Are we already in meme coins mania?

[rozak]

That just basically describes human nature. Memecoins and ICOs and Ponzi coins will always be popular at some stage when there is enough wave of new people coming in to give their money to old people. Greed is never far off from the motivation of these guys. HYIP threads are still popular and people still come in to try their luck.

Nowadays, most people come to the crypto market to make big and fast profits. and now the meme project is their choice. because with good hype there is the hope of growing investment quickly than with top market assets which may take quite a while to gain the best market momentum.

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[Serco]

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

Hype is over now in meme coins, alot meme project now dying and replace by NFT gaming project. only Doge coins so far that could survive and maintain price above 0,1$ meanwhile other project drop hardly and hard to recovery due  money switch from meme to nft . meme coins have no utility and investors use it speculate for gaining huge profits in short term.

[GatotKaca]

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.

It could be like that and the people who made it think that at this point is an opportunity to make more memes and earn money through some unsavvy investors, even though the developers themselves can't guarantee how long their meme coins can last in the market.

it all depends on how the community continues to believe in trading the meme coin.
many are making new trends this year. more and more hype from the meme project. but many also came later disappeared from the market.
this year seems to be a topic for DeFi, NFT, and the MEME Project.

[7788bitcoin]

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it all depends on how the community continues to believe in trading the meme coin.
many are making new trends this year. more and more hype from the meme project. but many also came later disappeared from the market.
this year seems to be a topic for DeFi, NFT, and the MEME Project.

Not sure how long these DeFi trend last as there are a ton of shit projects in the market and we will see what happens when the market starts its major correction and what all projects will last the test of time. NFT is attracting a different audience altogether who likes to collect art.

Yes, we have passed that stage, meme coins will not last long because there is no support so there are no strong fundamentals to keep happening, meme coins also occur when there is real manipulation and only a few are willing to buy meme coins and maintain it in the long term.

You cannot count out Dogecoin because they are accepted in almost all of the gambling sites and the fundamental is the same like the rest of the coins and the only difference is that these coins will be having a huge number of coins in circulation and Elon Musk made a trend out of these meme coins and many of the meme coins rallied over 1000% in the past few months.

[Valak]

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

Sometimes those who create meme coins just take advantage of the Dogecoin bullrun. And change the way investors think that their coins will also have good value in the future. We know the journey of Dogecoin is very long, and almost all previous platforms created mining for Dogecoin, the basic purpose for advertising Dogecoin.
But the current meme coin has either weathered the crisis well, or is it just relying on the recent crypto bull run.

[wwzsocki]

I think we have reached the end of this discussion, I will close it now to avoid spam.

Thank you very much for all your answers, it was a pleasure to talk with you all.

Stay safe and don't invest in shitcoins, especially if you are newbie with no experience.

OK thread locked from now.