What could have happened to all meme coins

[Jackl87]

I am wondering what the fate of projects like Volt inu, Baby Doge and other meme coins would have been if Elon Musk never supported Doge coin, would Shiba inu ever made it to top 20? What would have happen to meme coins? Will there ever be any if Elon never existed?

I think it is quite simple. If Elon Musk did not make that tweets about Dogecoin two years ago or so, then all those other stupid shit-coins like ShibaInu, Baby Doge, Volt Inu and so on would not even exist. The only reason why those "second generation" meme-coins were created were those tweets of Elon Musk. Later Musk even said that stuff he said about Dogecoin were all just a hustle. For me it is just crazy, that a few tweets that were not even meant as a serious statement were enough to kick off that whole shit-coin plague that we are still witnessing today. There are still hundreds of new shitcoins launched each and every day.

[Jody.Drummer]

It seems that for now almost everyone agrees with the condition that if there is no Elon for Doge all these coins will have nothing to be proud of because indeed seeing from their condition coins like that are just trying to suck by taking advantage of Doge's hype before and when it doesn't exist , then their reason for living too I think is questionable because no one is really interested in a coin like this apart from the hype for a moment and creating a hit n run moment.

[Apocollapse]

Dogecoin have been stayed on top 10 coins before Elon Musk joined cryptocurrency world, so either Elon Musk support meme coin or not, meme coin is always a meme coin. At the end all of them will become a dead coin, it's just used to make quick profit by taking advantage over pump and dump. So if you're looking to invest for long term prospect, you're better to stick with Bitcoin.

[vv181]

It is quite interesting to see how the outcome it might be, putting aside utilisation, meme coins are quite the contrary of many projects where they are thriving to solve some problem, within the cryptocurrency scene, at least. As absurd as it can be, meme coins surely have the true supporter of the project itself, the one who just simply loves doge and themselves are onto cryptocurrency. So even let's say Elon did not shill it, Doge might probably just exists.

Among other projects, surely some of them must be inspired by Doge. But do in mind, if there is no popular figure "endorsing" it, I believe it won't be as large as it is right now. So, the degree of its popularity and market cap would be lower than what the current number.

[ElmedoRator]

I am wondering what the fate of projects like Volt inu, Baby Doge and other meme coins would have been if Elon Musk never supported Doge coin, would Shiba inu ever made it to top 20? What would have happen to meme coins? Will there ever be any if Elon never existed?

The nature of these projects is like a joke, and whether they get away with it or not depends on the projects themselves. The change adapts to the construction market but brings more benefits to users instead of a pump/dump. Basically to me some of the top memes like doge or shiba have special use cases so I think they will still be sustainable in the market even if Elon manipulates them.

[rokok lokal]

If we follow the popularity of meme coins is mostly driven by social media and online communities. While Elon Musk's tweets certainly caught the attention of the Doge coin, other meme coins have also gained popularity in similar ways.

The success of meme coin does not depend solely on the influence of one person or entity. Other factors such as the overall market sentiment, the technology behind the coin, the strength of the community supporting the project, and other external factors can also play an important role in determining the success of a particular crypto asset.

It is also possible that without Elon's influence, meme coins will also get a lot of mainstream attention, but it is important to remember that the crypto market is constantly evolving and new trends can emerge quickly.

[beerlover]

Dogecoin have been stayed on top 10 coins before Elon Musk joined cryptocurrency world, so either Elon Musk support meme coin or not, meme coin is always a meme coin. At the end all of them will become a dead coin, it's just used to make quick profit by taking advantage over pump and dump. So if you're looking to invest for long term prospect, you're better to stick with Bitcoin.

Are you entirely sure about that? I can promise you that back in 2015 it was definitely a top 10 one because there weren't really that many which was great. But if you read this article you will see the truth; https://cointelegraph.com/news/dogecoin-ranks-among-top-10-crypto-assets-for-first-time-since-2015.

As you can see it is top ten ranked in 2021 and it hasn't been in top 10 from 2015 to 2021, which is 6 years. Hmmm, what has happened in 2021 that made it go up that way? of course Elon did. So if you ever question that Elon wasn't the reason why it went up, just reopen this article and ask yourself is that true or not and stop convincing yourself that its anything else.

[AmoreJaz]

Dogecoin have been stayed on top 10 coins before Elon Musk joined cryptocurrency world, so either Elon Musk support meme coin or not, meme coin is always a meme coin. At the end all of them will become a dead coin, it's just used to make quick profit by taking advantage over pump and dump. So if you're looking to invest for long term prospect, you're better to stick with Bitcoin.

Are you entirely sure about that? I can promise you that back in 2015 it was definitely a top 10 one because there weren't really that many which was great. But if you read this article you will see the truth; https://cointelegraph.com/news/dogecoin-ranks-among-top-10-crypto-assets-for-first-time-since-2015.

