Are we already in meme coins mania?

[wwzsocki]

...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.

Totally agree with you, is exactly what I think and what I also see on the market in last months.

Last few weeks this is like apogeum of this, meme coins with "funny" names with Elon or Doge incorporated in them are everywhere.

Of course majority of investors that are total newbies, also scammers that are orchestrating all these new presales are divided to old once that already made few meme coin and totally new once that are in crypto from the time of Doge pump and try to start their own.

What is funny many of this "developers" and "leiders" is happy with their past achievements and advertise these all newly launched projects as their proof of work, especially, if they pumped significantly after launch. Of course, now majority of them is already abandoned.

Pure pump and dump and all these meme coins are the biggest shitcoins I have ever seen. I had hard time to accept DeFi or NFTs but these projects at least has some decent roadmaps, teams, products, not all of them of course but many. Compared them to meme shitcoins then they are loaded with value.

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[ShowOff]

Pure pump and dump and all these meme coins are the biggest shitcoins I have ever seen. I had hard time to accept DeFi or NFTs but these projects at least has some decent roadmaps, teams, products, not all of them of course but many. Compared them to meme shitcoins then they are loaded with value.

As one experienced forum user, I'm sure you have a way of filtering which projects you should support and invest in. I also believe that you don't have to trust and support everything even if you have faith after doing the analysis. Shitcoin can be found anywhere and anytime even they keep flooding the market at a price of $0.0000000 (don't know exactly how many more 0 I should write) but we should ignore them and don't be attracted by pump and dump.

[wwzsocki]

As one xperienced forum user, I'm sure you have a way of filtering which projects you should support and invest in...

I think you should read all my comments in this thread also OP because you clearly understood me wrong.

I am not interested in meme coins at all and wonder how is this possible that so many of them are pumped and even alive for some time with supporting communities.

This is what makes me really surprised, that people learned totally nothing from Doge and still hope that every other meme shitcoin will do he same.

I researched this topic a bit deeper and checked how many new meme coins was started only in last 2 months, I was able to find 80 and am sure that I missed many on chains I haven't checked because it was only on ETH and BSC, and we have many other active chains already like Tron where they pop up like crazy too.

this what we talk and wonder here, nobody talks about buying them or advertise meme coins, quite the opposite.

[arifteguhr]

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

A mistake I think can still be corrected, but if the fault was with the meme coin, it would be very silly and irreparable because anything to do with the meme coin, it will all end when the meme coin holders simply throw it on the market.

[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.

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.

I consider all coins that are making fun of something or are rather meant to be a joke a meme coin. The weird thing is that if a big name gets behind it (like was the case with Musk and Dogecoin), these meme coins can seriously start flying. Shiba was another example, but those particular trends come to an end at some point. However, topics that are suitable for meme coins will be there forever. It could be about politicians, animals or maybe even soccer players who behave bad. They are almost always just for pump and dump though.

[Fortify]

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 the peak of "Meme coin" mania coincided with the peak of Bitcoin (naturally) and was also around the time of the Gamestock short squeeze. That tells me that a lot of people, probably many from the USA, had a lot of cash available to spend. It is unsurprising really because people are always looking for a shortcut to wealth and Covid created a very bizarre distribution. You either had people who were really struggling because their jobs vanished (but they still got some stimulus) and you also had people who continued working all the way through, with less places available to spend their cash (like on holidays or cars) - that were eager to take a chance on these mysterious new crazes that made people very rich if they timed it right.

[tabas]

A mistake I think can still be corrected, but if the fault was with the meme coin, it would be very silly and irreparable because anything to do with the meme coin, it will all end when the meme coin holders simply throw it on the market.

And that's bound to happen, those holders doesn't have anything in their minds but to dump it as soon as they've seen that it's already profit on their end.
There's no need for them to hold it for a longer time if there's already enough profit that they've got with those meme coins that they hold.

[Princejebs]

I see this is just a project that the hype is so crazy about, they just focus on raising big funds after that this meme is gone and is a scam, many people expect big results on the project but just a scam to get.  This meme has started happening since the beginning of the year, but has always failed in its pursuit.  And always produce a new NFT which ends in failure.

Not all are focus on raising huge fund. Their are some with soft cap of 50 bnb and all well hype and still on coin gecko with low trading volume. While some are legit and trying everything to make awareness to people but the major set back of this tokens are fast profits. The moment presale investors cashout their money, they move next to the next project and the circle continues except with the NFT Airdrops that keep some and also farming as well.

[lalabotax]

Maybe.Because we know that many new meme coins are created and attracted so many newbies especially.There are high FOMO in this kind of memecoins. But as we know, only very limited meme coins are going to succeed. But inf act, it is only a hype coin where it will not last or survive for the long term. many are fallen and now it is time for the game or nft coins. I personally never interested in meme coins

[stadus]

Maybe.Because we know that many new meme coins are created and attracted so many newbies especially.There are high FOMO in this kind of memecoins. But as we know, only very limited meme coins are going to succeed. But inf act, it is only a hype coin where it will not last or survive for the long term. many are fallen and now it is time for the game or nft coins. I personally never interested in meme coins

We have to be smart, we need to ride with the hype but cautiously if we want to gain from short term investment, actually we can maximize profit with the hype coin as it will easily attract newbies just like they are getting FOMO to invest. Trend changes from time to time for new coins, but the old coins like Binance and ETH, will stay consistent, so make sure your biggest portfolio goes with them.

