Are we already in meme coins mania?

[Quidat]

Meme coin was popularized by Elon for the first time, but it faded when we know that Elon Musk tried to manipulate bitcoin, I think the meme coin trend is the shortest trend in the history of cryptocurrency that I encountered, because it's like a concept that is not very useful, just for entertainment only, even some people lose a lot in buying them.

You are right! The hype was gone when Elon had made out those claims which is totally opposing communities interest and even attack bitcoin which turns out that everything that  he's trying
to engage on or do make out some tweet doesnt really make out some effect a of this moment. Meme coin mania?  Yeah it did happen if you do look out on how many coins had
followed on  the trend but look at them now? Majority of them are on reds or negative.Feel sorry into those investors who had bought into the peak or top.
For sure they are struggling on seeing their portfolio on on reds.

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[Johnyz]

Meme coin was popularized by Elon for the first time, but it faded when we know that Elon Musk tried to manipulate bitcoin, I think the meme coin trend is the shortest trend in the history of cryptocurrency that I encountered, because it's like a concept that is not very useful, just for entertainment only, even some people lose a lot in buying them.

That’s right, Elon started and ended the hype believing on this guy made a lot of troubles into new investors, the hype was gone now and the new trend is the NFT games. Meme are useless token with no purpose at all, I’ve seen many at BSC platform and seriously, most of them are dumping hard right now which I believe will last until the next cycle of the market.

[Slow death]

we can't blame elon musk, we have to blame the many greedy crypt market and the many scammers who create altcoins just because they see elon musk backing some altcoin meme, that shouldn't be a reason to start popping a lot of altcoin meme, it's sad and It's shameful what you see in this cryptocurrency market. in the past it was altcoins named after japanese food, now it's altcoins named after dogs, and then what's next? already altcoins named after jesus, altcoins named after Japanese food, altcoins named after dogs, what else is missing?

[Dewajuna09]

meme coin is a topic that is widely discussed by traders. The dynamics of meme coin are a lot. there is a sudden rich or bankrupt suddenly. considering the price is very volatile and the price movement is very fast. The famous coin meme started with the unnatural rise of doge coin.

[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.

Hilarious. Directly to the point.

If this was on a more reputable exchange I would buy some just for the lulz. Cheap as f too. What do you think? Can it make x100 easily from here? Might worth a try. 

All it needs to is one x100 and it can die in peace.

Haha yes, regardless of liquidity. Go 100x with literally a non-existent order book because the team holds 95% of the supply and then call it a day: "we've delivered on our promises!"

Well, according to that logic a lot of coins did not die in peace. Or maybe I just failed at decrypting the cryptic language in the white papers and they in fact all reached their goals. Good old times when the white papers became more and more buzz wordy

I once read something like "we may or may not reach our goals, depending on various circumstances". Does that mean they may or may not scam us, depending on various circumstances?

[Desmong]

we can't blame elon musk, we have to blame the many greedy crypt market and the many scammers who create altcoins just because they see elon musk backing some altcoin meme, that shouldn't be a reason to start popping a lot of altcoin meme, it's sad and It's shameful what you see in this cryptocurrency market. in the past it was altcoins named after japanese food, now it's altcoins named after dogs, and then what's next? already altcoins named after jesus, altcoins named after Japanese food, altcoins named after dogs, what else is missing?

Very soon the altcoin market will soon become something else looking at the rate at which careless and useless meme coins are trooping the market without any filtering of these coins making the crypto market to become more risky for investors who are looking for good coins to invest in. The persistent of these meme coins post a great obstacle and threat to the crypto market in general, increasing the numbers of victimized investors, making it hard for previous scammed individuals to increase their urge for crypto investment and trading.

[Golftech]

Meme coin was popularized by Elon for the first time, but it faded when we know that Elon Musk tried to manipulate bitcoin, I think the meme coin trend is the shortest trend in the history of cryptocurrency that I encountered, because it's like a concept that is not very useful, just for entertainment only, even some people lose a lot in buying them.