As you can see it is top ten ranked in 2021 and it hasn't been in top 10 from 2015 to 2021, which is 6 years. Hmmm, what has happened in 2021 that made it go up that way? of course Elon did. So if you ever question that Elon wasn't the reason why it went up, just reopen this article and ask yourself is that true or not and stop convincing yourself that its anything else.

let's admit the fact that Elon really did contribute in the rise of popularity of doge among the users, even noncrypto users. but before, we are enjoying very cheap tx fees from doge, hence, a lot of old crypto users are using this old meme coin mainly for transfer purposes. as it is available in most trading platforms, you can use this coin for such purpose. however, when its price went up, and so its tx fee. there are now other alts that are cheaper than doge. and now, doge becomes like an investment coin, for the reason that holders are hoping that one day, it will pump again just like whenever Elon is mentioning it in his tweets.

[DeathAngel]

I am wondering what the fate of projects like Volt inu, Baby Doge and other meme coins would have been if Elon Musk never supported Doge coin, would Shiba inu ever made it to top 20? What would have happen to meme coins? Will there ever be any if Elon never existed?

Doge was the original meme coin which was originally started as a joke. I don’t really know why Elon backed it so much, I think he just enjoyed the love he got from the community & he’s a little bit of a troll. Doge will never go mainstream & be a means of payment in the real world.

I don’t think SHIB & the lesser known meme coins would have done as well without Elon pumping & shilling it no. Lots of people who invested in them made a lot of money, they can definitely be thankful to Elon for his part in the success of these coins.

[Natalim]

I am wondering what the fate of projects like Volt inu, Baby Doge and other meme coins would have been if Elon Musk never supported Doge coin, would Shiba inu ever made it to top 20? What would have happen to meme coins? Will there ever be any if Elon never existed?

Doge was the original meme coin which was originally started as a joke. I don’t really know why Elon backed it so much, I think he just enjoyed the love he got from the community & he’s a little bit of a troll. Doge will never go mainstream & be a means of payment in the real world.

I don’t think SHIB & the lesser known meme coins would have done as well without Elon pumping & shilling it no. Lots of people who invested in them made a lot of money, they can definitely be thankful to Elon for his part in the success of these coins.

It was a surprise how Elon Musk do it but never I think this will never happen again unless he really has to play the crypto market and give favor to the investors. However, in the case of Shiba Inu and other meme coins, that is somewhat hard to believe that it shows a huge pump. They are useless projects in general and have no reason to see the bullish nor EM would love to do it.

I don't give hope to the people but of course, I don't stop them either. Yet they must also know the risk of buying these coins as it never gives any assurance for ROI.

[borovichok]

let's admit the fact that Elon really did contribute in the rise of popularity of doge among the users, even noncrypto users. but before, we are enjoying very cheap tx fees from doge, hence, a lot of old crypto users are using this old meme coin mainly for transfer purposes. as it is available in most trading platforms, you can use this coin for such purpose. however, when its price went up, and so its tx fee. there are now other alts that are cheaper than doge. and now, doge becomes like an investment coin, for the reason that holders are hoping that one day, it will pump again just like whenever Elon is mentioning it in his tweets.

Elon Musk is the driving force behind both Dogecoin's big surge and subsequent drop, which makes it challenging for the altcoin to recover stronger. Every time Elon Musk tweets about a coin, it quickly rises to the top of the bull market. He is a major market influencer and a "whale," and his investment in the coin by itself will propel it to new heights. He will withdraw when he has generated enough profits. Considering TRX is a moderator-abandoned project and the trends won't catch up with it any time soon, I don't see any solid future in TRX.

[Luffygroove]

Elon Musk, I believe, had a huge influence in the emergence of Dogecoin by introducing it to the mainstream and creating enthusiasm around it. But, I believe that the success of meme coins is mostly due to the community's enthusiasm and capacity to generate FOMO, which leads to increased demand and higher pricing. Shiba Inu, a meme coin, is following in the footsteps of Dogecoin by capitalizing on the enthusiasm surrounding the meme coin market. While the technology underlying these currencies may not have a specific function, their popularity and success are driven by the community's enthusiasm and excitement.

[BobK71]

I am wondering what the fate of projects like Volt inu, Baby Doge and other meme coins would have been if Elon Musk never supported Doge coin, would Shiba inu ever made it to top 20? What would have happen to meme coins? Will there ever be any if Elon never existed?

Meme coins usually grow through a hype. And Elon Musk is the big support behind these two coins Doge Coin and Shib Coin. Investors have a good belief that he is the owner of these coins, even if he is not. If Elon Musk doesn't doesn't support then all these coins will have a big impact because they have no product of their own. Nothing stands out except the hype. Although Shib Token Authority has been introducing some products in the market in recent times, they have not been effective so far. Moreover, we all know that the price increase of these coins ‍ are possible only because of Elon Musk.

[LogitechMouse]

I am wondering what the fate of projects like Volt inu, Baby Doge and other meme coins would have been if Elon Musk never supported Doge coin, would Shiba inu ever made it to top 20?

Meme coins in general doesn't have any use case at all... or I should say that DOGE has a use case while SHIB?? I don't know if there is any at all. SHIB just increases on it's rankings because of Elon Musk hyping it. Surprisingly, it stayed on the top in terms of market cap for an unknown reason.