[btc-facebook]

Maybe.Because we know that many new meme coins are created and attracted so many newbies especially.There are high FOMO in this kind of memecoins. But as we know, only very limited meme coins are going to succeed. But inf act, it is only a hype coin where it will not last or survive for the long term. many are fallen and now it is time for the game or nft coins. I personally never interested in meme coins

Don't say maybe, we are not memecoin mania lol, someone will become memecoin mania when already invested in it, and unfortunately if we look at the facts, only beginners like memecoin.
Like Dogecoin, I don't invest in it and never buy it at all even though the hype is very high, I'm sure a lot of old players are like me because memecoin is just a coin for fun not for long term investment.
Memecoin will be the same as the trend in previous cryptocurrencies such as ICO or Privacycoin trend, only some will survive and others will become scams because they are abandoned by developers.

[wwzsocki]

...these mysterious new crazes that made people very rich if they timed it right.

I agree with you on this, well written, I wish I had merits to reward you, hope some merit sources will read it.

This so true this hall craziness with corona, stimulus and money printing for sure helped to pump BTC to 65K

Of course we need to remember that USA is not hall world and there are countries with smaller pockets and there a lot of people struggle because they got not enough support when lost their jobs or need to stay at home because of pandemic.

Still, I can't find one reason to invest in all these meme shitcoins, and keep wondering how big this market is if they keep popping up like crazy, these only shows that they close successful presales and pump them later, then repeat the process with another, much better meme coin  

[yazher]

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.

NFT is more potential than Meme coins because people always using them especially when they have lots of players in the game. where the game economy is alive and the players are more crowded. Meme coins are nothing but a scary pump to dump coin where we see most of them in the past are not worth investing right now since they are already being ignored for most of them are really useless and have nothing to do with it. If you will see the NFT token right now, you will understand how they grow up after years of existence because the players of the games are increasing every day and day will buy those tokens from the start.

[gundala]

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NFT is more potential than Meme coins because people always using them especially when they have lots of players in the game. where the game economy is alive and the players are more crowded. Meme coins are nothing but a scary pump to dump coin where we see most of them in the past are not worth investing right now since they are already being ignored for most of them are really useless and have nothing to do with it. If you will see the NFT token right now, you will understand how they grow up after years of existence because the players of the games are increasing every day and day will buy those tokens from the start.

meme coin really only relies on hype and the power of the community and influencers to get pumps. it's for a quick profit and then a dump, with no obvious real function, meme coins won't last very long, as you say, and it's really only influenced by the hype. it would be great if you were a dev who innovated to combine them so that they have more real functionality.
on the other hand, NFT has a clear function and purpose, this will be a pretty good trend one day. moreover, it can involve more people, involve more niches, although currently the most prominent is from the game.

[South Park]

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.

And you are doing the right thing, people are getting too excited about those coins when truth to be told there is no way for those coins to become successful over the long term, maybe you can make money with those coins by speculating with them but taking into account how easy it is to create those coins and how many of those coins we have already you are basically gambling at that point and not investing, and gambling and investing are really different activities and yet it seems that people do not really understand the difference.

[Quidat]

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.

And you are doing the right thing, people are getting too excited about those coins when truth to be told there is no way for those coins to become successful over the long term, maybe you can make money with those coins by speculating with them but taking into account how easy it is to create those coins and how many of those coins we have already you are basically gambling at that point and not investing, and gambling and investing are really different activities and yet it seems that people do not really understand the difference.

People should really be aware on that risk that whenever there's a hype then it would be expected that there would be projects that do pop out into the market and would join up the craze
because they do know that they can possibly get some potential investor or buyer on whats the current trend example which is meme coin where most people would be finding or seeking
out other projects which they do saw that could have potential to rise up but honestly they arent really giving out some significant changes or uses or utility which makes them more
special compared to the original one and thats Dogecoin.When it comes to trend then it is gradually been over as of now.

[ene1980]

NFT is more potential than Meme coins because people always using them especially when they have lots of players in the game. where the game economy is alive and the players are more crowded. Meme coins are nothing but a scary pump to dump coin where we see most of them in the past are not worth investing right now since they are already being ignored for most of them are really useless and have nothing to do with it.

The meme coins got it attention because of the constant shilling by Elon Musk and now there are many meme coins in the market that gained momentum and new meme coins are coming out and new users are jumping into the market expecting they could make money with every new meme coins that are launched.

If you will see the NFT token right now, you will understand how they grow up after years of existence because the players of the games are increasing every day and day will buy those tokens from the start.

I am still trying to wrap my head in this craze, yes i have seen games being launched and with time we might see more NFT games that are really interesting to play but the concept is great but i am not sure why you would spend thousands of dollars of digital arts is still beyond my understanding.

[uneng]

Meme coin mania is a indicator of how people are inconsequential with their money. Instead of investing in something worthful they play with their money putting it in coins which don't have any real value, just for kidding. It looks like they don't worry about their money at all. Unfortunatelly many investors who can't waste money follow these hypes and end losing funds they couldn't afford to lose.
In my opinion this kind of investment should be avoided, since it is just an upgraded version of old ponzi schemes.

[Koro-Sensei]

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

Yeah we are into it now. I am seeing projects emerging having the name dog species and same purpose as Doge. Some are even trying to be DeFi in their vision and having that the same tax distribution where if you hold more, you'll earn more.
This is probably because of what Elon has started. Shilling meme and now people wants to create one.

[wajik-tempe]

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

Meme coin is just a quick hype because people want to gamble their luck into a quick profits. It's different from NFT i think, NFT is a really good technology environtment which if combined with games is really make a powerful and valuable platform. If we look at Axie, it's not just a hype but there are also strategy to play the game and make money from it. So i think in the future there will be many new NFT games that will popular on the market