Meme coin craze

[TimeTeller]

Just know where you put your money not all these meme coins mean business

The same on decentralized swap exchanges before. Honestly, not new to crypto. We have seen that many times. But yes, since there are always new on this game, they might easily be lured on those new projects because of its sounds legit as names are derived from popular ones.

But I trust most newbies today that they won't fall on that simple trick. Yes, there will always be someone that will be lured by it but at least, and I believed, that the whole percentage isn't that high.

A lot are deceived to spend their savings to this kind of project hoping that they will get good profits, if the token will suddenly pump.
So there are still a good number of crypto users who are lured into this venture.
Just like with SHIB, honestly, I don't know how this meme token will survive once the hype is over.
Good that it is listed in top exchanges like binance, but how long they can sustain its market?

[FloridaKid]

Take profits and keep taking profits, there is nothing wrong investing in good meme coins just for the profits, I've made tons of profits from shiba inu than any other good projects with good utilities combine, get into the hype and get out early, that won't hurt

[isaac_clarke22]

~

Well of course. It is just all hypes obviously and I am not sure why would some people expect something like that to be something for a long-term to root for. After that supposed "exchange listing", it is almost always just go dry overnight. I never made any attempt to join meme coins, as I am a long-term holder nor I care about those coins really if they get reported a lot in crypto news which is almost often when I tend to scroll down in Facebook.

[el kaka22]

When there are more advanced meme coins like Dogecoin, then copy coins will also be born to take advantage of certain moments such as hype and trends, an example of this you can find in Babydoge.
After that when Shiba Inu gets a lot of good responses and amazing pumps, then a meme coin with a copy of this name will also be born as you have mentioned and all of them will trap everyone who starts to believe in him at this time.

Advanced like doge? Doge was a joke, it was literally made as a joke and it will always stay a joke as well. I do not think that there will be any situation at all where people will be able to understand how much of a joke it was and why it was created. At the time doge memes were a lot and people just memed about it, so some guy who just knew how to code ended up doing it in 2 hours (his own words) as literally a joke, like a meme, so that we would laugh for a while.

The fact that it is taken seriously right now is all because of Elon Musk, it was nothing before this, it was just something that we had fun and that's it. To think that doge is a better version of anything is just convincing yourself for your investment and nothing else. Don't get me wrong, shiba and all the others are still as bad as it gets, I would never spend a cent on them either, but just because the other memes are bad, doesn't change the fact that doge is a joke as well.

[Yaunfitda]

Take profits and keep taking profits, there is nothing wrong investing in good meme coins just for the profits, I've made tons of profits from shiba inu than any other good projects with good utilities combine, get into the hype and get out early, that won't hurt

Right, as long as you know what you are doing and investing money that you can afford to lose then why not? The dangerous thing is that there are newbies who think they can just pour their money on a hype and meme coins and have a good profits in return. But that won't work if you don't know what meme coins you are going to invest.

Shiba right now is making huge profits for investors, specially those bagholders who enter early, but how about for those who enter the top? they might be trap and then lose their money and these newbies blame the crypto market itself.

[MariaWang]

The value of a memecoin is the value of their comunity, but a comunity that is basically there to make money will run when the going get tough

[AhmadM]

A quick warning for those who needed them, be careful with projects that ends with the word .inu and nomics , right now investors are investing once again on projects mainly on hype and FOMO

Thats an inevitable event I guess, since shiba is being pumped again and being one of the most hyped tokens in the current market. Surely another meme coins/tokens with similar names are expected going to pop up here and there once more time, I believe people should take their own research before investing in any coins not just following the and fomo.

and developers are ready to take advantage of them, almost every new projects that listed on coinmarketcap ends with inu, small time now we will start seeing

You are very kind to call such people a developer, I guess deverobber is most the suit one for them. lol

[adzino]

I respect shiba inu token for one purpose and that's the team, honestly I've seen successful projects since 2020 that aren't that popular but as time goes on these projects brings insane profits to investors, the fact is you really can't tell which one has a serious team and which one isn't, it's just that meme coins are 💯 more dangerous

Those projects that bring profit after time goes are the ones that are being actively developed and trying to bring something new to the crypto market. I doubt any of those new meme coins (shitcoins) will give you insane profit in the long run. Those coins are made for pumping and dumping. Ask why people are investing in those coins. They all are going to say that they are doing it for making some quick gains. Once the meme craze is over, I doubt any of those meme coins will survive.

[eaLiTy]

~
Advanced like doge? Doge was a joke, it was literally made as a joke and it will always stay a joke as well. I do not think that there will be any situation at all where people will be able to understand how much of a joke it was and why it was created. At the time doge memes were a lot and people just memed about it, so some guy who just knew how to code ended up doing it in 2 hours (his own words) as literally a joke, like a meme, so that we would laugh for a while.

This is the sole reason we are calling it a meme coin simply because it was created after the meme that was going on during that period but once it was launched it had a huge fan following and even the developers were surprised and for years it was quite until Elon Musk started pumping the coin and now things are changing but not sure how long as they reestablished the Dogecoin foundation and we might see some interesting things from them like sponsorship like they used to do in the past and so on.

