Memecoin and utility - impossible or next stage of crypto development

[casper_crypto]

A memecoin is a type of cryptocurrency that is primarily used for online memes and as a form of online tipping or reward. They are typically not intended to serve as a serious investment or store of value, but rather as a way to facilitate fun and creativity within online communities.

One of the main utilities of a memecoin is its ability to facilitate the spread of memes and provide a way for users to show their appreciation for content creators. By allowing users to tip each other with small amounts of memecoins, it can help to encourage the creation and sharing of new and interesting memes.

Another utility of memecoins is that they can serve as a way for online communities to self-govern and regulate their own content. For example, a community may decide to use memecoins as a way to vote on which memes should be promoted or featured. This can help to ensure that the content being shared is of high quality and resonates with the community.

Overall, while memecoins may not have the same utility as more traditional cryptocurrencies, they can still serve an important role in facilitating creativity and community building online.

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[o48o]

A memecoin is a type of cryptocurrency that is primarily used for online memes and as a form of online tipping or reward. They are typically not intended to serve as a serious investment or store of value, but rather as a way to facilitate fun and creativity within online communities.

One of the main utilities of a memecoin is its ability to facilitate the spread of memes and provide a way for users to show their appreciation for content creators. By allowing users to tip each other with small amounts of memecoins, it can help to encourage the creation and sharing of new and interesting memes.
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You don't really need to spread the dogecoin as i thing that everyone with an internet seen the doge meme. And i've never encoutered new meme token being a thing used to top people.

What i've seen during somewhere in the top of the ico frenzy cycle, token names being used as an adverisement for a website or other kind of token. I don't think that was very effective as that was a sure thing no make me NOT to even google about it and avoid the name in all cost.

[goaldigger]

Overall, while memecoins may not have the same utility as more traditional cryptocurrencies, they can still serve an important role in facilitating creativity and community building online.

Probably the hype is their role in this market, and many can still make money out of it but not all will have the same luck because late comers will always be the one to suffer here and that is what happened to other meme tokens. It you want a real deal, better to look for other projects with utility, there’s a big chance for them to rise and stay longer here in the market instead of following too much hype from meme tokens.

[Scripture]

Meme tokens might serve their purpose for a cheaper network but not all are worth it, have you seen a lot of scam meme token and a lot of rug pull recently? That’s alarming and not encouraging at all. I don’t see meme token as worth it to hold though, its too risky and too volatile so proceed with caution and never go all in with the meme tokens.

[len01]

memecoin to me is not worth long term investment and look how many memecoin have appeared and in the end it is a scam.
I completely don't pay much attention to the uses of memecoin at all but what I see is the value for the future is too weak.

[SafuBTC]

i think it is better to stay away from any type of meme projectx, in few more years meme coins might not gain any more hypes like 2021 ever again, the whole market might shift for a newer hype like A.I , blockchain games or something brand new entirely, my most focus is on shiba inu as this looks like the only meme coin that might actually works in the end since it has a stronger community thats supporting the project.

[abel1337]

It's basically created as a meme token that has little to no utility but people used it a tipster token which majority of people embraced it like that given that the value of DOGE is very low before. But today as Elon make DOGE sky rocketed as he talk multiple times about it, people thinks it's a great investment out of nowhere. I believe that it should be used as a tipster token again since no one is giving tips nowadays using DOGE because it has a value now.

[jaberwock]

It's basically created as a meme token that has little to no utility but people used it a tipster token which majority of people embraced it like that given that the value of DOGE is very low before. But today as Elon make DOGE sky rocketed as he talk multiple times about it, people thinks it's a great investment out of nowhere. I believe that it should be used as a tipster token again since no one is giving tips nowadays using DOGE because it has a value now.

Tips are usually small amounts given to another person but using meme coins as medium will make the amount look smaller and the tips became useless anymore. This might work for someone who is new to crypto and they will think you have given them a huge amount when they saw those huge number of doge coins on their account. Meanwhile, coins that works from influences is never a good investment.