That’s right, Elon started and ended the hype believing on this guy made a lot of troubles into new investors, the hype was gone now and the new trend is the NFT games. Meme are useless token with no purpose at all, I’ve seen many at BSC platform and seriously, most of them are dumping hard right now which I believe will last until the next cycle of the market.

The trends keep on changing so better to keep yourself active with how things works around the market,

Many traders lose as they think that following the hypes gives them good amount of compensations but

in reality, they are just risking with time and if they made it wrong everything will lose, means that investment

will fly away with the market dumped.

[semobo]

Meme coin category wasn't exist before the Doge hype by Elon Musk so this is actually a new trend followed by a successful hype. Meme coins has no utility at all but still people are ready to invest on it with the hope of getting returns in short time.

[mindrust]

Totally no products, no communities, all of them just stared, I always wonder who buys such shit on ATH?

That's the whole point of a pump&dump shitcoin. They are not in the building a community business. They are the modern day pyramid schemes.The people who buy these at their ATH's expect the ongoing bull run to last a bit longer so they can dump their stash on somebody else. That's how pyramid schemes work.

[South Park]

obviously we are because there is meme coins everywhere we go . people are expecting that there will be a next doge coin and shinlba inu so they are buying many kinds of meme coins as early as they can or as long as the price is still cheap . theres also  defi and nft  . they are not over yet especially nft that is starting to get popular again  .
 the three of them has their own level of risk but they can be profitable too if done right or if we get lucky

Almost anything can be profitable the issue is if we can somehow replicate this process to make it to rely on our skill instead of our luck and unfortunately this cannot be done, people are just gambling with their money by investing in those coins, and if they were going to gamble their money away they might as well just gamble directly in a casino, the odds to win will be better and they may have some fun in the process, unlike with what happens with those useless coins.

[CaVO32]

I don't participate in shitcoins like that because it will only make my assets trapped and lost there, I prefer to buy coins that have real potential and can provide a profit, even though the price movement is very slow it's not a problem, bitcoin will still be the best and I will support by buying as much as I can for long term investment.

But some people like to jump on this kind of hype for the hope that they will get rich fast. However, very few meme coins/tokens will survive as most of them have empty foundation to begin with. Although people are still creating a lot of meme tokens, only few of them will make it in the market. So be careful in choosing meme project to invest with or better yet, not invest on them at all. Just stick to top projects with active use case.

[iged_war]

I don't participate in shitcoins like that because it will only make my assets trapped and lost there, I prefer to buy coins that have real potential and can provide a profit, even though the price movement is very slow it's not a problem, bitcoin will still be the best and I will support by buying as much as I can for long term investment.

you have your own risk management to in which project will involved or not. buying coin that build reall utility will make the coins value naturally growth not flash pump that common happen in shitproject. We've see many meme coins hardly pumped in market and hardly drop too so many traders rekt. We should not trapped in this condition due there are alot better quality in this market.

[wajik-tempe]

I don't participate in shitcoins like that because it will only make my assets trapped and lost there, I prefer to buy coins that have real potential and can provide a profit, even though the price movement is very slow it's not a problem, bitcoin will still be the best and I will support by buying as much as I can for long term investment.

But some people like to jump on this kind of hype for the hope that they will get rich fast. However, very few meme coins/tokens will survive as most of them have empty foundation to begin with. Although people are still creating a lot of meme tokens, only few of them will make it in the market. So be careful in choosing meme project to invest with or better yet, not invest on them at all. Just stick to top projects with active use case.

Jump into meme coin project is just like a gambling in cryptocurrency because meme coin doesn't have any future roadmap and don't have the purpose of the coin itself. People buy it also because they want to get a quick profit, so it will just an in and out game. If you can get in and the right time and get out in the right time you will get a quick profit but actually i hate it because it can make cryptocurrency image looks bad from other people eyes out there

[LogitechMouse]

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.

