeFi then very short NFTs and now I see we are or entering the Meme Coin mania times on crypto markets.

Of course people learned nothing from Doge and keep investing in all sorts of meme coins available on the market.

What is even better there are literally dozens of new meme coins started in last few weeks, don't want to spread the names to obvious scams, so you will need to research this, but believe me I have seen more as 20 new once.

To add the fire many scammers can fill the hype and they pump many of this coins to record highs reaching best gainers positions and scoring free advertisement from the biggest crypto related websites.

For me this is little hard to understand that they do completely nothing to filter this out.

I don't mention any names of websites or project on purpose, every little experienced crypto investor knows what I am talking about.

So tell me, are we in meme coin mania already?

https://poocoin.app/tokens/0x984ae7a0e32ae2813831b3d082650e1eca7a1996

[stadus]

Maybe we are, but I would say this is not good as they don't have good potential in the future.

Elon Musk should be the father of meme coins as he started it with Dogecoin that makes people believe it will rise even $1.
Maybe it's the current hype but like I said it will not last, these people who ride on it now will definitely regret it in the future.

Crypto investment is risky but it will become risky if we don't check the fundamentals of the coins we are investing, instead, we follow the hype.

[sergiorus]

i think we are passing this mania stage
these meme coins, they are actually super illiquid and they aren't pumped by a lot of retail money, but rather by pure manipulation
once the scrap of retail is gone, there will be no point in pumping these meme coins because no one will be willing to buy them

[Saidasun]

meme coins have always existed but its been brought to the attention of the quick rich people because of Elon Musk and his ludicrous support for Dogecoin. We will see more and more meme coins being released in the coming months and none of them will amount to anything. I have seen legendaries getting in on the action too and that is concerning because they cannot legitimately think that they are worth anything unless they are just trying to mock.

[Jaered]

Its a phase that would soon fade away. Pay no mind. And as this hype is growing, so is the input from malicious and dubious characters. For every 10 new meme coin, 9 is legit scam(assumption is mine). I'm not even buying any and I don't encourage anyone to invest. Always DYOR

[crzy]

The hype on Meme token are slowly dying because we are on a bear market and they can’t survive this situation, so only the good one will remain active but not as hyped as before.

I think the trend now is for the NFT games, that’s the hype now that even on a bear market they managed to rise and make its new all time high, so this could be the next trend in the market, so look for a better one now.

[BayAngelo]

Oh yes that is the era. the opportunity for scammers to rullpull projects. the opportunity for the scammers to reap their greedy followers up. it is advisable for one to do their own research but with the look of things. people hardly research on anything. they jump on any little crypot project that looks good, have great designs and has sweet talkative.  we will keep making mistakes.

[Rengga Jati]

It is a part of the hype and let's see how long these meme coins or tokens can survive in this crypto market.
This also actually has high risks, moreover for the beginners who really don't know the cycle of this kind of hype coins or tokens. And finally, they are trapped in these meme coins, losing much money.
But it may be okay for some people who are often trading and utilizing this kind of moment, by utilizing the dump and pump fo these meme coins to get any profits. But once more, if we are not ready with that, I personally will prefer to avoid them.
Meme coin may be very popular right now. But, I personally think that this is part of the hype era and it may beend soon.

[mhine07]

First DeFi then very short NFTs and now I see we are or entering the Meme Coin mania times on crypto markets.

Of course people learned nothing from Doge and keep investing in all sorts of meme coins available on the market.

What is even better there are literally dozens of new meme coins started in last few weeks, don't want to spread the names to obvious scams, so you will need to research this, but believe me I have seen more as 20 new once.

To add the fire many scammers can fill the hype and they pump many of this coins to record highs reaching best gainers positions and scoring free advertisement from the biggest crypto related websites.

For me this is little hard to understand that they do completely nothing to filter this out.

I don't mention any names of websites or project on purpose, every little experienced crypto investor knows what I am talking about.

So tell me, are we in meme coin mania already?

https://poocoin.app/tokens/0x984ae7a0e32ae2813831b3d082650e1eca7a1996

I think meme coins is just part of the hype where in investors wants instant profits. These meme coins suddenly gets high in price where many investors got to invests with it and eventually going to dump the value by selling all their coins leaving those poor people who do not know the situation loses their money.

[Psynthax]

NFT not by any means is short lived hype, I see recently meme coins faded in popularity and instead its NFT that becomes booming, the NFT games are now getting more and more users and keep appearing everyday which is a hood thing since NFT game could gelp blockchain innovate as well. Meme coins on the other hand are becoming the place for people who likes to speculate to stay in that space  which is finding new meme coins to speculate,.
I personally prefer NFT games though, its just feels more useful for end users because it has real product thats the game.

