Can anyone explain what is the value of meme coins?

[MiF]

I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

If you invest in meme coin then you are investing in a very risky coin meme coin had no use case it depend on hype and the advertisement from the big names in crypto just like elon musk, investing in coin that has no use case is just like wasting time and money, however you can still invest on it in a very small capital and forget it on your wallet and if you are lucky on that meme coin then you can still earn on it if it will hype in the future, just like shiba inu and many meme coin on crypto.

[BitDane]

I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

there is no value of this coins, you can just buy and sell them when its profitable but mostly meme coins is scam, so better don't even try it

But to be able to buy them you need money for it. And we know money can represents value.  From the explanation of money,

Money is a commodity accepted by general consent as a medium of economic exchange. It is the medium in which prices and values are expressed. It circulates from person to person and country to country, facilitating trade, and it is the principal measure of wealth.

Once money is used on something it automatically procure value.  So meme coin that is trading has somehow value in it.  The value is dictated by the demand of people wanting to buy it.

[ItsCrafty]

I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

This is just whale accumulation and when some people buy it and hold for some time they rugpul the price. Memecoin is just like gamble but you should not be a long holder. I give you good profit in hours but very Risk that you will lose all.

[cabron]

Basically when you got into it the first, you are lucky to have a lot that a tiny increment of price you can already sell to get thousands of USD in profit. Some investors, even when its late enough to get into it  still buys their share hoping they could also make it.

Some memecoins take a big step to develop inorder for investors to come in again or buy back what they sold. Shiba Inu seem to be in this position already but its a flop.

[TopT3ns]

I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

meme coin in my opinion is not very profitable because they the developers created the meme coin just for fun so for you not to buy the wrong coin, you have to look at the project behind the token being developed so that from the analysis it can provide very clear information that the coin it makes a profit or not.

[alisonwonder]

This is just whale accumulation and when some people buy it and hold for some time they rugpul the price. Memecoin is just like gamble but you should not be a long holder. I give you good profit in hours but very Risk that you will lose all.

Buying meme coins is like betting for profit, because the meme coin market is no indication other than big news from people who have been influential, so now the Shib price is low and may be able to buy with low allocation for long term holding.

[Little_Sister]

meme coin in my opinion is not very profitable because they the developers created the meme coin just for fun so for you not to buy the wrong coin, you have to look at the project behind the token being developed so that from the analysis it can provide very clear information that the coin it makes a profit or not.

If associating with other meme coins would not be profitable as many other coin memes were created by scammers, now only coin memes survive in the market i.e. for Doge and Shib, but both have dropped in price with no price recovery apart from the impact of BTC price recovery.

[dwminer1]

Most of them have no real value and their value is caused by the hype of the community. Personally, I stay away from memecoins, but many people or P&D groups are interested in them, because you can still make good money from them. However, I believe that it would be better for the whole crypto world that such projects were treated at most as a toy or a curiosity.

[RussianEnglishTranslation]

I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

They aren't providing any value, especially when you compare them to projects like HBAR, which has google and banks on its governing board, and ICP, which is a blockchain that is able to host websites and gives those websites Web3 functionality. Your dog token can't do that.

[Jody.Drummer]

I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

Meme coins are synonymous with price manipulation, so don't be surprised if the price is easy to soar but easy to drop in a short period of time. Beginners are always attracted by crazy profits like this so they end up gambling, no longer called investing or trading. It's no wonder even unlocked liquidity just keeps you from taking profits. Therefore, avoid coin memes even if the temptation of big profits won't make you feel at all comfortable.

[poodle63]

It's all gambling, nothing is 100% safe in crypto. But investing in meme projects is more risky when you try to invest in potential projects. What happened to Luna was actually quite unexpected and no one could have predicted it but the death of most memecoins is something almost everyone knows in advance.

to be fair here, memecoins and shitcoins in general are worse than gambling, just imagine investing thinking that it could give you a chance of multiplying your investment but as it turns out there is rugpulls that decrease your chance of having profit to literally zero chance.
That kind of thing isn't gambling, it's worse than that because its market manipulation where you literally have zero chance from the start but you just don't know it.
meme coins in general considered very volatile because it also has the chance of having massive rugpull and heavily manipulated so take that into account before investing in memecoins.

[jossiel]

It's been said that it's all about the hype that it brings.

Most of them have no real value and their value is caused by the hype of the community. Personally, I stay away from memecoins, but many people or P&D groups are interested in them, because you can still make good money from them. However, I believe that it would be better for the whole crypto world that such projects were treated at most as a toy or a curiosity.