This is risky and the only one that is guaranteed to make money on here are the influencers. Are those guys happy when they make Elon more richer? Maybe these guys wants to make Elon the most richest person in the world because I think he is currently on the second spot and Jeff Bezos is at the first place.

[el kaka22]

I think it is going to end up being a bit of a trouble when people realize that the only thing that kept these coins were hype and nothing else and it's not going to end up being anything better in the long run neither. I get that most of them want it to go on for a longer period of time but it is not going to happen and we will have to focus on just fundamentally strong coins.

If you keep checking meme ones, then your money will turn into a meme itself and you wouldn't want that. It's much better if you could just put it in something serious so that you would seriously make some money, it's much better that way. It's my preference at least, much better that way.

[uneng]

A memecoin is a type of cryptocurrency that is primarily used for online memes and as a form of online tipping or reward. They are typically not intended to serve as a serious investment or store of value, but rather as a way to facilitate fun and creativity within online communities.

I don't know a single investor who is into this kind of investment because they are having fun and inspiring creativity on the online community. As far as I know, investors are into memecoins because they expect financial returns.

One of the main utilities of a memecoin is its ability to facilitate the spread of memes and provide a way for users to show their appreciation for content creators. By allowing users to tip each other with small amounts of memecoins, it can help to encourage the creation and sharing of new and interesting memes.

I thought emoticons existed for that purpose already, since the early days of internet (and for free). And I don't think they need to be replaced by memecoins.

Another utility of memecoins is that they can serve as a way for online communities to self-govern and regulate their own content. For example, a community may decide to use memecoins as a way to vote on which memes should be promoted or featured. This can help to ensure that the content being shared is of high quality and resonates with the community.

Memecoins are copies of each other. There is no creativity or high quality content on this community at all. It's a speculative niche of pump and dump schemes. Sorry, but nothing of this make much sense in a practical way...

Overall, while memecoins may not have the same utility as more traditional cryptocurrencies, they can still serve an important role in facilitating creativity and community building online.

Memecoins are shitcoins like most altcoins in this market. They are of no use. And that is why all of them are dying, with DOGE's exception, since it's a classical cryptocurrency which must last for a long time yet.

[blockman]

No doubt about building a community because most of them are successful in building one. Don't forget the OG of it which is the most popular of them all, Dogecoin.
The community of it has been there and then there goes shiba inu and the others too. I can say that their community is commendable even if we don't mostly like these meme coins. Those that have been part of it are happy and took all of the profits that they can. Investing a bit and then profiting with thousands percentage is one of the best thing that has ever happened to them.
The utility of it being part of the tipping community is one of its use but whether we like it or not, most of them are built upon hype.

[Vaskiy]

If you talk of the utility of memecoins, it is very rare to see something perfect. Same time it is possible to see few of the memecoins having its usage on some needs. The most used being the dogecoin and Shiba. Dogecoin have got its history, but Shiba reached the market and the hype have good return. Further the team along with the community worked on development and now Shiba is used widely on different needs.

[shinratensei_]

the utility of meme coin that you mentioned is never actually become a thing, meme coins in general is used just for pure speculation, it was never intended for something like that, the ones that invested in meme coin even though also following the trend, always wish good returns in the long run, therefore the reason $1 valuation for doge that many has always been waiting even until right now.
there's no other motivation other than creating quick money so I think it will always be like this.

[wxa7115]

I think it is going to end up being a bit of a trouble when people realize that the only thing that kept these coins were hype and nothing else and it's not going to end up being anything better in the long run neither. I get that most of them want it to go on for a longer period of time but it is not going to happen and we will have to focus on just fundamentally strong coins.

If you keep checking meme ones, then your money will turn into a meme itself and you wouldn't want that. It's much better if you could just put it in something serious so that you would seriously make some money, it's much better that way. It's my preference at least, much better that way.

It is interesting that meme coins went from being a joke to be taken by some people so seriously that they invest a great deal of money in them, this was not supposed to happen and yet it does as the allure of profits is simply too big to ignore for some.