 

[Hypnosis00]

A quick warning for those who needed them, be careful with projects that ends with the word .inu and nomics , right now investors are investing once again on projects mainly on hype and FOMO and developers are ready to take advantage of them, almost every new projects that listed on coinmarketcap ends with inu, small time now we will start seeing

Shakura inu
Kiba inu
Naruto inu Which I'm sure is coming
 

Just know where you put your money not all these meme coins mean business

if you are keen enough to analyze these projects, they are absolutely worthless projects, investors will never look into them but newcomers might be got tempted due to huge profit offerings.

But Shiba Inu is different ( it is out of your list) and that seems it was a legit project among those INU projects that you have mentioned. As this crypto market keeps growing, FOMO and all acts of creating fake projects would really have to exist that is why we should be careful and have to do searches before risking our money otherwise.

[susuberuang]

Some projects are bad for them. But is it right to believe that all projects will be bad? I don't think all projects will be bad for them. Currently Shiba Inu is pumping slowly. It has not gone down at all now. They have a good spread in the market. So it can be said that even if it is bad, not all projects are bad

But does the Shiba Inu not have the potential to go down again in the near future? now it's not about how bad or good a project is, but about how many people like it so that it can give birth to another value in the eyes of everyone for each project.

[shinratensei_]

Just know where you put your money not all these meme coins mean business

Agreed and there are so many new inu tokens were coming to the market. Shiba inu was triggering scammers to issue scam tokens to be bought by crypto investors. There was also a coin called squid game that didn't let the investors to sell their tokens but they were able to buy it. People are so crazy these days to earn huge profit in a short time and they abandon how important the fundamental analysis right now. They must not forget it again. I hope that some people will be also thinking for twice before trying to buy such coin. So many scam tokens exist in the market right now. People are so crazy without think about the risk by investing in the meme token.

[letyouearn]

Let the people play the games they want to play - relax, dude
You won't save everybody here, on crypto market. By the way - all you gains here are someone's losses - did you think about this?

[Doell]

the scammer will set a lot of traps at the moment of meme token hot famous and make meme token with the developer so that cooperation is successful ,everyone will start analyzing and predicting prices then share it with several/family people and the results when it rise ,the scammer will dump the price ! be careful it's important because we didn't know that criminals might have a group and start their perfectly work planned ! this will bring up negative news that will corner crypto in the world ,we must not preserve and support waste projects

[Mpamaegbu]

Just know where you put your money not all these meme coins mean business

This is true. It's the same gimmick we saw when Dogecoin pumped, every new project picked the "dog(e)" tag. I saw a lot of them without teams, just shenanigans picking profile names on LinkedIn to plaster on their scam projects. It's the same way I see every other project that isn't Shiba but has the "inu" tag. The truth, regrettably, is that a lot of people like to pick those memetokens because they think with as little as $10 they can become millionaires over night once it hits $1 or $0.1 price. Can you beat that?

[Gorosden]

Since every big altcoins are sleeping in my wallets and meme coins are the only ones trending I don't mind risking some USD for quick gains, the rules is you must take profits as time goes on so you will have something to fall back on if things go wrong

[michellee]

Memes coin may look crazy, but I think this is a trend that is happening and has proven to be lifting the market to a good level, now many meme projects are successful and SHIB will be a motivation for many devs. to emulate the success of SHIBA Inu, and for me this is a great opportunity to earn big profits.

You should remember that the trend will not last forever because a new trend will replace the existing trend and attract people's attention to invest in the new project. If you can know when to get out from the trend before it is over, you will not regret or be sad and even you can make a lot of money from the trend.

Shiba really gets attention from many people, including investors who spend some money to buy and hold Shiba at a low price. And now, they are making a lot of money by selling their Shiba, while I am sure they still have more Shiba and wait for another increased time to sell the rest of Shiba.

[denasha92]

A quick warning for those who needed them, be careful with projects that ends with the word .inu and nomics , right now investors are investing once again on projects mainly on hype and FOMO and developers are ready to take advantage of them, almost every new projects that listed on coinmarketcap ends with inu, small time now we will start seeing

Shakura inu
Kiba inu
Naruto inu Which I'm sure is coming
 

Just know where you put your money not all these meme coins mean business

well, you missed the Goku Inu, Charizard Inu, Saitama inu  LOL
i will never invest my money in any meme tokens. most of them didn't have any goals, whitepaper or roadmap. like the others said, "it's a trap". they posted very similar thing on their social media.

[koang]

Most of these meme coins are spin-offs of Dogecoin, popularized by influencers and celebrities through posts on social media.
And most coin memes don't have a use case, in fact, some of them were just created as a way to make quick money, pump and dump

The coin that originally started as a joke, doesn't seem funny anymore

[LogitechMouse]

Dogezilla meme coin just rugpull hours back lol, over 300 BNB are been sold by the scam artists leaving people at huge loss, this will serve as a lesson for all those desperately looking for where to invest their money without proper research

When a craze like this is happening, there will be con-artists out there that will create a new coin that is almost the same name as the coin that is booming and after few weeks to months they will just get the money and walk away like nothing happened.

To all, nobody is saying that you don't need to invest into these meme coins because after all its your own money. Just invest what you can afford to lose especially into these meme coins that no use case at all. If you are just investing base on emotions and hype, better not to invest at all because it is the riskiest form of investing (investing using emotions).