What would have happen to meme coins? Will there ever be any if Elon never existed?

Most of the meme coins will die like what always happen.

They hype of memecoins was when Elon hyped DOGE and SHIB. After that, lots of memecoins emerged. Some are scam, some are just useless, worthless shitcoins. Some become deadcoins, and some have been abandoned by their developers. Anyway, even without Elon, DOGE has always been at the top for a long time already. It has been on the top 100 in terms of market cap.

[isaac_clarke22]

I am wondering what the fate of projects like Volt inu, Baby Doge and other meme coins would have been if Elon Musk never supported Doge coin, would Shiba inu ever made it to top 20? What would have happen to meme coins? Will there ever be any if Elon never existed?

Holy crap, I can even recall similar coins like Star-something Inu that I saw just here couple of months ago. People are really milking the crap out of these meme coins to drought huh.

If Elon was not a celebrity, there would be obviously nothing to pumped about these meme coins. Look at the price of Doge in the early 2021. That massive rise is not really normal in just almost less than a week. Well we obviously know where the pump originated, right?

[Kelvinid]

Death, what do u think is gonna happened?

That's too harsh mate, but I see it as well. They are one os those thousands of shitcoins that just only become life when there is someone playing it and it eventually just dies then when it ends.

Make one single green and then downtrend until the ground while all-people already cannot sell anymore due there is not enough liquidity or volume trading anymore. It's only using HYPE & Name Dog Only.

No-use case at all.

This is the reason why I was skeptical of these projects. Though I was amazed at Shiba Inu before but can't neglect the part that it was a no-use case which is really worrying when drops come as it was pretty hard to recover or the worst it will die.
If we look for investment, we better make choose of potential coins that already have an overwhelming performance and are continuing to grow despite the bear condition.

[robattfield]

I am wondering what the fate of projects like Volt inu, Baby Doge and other meme coins would have been if Elon Musk never supported Doge coin, would Shiba inu ever made it to top 20? What would have happen to meme coins? Will there ever be any if Elon never existed?

What I witnessed about the token meme was one of the multi-tiered patterns in the market that were subtly disguised.
The information hype with them, everyone rushes to see the profits come fast and big, it's like playing the lottery, if you're lucky you will receive a huge amount of money right away.
And the greed of every market participant was pushed up even more when a bunch of crap was created, I'm not personally a fan of these things, but if these memes show value I still support them, not only at the meme criteria but it needs to change the development plan, I think the number of projects that need to change their strategy to adapt to the market otherwise they will just be dead project.

[kevindjunaidi]

I am wondering what the fate of projects like Volt inu, Baby Doge and other meme coins would have been if Elon Musk never supported Doge coin, would Shiba inu ever made it to top 20? What would have happen to meme coins? Will there ever be any if Elon never existed?

I think if Elon Musk never supported Dogecoin (meme coin), then of course no meme coin would appear, because meme coin started to appear and become popular as a result of Elon Musk tweeting about Dogecoin and supporting Dogecoin, so that makes a lot of new meme coin that are popping up, therefore in my opinion investing on meme coins is very high risk.

[abel1337]

I am wondering what the fate of projects like Volt inu, Baby Doge and other meme coins would have been if Elon Musk never supported Doge coin, would Shiba inu ever made it to top 20? What would have happen to meme coins? Will there ever be any if Elon never existed?

I think if Elon Musk never supported Dogecoin (meme coin), then of course no meme coin would appear, because meme coin started to appear and become popular as a result of Elon Musk tweeting about Dogecoin and supporting Dogecoin, so that makes a lot of new meme coin that are popping up, therefore in my opinion investing on meme coins is very high risk.

It's obvious that Elon Must did bring a new life to Doge, He did make ruckus about him having it and bringing a some celebrities in investing in doge which make it on a snowball in up trending it's price. This affects the meme coin popularity and we saw that new meme coins where born like ShibaInu which also made a big impact in cryptospace last bull market. Elon Musk just simply open a new trend in the market and people want to be part on it as an "influencer" promotes a coin which made a heavy impact in the market. At that time, There aren't that much influencer in the space but after Elon Musk promotes DOGE, A wave of influencer entered the market.   

[Fesatmas]

I am wondering what the fate of projects like Volt inu, Baby Doge and other meme coins would have been if Elon Musk never supported Doge coin, would Shiba inu ever made it to top 20? What would have happen to meme coins? Will there ever be any if Elon never existed?

I don't think there will be as much hype in 2021 about coin memes, Elon Musk was in the center of attention at that time because he was the richest person in the world in 2021 with his company, it was because of that name that the Doge coin meme became an attraction because the status of the richest man was attracted on coins that do not have utilities that are really useful in the running of a network and market needs.
I think about the presence or absence of a meme coin if there wasn't Elon, in my opinion there would have been but it wouldn't have been as hype at that time, like shiba inu which is one of the coin memes that has a large community and is still in the top 20 cmc it seems began to fade and was not noticed anymore even though the shibarium issue was about to be released.