[Xampeuu]

with the decline in bitcoin, the trend that occurs in all existing crypto also decreases. At the moment memecoin is not the main choice to buy, most of the investors are waiting for the price to collapse again and are ready to buy a trusted coin. Moreover, the influence of people like Elon seems to have faded, and of course the market is waiting for someone to come back for a bullrun

[cryptoaddictchie]

Not sure if meme coins are still on the lose but I am hoping it could end so to give way to those fundamentel and solid projects. Investors should learn to see the difference of good and potential tech from pump and dump scheme. Trading crypto is to earn money but somehow if you think of the pnd profits and some are losing their hard earned money due to hype and just been invited out of a silly project? We cant enjoy that way. Knowing we exited on their provided liquidity. Im not saying its a trader faults if he got profit, its just pityful for those who blindly buying those meme coins and lose.

[Psynthax]

I thought were already leaving the mene hype behind? You see not that many people actually interested in meme coin anymore instead many of us has already put our attentjon to something else, whats left are just those existing coins with speculative purpose.
But the newer ones usually fail so hard it got relatively low trading volume  i think theres no point worrying about it.

[m.rifki]

meme coins have always existed but its been brought to the attention of the quick rich people because of Elon Musk and his ludicrous support for Dogecoin. We will see more and more meme coins being released in the coming months and none of them will amount to anything. I have seen legendaries getting in on the action too and that is concerning because they cannot legitimately think that they are worth anything unless they are just trying to mock.

Yes, without Elon making a trend on coin memes, maybe no one will be interested in meme coins, that's obviously because the functions and benefits are minimal or even almost non-existent.

[Bttzed03]

i think we are passing this mania stage

Yeah I think this is what's happening right now. Elon's hype on Doge doesn't have that same effect while Shiba lost steam when Vitalik dropped the bomb on them. The new meme tokens like baby X and baby Y, cats, and other breed of dogs didn't really have that popularity.


If we're talking about mania, check out play to earn projects following the footsteps of Axie.

[Luffygroove]

If it's true that we are in meme coins mania times like what you said, then in my opinion this is one of the darkest eras in the crypto world. It's stupid, unclassy, and degradation. There are so many great projects out there with remarkable technology and could be massively adopted in real life for human importance, shadowed by these meme coin projects. This is saddening. Common people will only know the crypto world as a joke with a pump and dump scenario. Sorry for being so harsh, but this needs to be stopped

[vv181]

~snip Trading crypto is to earn money but somehow if you think of the pnd profits and some are losing their hard earned money due to hype and just been invited out of a silly project? We cant enjoy that way. Knowing we exited on their provided liquidity. Im not saying its a trader faults if he got profit, its just pityful for those who blindly buying those meme coins and lose.

Cryptocurrencies trading as a whole itself is a non-zero-sum game. The profits we have taken are some else losses, no matter whether the project itself has fundamental or a useless cryptocurrency. The thing is how to minimize the losses. I'm sure that every one of us, in the beginning, is completely numb about how trading works, and the lesson and experience have taught the experienced traders a lot.

Let's say that if someone takes a profit knowing the whole project itself is PnD scheme, well they have intention in the first place to blasted all the newcomers who invested. Therefore, they should have known the profits they are taken, are some else's losses knowing the reason why they investing they project in the first place.

[mindrust]

I don't think this is a long term mania phase. Shitcoins moon and die all the time even in the bear market. That's nothing new. There will always be another alt that claims to be the next x100 coin and sometimes it really is, until it goes to zero. The coin you linked to isn't anything special. It is just good old pump dump.

[anu1908]

as others have said, we're already past them. it's time for 'high quality project' to face the test. whether they survive or not will decide how they will do in the future. my bet is, just like ico boom, 90% of them will die and the rest will struggle, while only one or two project will fly to the moon.

[stadus]

I don't think this is a long term mania phase. Shitcoins moon and die all the time even in the bear market. That's nothing new. There will always be another alt that claims to be the next x100 coin and sometimes it really is, until it goes to zero. The coin you linked to isn't anything special. It is just good old pump dump.

I agree, it's just a pump and dump coin and we already have DOGECOIN whom I believe is so special in terms of pumped because it was able to position in the top 5 of the market during its ATH. As we can see, DOGE is dumping already, there was a prediction that it could go as high as $1 and some even believe higher than $1, but look where Doge is going now, it is slowly sliding, so any new coin that is hype will not keep that uptrend in the long run, they'll all die because they are just hype.