Are we already in meme coins mania?

[Dread Pirate Roberts]

i dont think NFT and DeFi are similiar to this meme coin, they had strong concept and great for many projects. unlike meme coin majority had no purpose and only for fun and for their community, and it seems like this meme coin it was a trend only because of Elon Musk. and just hype at the time and now looks at the market those coin are tend to continue down more and more . I have some friends who are under a lot of stress because of this.

[bamb]

Memecoin/ token have taking a forefront in Cryptocurrency market in recent weeks and you can see these coin been listed daily on coingecko even in a bearish market.  I wonder why people keep creating these token ! It is obvious that  some scamners are creating most of these coin to defraud naive Cryptocurrency investors.  The sign on the wall is big!

[bison]

I think this coin meme trend has ended, because the influence of Elon, who started this trend through DOGE, no longer has much influence.

[dhemasm]

I suppose there was still some little hype on any Coin that created based on meme as you Mentioned "Jiro Inu" On that link but the hype not really much when previously Elon Mention "Doge" Or "Shiba" The crypto market has entered the saturated phase especially on DeFi & Meme from my opinion, It's good try to get some instant profit on short term but not really good for long term.

[South Park]

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 we are, people want to earn some easy money that is just their nature, instead of trying to earn money consistently and do well over the long term they want to get rich now, and they think those meme coins are the answer they have been looking for and quite honestly they are completely wrong, what they do not understand is that only 1 in 100 will get the results they want and the rest will lose all their money, and if they want to still invest in those coins with those odds then that is their choice.

[isaac_clarke22]

~

It all just started when a certain rich guy hyped it up. I wouldn't call it meme coins mania just yet, though I doubt it will happen anyway. Let's just see how long can they still last on their shillings because surely there will be point that these people will sell their coins.
NFTs going crazy right now here in my country as well and it is just because of a simple game.

[Noruka]

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.

The best coins are those who even call themselves 100x coin! Guaranteed profit, why else the name? Since it fits your comment:

https://coinmarketcap.com/currencies/100xcoin/

Pump and dumps everywhere.

[cryptoaddictchie]

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.

Yeah I get it. I just hate the idea mate, no offense cause I also exited when I profited. I just want to reiterate to those who are newbie or just started to invest with this kind of investment should be very careful and always take action and dont be greedy. If you have your profit already should have taken it and dont be greedy cause chance of losing is also there if you become so obsess with higj profits.

[Reid]

Maybe. But it's too bad it's not something new. I mean a new platform.
ICO, IEO, DeFi, NFT. They are all unique. But this time it is not, because most of them are copycats of the original meme coin.
It's bad to tell names. Let's just call them the dogs.  My Twitter account is flooded with those types of new meme coins and I need to unfollow most of the news services that I used before.

[Ararbermas]

Since the day that doge trying to impress and want to get attention in the market, thats how some of the meme coins start emerging as well,  they literally take the advantage but after all a waste of time and can't even guarantee profits wherein only losing money. So i suggest to stay away from them. Because they're totally scam project that will show a hype but suddenly  always turn into worthless coin. See what's happen to doge, seems no more chance to recover from the dip after the manipulation.. So don't expect with new meme coins they're a joke in the space.

[GreatArkansas]

Shitcoin is shitcoin.
These random altcoins who are just popping everywhere with huge percentage on 1 day and after few days, look like the very huge dump.
And what I am also starting to see these days are the NFT games, or blockchain games involved. I am afraid to see another set of scams with these new things involved, NFT/Defi/Blockchain games.

[vv181]

Yeah I get it. I just hate the idea mate, no offense cause I also exited when I profited. I just want to reiterate to those who are newbie or just started to invest with this kind of investment should be very careful and always take action and dont be greedy. If you have your profit already should have taken it and dont be greedy cause chance of losing is also there if you become so obsess with higj profits.

Sure, I do have a pity for those who lost their hard-earned money or we know that some people use their savings/emergency funds only to ride the cryptocurrencies boom. Nevertheless, we all should know that it is a non-zero-sum game.