It has been for a long time.
I don't know if the developers of that coin are either desperate to get some money or its their way to lure some newbie investor out there. Either way, it will remain as a shitcoin and it will always be .
A quick search on google and this is the definition of a meme coin:

Meme coins are cryptocurrencies that have gained popularity in a short amount of time, usually as a result of influencers and retail investors promoting them online

There has been a time where meme coins are really hyped. Coins such as Shiba Inu, Akita Inu and the like are ones that became popular but for a short amount of time only. Right now, I rarely hear some meme coins out there that is becoming popular because most of the time I only see this NFT tokens online. NFT based games are for me the popular right now and meme coins? Maybe they aren't that popular right now.

[wwzsocki]

This is insane I see more meme coins launching everyday, just can't believe it, there is still market for this because these shitcoins are traded to my big surprise.

Of course super micro caps but still, I just can't believe there are people willing to spend even 1$ on this.

I have seen 7 presales in last 2 days, with DeFi it was easy but with meme coins this is super easy, they even don't have to pretend that this is something decent, no WP, nothing.

Crazy times we have now on crypto markets and looks like this mania keep growing everyday.

[tvplus006]

...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...

Elon Musk was not the first to pump Dogecoin. About a year ago, a challenge appeared in the TikTok service, offering everyone to buy coins in the amount of $25. According to the calculation, in the event of an increase in the price of Doge to $1, everyone should have received a profit of $10 thousand. And a year later, thanks to Elon Musk, when the price rose to 75 cents, those who bought Doge in the amount of $ 25 could sell coins for 7.5 thousand dollars.

[feelideb]

Memecoin trend is still on and people keep putting their money in it. At sometime though, this memecoin trene is going to fade out and other trend will take the center of attention. I do not think any exchange or cryptocurrency related website can be blame for vetting. I have seen a situation where there is boldly written disclaimer about a certain coin and yet, people still invest!

[bastian466]

obviously we are because there is meme coins everywhere we go . people are expecting that there will be a next doge coin and shinlba inu so they are buying many kinds of meme coins as early as they can or as long as the price is still cheap . theres also  defi and nft  . they are not over yet especially nft that is starting to get popular again  .
 the three of them has their own level of risk but they can be profitable too if done right or if we get lucky

What if they do it wrong ? what they get for novice investors who get carried away by hype season with minimal experience and little knowledge, meaning  just rely on luck as you said, I think coin meme are not good for long term investment even buy when price is still cheap

[lixer]

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.

Yup, that’s just what we have moved into, this is their time. Since Dogecoin came to light there has been so many shitty coins that came along with it. Lots of scammers has been popping up here and there. I do see a lot of them with their funny names. I have even seen some that are named after Elon Musk during the time he was trending, just some really funny shitty coins that keeps coming out everyday and a lot of people have been falling for it.

Scammers are always taking advantage of times like this, when they see a trend they follow up with it and starts spamming the market with their traps and those who end up falling for it are scammed of their hard earned money which is very bad.

[danherbias07]

obviously we are because there is meme coins everywhere we go . people are expecting that there will be a next doge coin and shinlba inu so they are buying many kinds of meme coins as early as they can or as long as the price is still cheap . theres also  defi and nft  . they are not over yet especially nft that is starting to get popular again  .
 the three of them has their own level of risk but they can be profitable too if done right or if we get lucky

What if they do it wrong ? what they get for novice investors who get carried away by hype season with minimal experience and little knowledge, meaning  just rely on luck as you said, I think coin meme are not good for long term investment even buy when price is still cheap

Precisely. Look at how the hype is slowing down and the investors are getting bored about it. They are just made for profits and average investors or small ones will not even feel it. Large investors like Elon Musk will be the ones swallowing all the profits from the small investors.
I'd rather stick with NFT's that is being supported by the mass and not by billionaires who are stressed out having troubles on how they will spend their money and playing around with little fish to rekt them.