However for every person that makes profits with meme coins there are many others that lose everything, but surprisingly people do not seem to care as every time we get a new bull market many meme coins are released hoping to become the new Doge or Shiba.

[Adbitco]

~snip~

Probably the hype is their role in this market, and many can still make money out of it but not all will have the same luck because late comers will always be the one to suffer here and that is what happened to other meme tokens. It you want a real deal, better to look for other projects with utility, there’s a big chance for them to rise and stay longer here in the market instead of following too much hype from meme tokens.

There's something which i do tells most of my friends who are lovers of memecoins, first they should target it the right time to invest, secondly always being active with their media channels and handle to be self informed about their next plan otherwise they would be likely left alone with just an empty token and from my understand i have never seen any memecoin that has ran for long rather than dogecoin before its final decrease. One major thing i really dislike about memes is that they often end with hype most likely pumped and dump.

[GreatArkansas]

(....)
Overall, while memecoins may not have the same utility as more traditional cryptocurrencies, they can still serve an important role in facilitating creativity and community building online.

There are some cryptocurrencies claiming the term "meme" in their project just because of the current trend and these coins can differ significantly in terms of their features, purposes, and worth.
For me, Dogecoin will be always the original memecoin, other else are copy-paste projects from dogecoin.
Some memecoins may be legitimate projects with a specific function or intended use, while others may be more lighthearted or novelty projects.

[Pierre 2]

I think memecoins may have utility of donations and maybe gambling. These are main 2 areas I can think of. As memecoins tend to use very cheap and quick Blockchains, they can be very useful methods of donating people or funding (similar to patreon). Same utilities may be very beneficial for online casinos as well, I especially love cheap withdraw options. These are main problems that can be solved through memecoins and their fast blockchains.

[Johnyz]

I think memecoins may have utility of donations and maybe gambling. These are main 2 areas I can think of. As memecoins tend to use very cheap and quick Blockchains, they can be very useful methods of donating people or funding (similar to patreon). Same utilities may be very beneficial for online casinos as well, I especially love cheap withdraw options. These are main problems that can be solved through memecoins and their fast blockchains.

LTC and XRP also offer a faster transaction at a lower fees, I'd rather go to this option than to use those memetokens.
Donation drive might also trigger greed and probably that memetoken will ended up as a scam project just like the other projects before. Only DOGE seems to be more successful when it comes to utility as many gambling site accept this one but if we are going to talk about new memetoken here, I guess its too risky to deal with them in a bear market where hype is not that effective.

[bittraffic]

I think memecoins may have utility of donations and maybe gambling. These are main 2 areas I can think of. As memecoins tend to use very cheap and quick Blockchains, they can be very useful methods of donating people or funding (similar to patreon). Same utilities may be very beneficial for online casinos as well, I especially love cheap withdraw options. These are main problems that can be solved through memecoins and their fast blockchains.

LTC and XRP also offer a faster transaction at a lower fees, I'd rather go to this option than to use those memetokens.
Donation drive might also trigger greed and probably that memetoken will ended up as a scam project just like the other projects before. Only DOGE seems to be more successful when it comes to utility as many gambling site accept this one but if we are going to talk about new memetoken here, I guess its too risky to deal with them in a bear market where hype is not that effective.

Never really saw a platform where people send Doge as a tip for a meme. Doge has considerable value if indeed people send tips to users who create memes, many users will really be creating lots of memes.

What I saw in some meme telegram channels was that they were just posting memes in the chat and just users laughing at them. I don't see anyone sends Shib nor Doge. But like any other coins out there, these memecoins has a place for coisn to bet on casinos.

[lobo13hf]

I think the only meme coins that facilitate creativity in real practical way is shiba inu, other meme coin like doge quite literally just being used for generating profits and nothing more, it's like just a pump and dump tools.
even though shiba inu may have the same characteristic at least it has some innovation behind it unlike doge that's just gonna stuck like this forever, the doge this day and in the future will be the same.