MEME coins are good to invest?

[mexite]

Meme coin was a trend that greeted the first half of this year and the traction has waned since the massive BTC dump in May. While DeFi would continue to hold strong for years, the hottest thing right now is NFT.

So I wouldn't advise anyone to invest in a MEME coin, crypto community is advancing towards maturity, as it seeks to develop more use case to garner mass adoption.

[poodle63]

I agree on that mate we need to make a proper understanding about meme coin. There are people that is lucky on investing on meme coin but there are also people that loss investing into it, sometimes investing on meme coin depends on our luck and we need to think twice before deciding on buying this type of coins.

Meme coin was created for pump and dump and it's for speculative purpose that's why its also rely on luck sometimes. Its not good investment even before the trend is gone.
It's not recommended to invest in meme coin because it was also pumping because of trend but when the trend has finally gone the pump for meme coin will also starting to gone and never come back.
There are many meme coins that hasn't get pumped for a while and maybe they will be like that since right now even the trend of meme coin has also gone as well because there are other trend that already replaced meme coin like cryptopunk that has created a new hype right now and make people forget about meme coin.

[btc78]

Meme coin was a trend that greeted the first half of this year and the traction has waned since the massive BTC dump in May. While DeFi would continue to hold strong for years, the hottest thing right now is NFT.

Dogecoin started it all and now the trending is Shiba Inu , but do you really believe that Meme coins has a future?
because i don't think so ..

So I wouldn't advise anyone to invest in a MEME coin, crypto community is advancing towards maturity, as it seeks to develop more use case to garner mass adoption.

wrong mate, they can invest but never trust this coins for Long term , instead learn to make profit in short time and then go out and find another legit coins.

[FrozenBit]

I don't think meme coin is a good for investment, because meme coin won't last long, so it's very risky for you to invest in meme coin, that's why I never invest in meme coin, because I'm afraid I could lose my money by investing in meme coin, so my advice is you better invest in cryptocurrency that has a project and product rather than meme coin.

Of course, we all know about the risks of it, but it can be seen that they are still there and have something very personal.
I see the coin meme as well as the shitcoin, just leaving more trash in the space. However, in times when the market is gloomy, it is necessary to have a few new trends to stimulate the market, although it is not something special, it has contributed to the excitement.
However, it is not for all and most to make a profit from it and keep it is very difficult, another way when it comes to coin memes like gambling, risk profits are always present.

[michellee]

I am not sure if meme coins are good to invest in because the trend is almost gone. If you still want to invest in meme coins, you should be careful because you can hold them at an unknown time and it is hard to expect when the price will increase. But if the price is still too low, you can buy and hold without thinking about when the price increase and just consider if the price can increase in the future, that will be a bonus for you. You do not have to invest in a big amount because there is no guarantee that meme coins can back to the high price.

[mdzahed134]

Meme coins trend started by Elon Musk but now it’s almost ended i think, because i didn’t see elon musk stopped shilling. Meme coins investment never good investment but many people’s invest to rich overnight and some people's are succesful for invest on shiba inu, safemoon both of projects given huge profit. Now at this time NFT is trendy thing in the market.

[ZAINmalik75]

Memes coin give handsome profit to all his investor memes coins like DogeCoin (DOGE), ShibaINU and many more which show huge ralley and bullish too much. the memes coin shiba bullish too much in previous day which mean that investor earn profit from memes coins.
So you can invest in memes coin but 5% of your portfolio.

[kotajikikox]

Meme coins are good for short term investment , if you are seeking for easy Money but willing to risk high? then Meme coins is your weapon.

But if you are aiming for safer and long term investing , then never rely in this area because there is no long future for Memes.

this has been called Shitcoin literally .

[geegaw]

I don't think meme coin is a good for investment, because meme coin won't last long, so it's very risky for you to invest in meme coin, that's why I never invest in meme coin, because I'm afraid I could lose my money by investing in meme coin, so my advice is you better invest in cryptocurrency that has a project and product rather than meme coin.

There is no absolute good and no absolute bad, except for the bad points such as not being long-lasting and not having a base product to protect customers, meme coin still has positive sides, more to be precise, it will be good during market moments and we need some spark and will betray when the rays start to converge and meme coin has no place. Just like Shiba Inu and doge coin, they are producers without a product but by exaggerating their role, they still succeed and find their niche.