I'm also staying away from them and the hype that they've made were all done. But the sad thing, there are still investors that have been stuck with that reality and also they're stuck with losses so they still hope for its comeback.

It's hard to move on if you've invested a lot and too late with it because you can't accept it.

[Fakhrulenclix]

I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

Meme coins are synonymous with price manipulation, so don't be surprised if the price is easy to soar but easy to drop in a short period of time. Beginners are always attracted by crazy profits like this so they end up gambling, no longer called investing or trading. It's no wonder even unlocked liquidity just keeps you from taking profits. Therefore, avoid coin memes even if the temptation of big profits won't make you feel at all comfortable.

the level of risk is too large, just like we gamble, usually beginners are interested because they are tempted by the benefits that will be obtained. yes I think it's better to avoid it because it's really not worth it. There is no greater hope in Memkoin than disappointment.
go and pick a top altcoin to take a bit more realistic profit i think than gambling on memcoins.

[Silberman]

It's all gambling, nothing is 100% safe in crypto. But investing in meme projects is more risky when you try to invest in potential projects. What happened to Luna was actually quite unexpected and no one could have predicted it but the death of most memecoins is something almost everyone knows in advance.

to be fair here, memecoins and shitcoins in general are worse than gambling, just imagine investing thinking that it could give you a chance of multiplying your investment but as it turns out there is rugpulls that decrease your chance of having profit to literally zero chance.
That kind of thing isn't gambling, it's worse than that because its market manipulation where you literally have zero chance from the start but you just don't know it.
meme coins in general considered very volatile because it also has the chance of having massive rugpull and heavily manipulated so take that into account before investing in memecoins.

This is completely correct, investing in meme coins is not like gambling, to begin with gambling should be done to get some fun and nothing more, while investment should be about the profits you can obtain regardless of the entertainment you can get, however meme coins are not really an investment as not a single one of them can keep existing as they have no good fundamentals, those coins literally exist just for the sake of existing, and something with those characteristics will sooner or later disappear.

[Xal0lex]

I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

Their value is in the hype and only, the prices are inflated due to the increased interest in the coin, usually at the expense of influencers and public people. For example, the value of Dogecoin is that this coin is advertised by Elon Musk, and the Shiba project was advertised on YouTube, and because of that there was a big hype. Without all the hype these coins would be worth 0 or close to that value. Though DOGE used to be very popular among arbitrage traders, who transferred money from one exchange to another using DOGE, because this project always had low commissions. But some utilitarianism didn't raise DOGE price anyway, but when this coin was advertised by Musk, the price went up at once. That's all the value, just at the expense of celebrity mentions.

[bhooscream]

The value?
Emm, I think it is to shake your heart, to train you control your emotion and physiology.
Because most meme coins are like that, sometimes they can make your heart so happy because of sudden profits. But mostly also they can make you lose your money and make you stressful over the time

So, that is what I think, it is to help you to have exercise on shaking your heart 

[Kelvinid]

I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

If you are new (obviously) in the market, you will get surprised why these meme coins and shitcoins are having such a trend knowing of have no market value. And this is to explain how manipulation has been influenced by the market price, whales and the owners could hype and play tricks just to keep seeing the project is worth it because of the price. But behind this activity and surprising trend, you'll be careful as this will give you losses if you fall into their bait. A bull trap was it called and many have become a victim of this thing.

[shinratensei_]

No value for meme token. A joke token being created for the joking purpose only. If you are seeing if meme token has value and that means if that's just a speculation price. people are not buying for the utility but they are only buying for the speculation from the meme token.
This can be used as a pump and dump token. People are jumping it and going out as soon as they have earned bunch of money from there. The losers will always be the last who can't jump out from there.
I meant you must need to see that how it can be a very bad thing to be used to used your money.

[TelolettOm]

I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing

Only their supporter and their community actually know about this. Because they will always promote it to become hype to skyrocket the coin. But after that, I think also that they will not care again as long as they have gained the rofits.
So far, the meme coins are always related to the hype that is brought by certain influencers and also the community. They always say that their meme coins will become the killer of Doge coins. But when we are also asking about their value, they cannot explain it clearly.

[Republikcoin.com]

the level of risk is too large, just like we gamble, usually beginners are interested because they are tempted by the benefits that will be obtained. yes I think it's better to avoid it because it's really not worth it. There is no greater hope in Memkoin than disappointment.
go and pick a top altcoin to take a bit more realistic profit i think than gambling on memcoins.

Utilizing memecoin only for a moment in good market conditions, besides that I don't think it's necessary to keep looking at memecoin because the losses can be greater than the profits, actually it is very clear and beginners should also be able to see this and ask people -people who already understand memes or something else so they don't fall in the wrong circle.