I do agree with your main idea, to warns newcomers who blindly invest/trade to cryptocurrency. There some stories that people suicide because they lost all the money they got, and got no helps but to end their life. That is really devastating. I do too emphasized for the people who participating in cryptocurrencies no matter how experienced they are, to not use their savings/emergency funds to play jumps on this highly volatile market.

[DonFacundo]

With this down market seems most of the meme coins were dumped so much like Shiba Inu and I don't see anymore meme coins that skyrocketing, looks like the hype is over now. The meme coins will not survive for long, only the coin that has a real project.

[Jackl87]

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

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

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

I think you are pretty late to the party when you say we are entering the meme-coin mania now. This stuff is going on since the middle of April and i even think that it slowed down now.. thank god for that. I also think that those meme-coin hype was really bad for the whole crypto market overall and it was probably one of the main factors why the market is dumping since the beginning of may. Which serious investor or financial institute would decide to join the crypto market when they see that projects like shiba-inu, elon-one or babydoge have much more trading volume and market cap than most of the new projects that actually have a use-case. I hope that in a few months that whole meme-coin craze is completely gone.

[deathcode]

With this down market seems most of the meme coins were dumped so much like Shiba Inu and I don't see anymore meme coins that skyrocketing, looks like the hype is over now. The meme coins will not survive for long, only the coin that has a real project.

that's what meme coin is doing in the market. grow with hype, when it's all done then a lot of people will throw it away. especially in market conditions like this.
Now the focus of many investors will be more on the big assets in the market. no longer meme coin. but for Shiba, I think they still have a strong and big market. it all depends on the developer. want to raise their token or will just wait for the hype going on in the market.

[Evgenklm]

it seems to me that good advertising rules the world, because advertise your product well and people will buy it and it doesn't matter what this coin will cost or what the value is, the main thing is hype.

[Fivestar4everMVP]

Problem I have is with the big exchanges and crypto websites supporting this shitcoins by listing and even promoting them, this made me realize that some of this big platforms don't really care about the health of this space, but rather, they care more about the money they are getting from all this shitcoins, ignorant investors are getting scammed everyday and when you contact this platforms why they list such projects without proper researching them, they tell you not listing them will undermine the main purpose of crypto currency which is decentralization, meanwhile they themselves are not decentralized.
But am not really bothered though, as it looks like the bear market is fast taking a full swing, am watching closely to see how many of this meme shitcoins will survive a crypto winter if it hits us hard like the one that followed after 2017 bull market.

[Review Master]

With this down market seems most of the meme coins were dumped so much like Shiba Inu and I don't see anymore meme coins that skyrocketing, looks like the hype is over now. The meme coins will not survive for long, only the coin that has a real project.

Just wait for another meme word from Elon musk to get another pump-dump memecoin. Whenever Elon tweets any meme word, memecoin with that same word, skyrocket within short time because of the fomo among users. Indeed, it's just another hype/trend and only real projects with great fundamentals will survive in the long run.

[Cling18]

I must say yes since it's too visible that meme coins are getting more attention these days since they're being carried by the hype of most influencers just like what Elon did to Doge. However, I believe that if a coin was originally made for a meme, it would only pump for a short time since it has no definite function.

[wwzsocki]

Thank you very much Bitcointalk members for such great response to my thread, haven't expected that.

I was busy last days (of course with crypto) but stay assured I have read all the answers and will be happy to reward few best once with merits, but unfortunately don't have any and kindly ask merit sources to the job.

I know we are in altcoins section but I have read all comments and am sure many deserve merits, so I am quite shocked that I haven't seen even one rewarded.

But maybe this is topic for another thread? Let's get back to meme coins.

I see many of you agree that we have/had meme coins mania on the market started by Elon and Doge, as always in crypto we will have to wait and see where it will bring us finally?

Don't think it will end up well for many newbies, literally only Doge has small chance to survive in my opinion, thanks to Musk and the hype he made.

Never buy this shitcoins, especially already pumped once, if you are early and like to gamble, I understand that 800x can be tempting  

I wish luck to all of you on crypto minfields, sorry markets