[apaben]

coin meme is famous for coin shitcoin 95%. I once bought a meme coin like Safemoon didn't miss out on researching the coin maybe it was hockey last month I got an extra profit. I don't recommend you to buy babydoge coins, well I'm saving coins but not much, the babydoge has a uniqueness. Babydoge is currently famous after its posters are used by NASCAR racing cars and many more.
https://coinmarketcap.com/currencies/baby-doge-coin/

[blue_hurricanger]

Meme coins are no longer a good investment, meme coins are also a short-term trend in the market and it is over. All the meme tokens are dead because they have almost no utility at all and value to the market. Next hype is NFT , I think mate should switch to NFT as it is growing and bring profits to investors.

I said both have their thing for this year as both still growing strong. While NFTs are more like a long tern investment but slowly build up, memecoins on the other hand like a short term investment, quickly pump but easily lose all of it. There were no good or bad, just investments and trying to weigh the risk and profit to make a sound decision.

[Turbolinea]

I don't know much about the coin you mentioned but there are so many meme coins out there. For example, Dogecoin is also one of the meme coins and we have witnessed how much its price increased. Elon Musk had a big affect on it though. But there are still so many meme coins which can increase at a huge rate sometimes without the help of anyone. Lately, SHIB seems to be the most popular one.

[Boomber]

there are thousands of cryptocurrency in the market besides meme coin, so you can choose other cryptocurrency besides meme coin, because I'm not sure to invest in meme coin (has a big risk), so I advise you not to invest in meme coin, especially now meme coin is popular because dogecoin, but not all meme coin can be like dogecoin, therefore don't expect too much with meme coin and you better choose to invest in real projects (such as Ethereum, Binance, Matic and Cardano).

[stomachgrowls]

there are thousands of cryptocurrency in the market besides meme coin, so you can choose other cryptocurrency besides meme coin, because I'm not sure to invest in meme coin (has a big risk), so I advise you not to invest in meme coin, especially now meme coin is popular because dogecoin, but not all meme coin can be like dogecoin, therefore don't expect too much with meme coin and you better choose to invest in real projects (such as Ethereum, Binance, Matic and Cardano).

There are indeed several type of coins that do exist basing up on category but in terms of use case then each of those blockchain offering almost the same thing or simply having no difference at all.

Meme coins are good to invest? Im not really that convinced on putting up some funds specially now that the price had soared up then most likely you would really be ending up on being caught
by the dump and would end up on holding for too long.

If someone could able to bare out the risk then they can always opt to proceed but of course you should really be aware on probabilities of things to happen.

[LUCKMCFLY]

Well, Doge's performance in the last few hours is not bad at all, for now it is already around 0.25USD, possibly wanting to go up more if the BTC continues to trend, according to cointelegraph the technical indices say:

After twice being unsuccessful, the bulls are again trying to drive and sustain the price above the downtrend line today. Such a move will invalidate the developing descending triangle pattern, clearing the path for a possible rally to $0.32 and then $0.35.

Source: https://cointelegraph.com/news/price-analysis-10-20-btc-eth-bnb-ada-xrp-sol-dot-doge-luna-uni

The truth is not a crazy idea to bet on these coins, Doge is seen that it is still going up, it has a + 4.16%.

[mdgabrielzim]

It can be a good move and it can also be a bad move. I saw several coins rising a lot in a short time and also falling very fast, if you can predict the move it will make, it can be a good move. I personally don't put my hard-earned money into this kind of business.

[Reatim]

It can be a good move and it can also be a bad move. I saw several coins rising a lot in a short time and also falling very fast, if you can predict the move it will make, it can be a good move. I personally don't put my hard-earned money into this kind of business.

OP is asking about specific Meme coins in which we knew has not reliable in long term Investment .

For me I don't see meme coins in short terming even in long term , MEme coins is best if you are day trading in which you will completely take a look in the movements of your investment and checking before even sleeping at night.
while in safer coins you can buy and Hold not troubling mind that will be dumped after the night .

[BaeSuzy]

For me MEME coins are good to invest in short term especially when the hype is already happening and for me MEME isn't good for long term because IMO the reason why most of meme coins can rise is only because of HYPE. My step dad who knows zero about crypto asked me about SHIB yesterday. I told him it was junk, but I could have easily told him it’s a great coin and is gonna 500x. He probably would’ve bought XD.

[feelideb]

The meme trend just emerged from the present bitcoin  upward trajectory  and it may continue to trend with bitcoin  pump.  What is clear however is that Memecoin is not going to back down soon.  Shiba inu is leading the way with almost 5x from it's low.  It is time to play meme coin with money you can afford to lose!

[bayudndy]

For me coin memes always create garbage in the market, but I find when the market is gloomy, these trends appear also contribute to bring more excitement. I don't care much for meme coins, other than doge and shiba being the top coins in this field, all that is working are shitcoins.