What are Meme Coins?

[Hispo]

Am I the only one who finds it to be so ironic that in that picture they decided to include Terra (Luna) as part of their samples of meme coins?
Because, not long ago people had that coin in their minds as the ongoing revolution for stable coins and how it could even outmatch others like DAI, very serious business. Some months later, all is left is broken dreams, CEO under arrest, and three useless shitcoins: Terra classic, Luna classic and the fork. 

[1714690876]

1714690876

[Xal0lex]

There is nothing worse than buying memcoins on an unknown exchange. The risk of buying meme-coins is already high, and then some unknown exchange recommends to buy these very high-risk coins from them. Meme Coins are HYIP, pure and simple. I would not recommend to anyone to buy new memcoins, especially those which are listed only on decentralized and low liquidity exchanges, because they are more vulnerable to scam than others. DYOR.

[abralzain17]

Some people who only focus on memecoin will usually leave big losses if trading at the wrong time.
memecoin is a crypto that only increases in value when there are certain moments and memecoin hype seasons. the rest of the memecoins will be thrown away like dirt or not needed

[carrie_white]

My opinion is Meme coins are crypto assets inspired by memes and other viral online images. Although they operate similarly to other cryptocurrencies, they often exist solely to capitalize on momentum and have no clear purpose, their prices tend to be volatile and their success is often determined by the virality and support of the online community.

[coin-investor]

I don’t think any of them have a real future as a means of payment in mainstream finance. I do think that you can make quick money on them & get out ASAP into safer, more reliable investments though & that’s the aim for most meme coin investors.

Do your own research but there are opportunities out there to do very well in these projects. Just don’t hold them long term.

Dogecoin was just sitting there in the market waiting for a miracle to happen and its supporters are almost giving up because Doge is not really the kind of coin that can create an impact in the market, people are holding Doge back then for the memory.
Then a miracle happens Elon Musk the richest man on Earth suddenly shills Dogecoin and the rest is history, Dogecoin's position very much depends on Elon Musk's support, once he takes away that support everything on Dogecoin will end and I don't think we should add more meme coins in the market, it's a big joke if we have too many meme coins in the market when they are not bringing anything.

[Johnyz]

Some people who only focus on memecoin will usually leave big losses if trading at the wrong time.
memecoin is a crypto that only increases in value when there are certain moments and memecoin hype seasons. the rest of the memecoins will be thrown away like dirt or not needed

There’s a big risk dealing with the meme tokens, and I don’t suggest this if you are still not familiar with the market because anything can happen here, worst case scenario is to lose everything. Well, we have to be more careful when it comes to investing, memecoin is not safe at all and you have to remember as well that not all is worth to buy, most of them are just a scam token.

[albon]

Some people who only focus on memecoin will usually leave big losses if trading at the wrong time.
memecoin is a crypto that only increases in value when there are certain moments and memecoin hype seasons. the rest of the memecoins will be thrown away like dirt or not needed

Although there are large losses if the trader does not choose the correct time to enter and exit the meme coin deal, the gains are also huge in a way you cannot imagine. For example, as happened to the airdrop that some participants get from the $AIDOGE currency as they managed to turn $10 into more than a hundred dollars; this happened after the ArbDoge AI team distributed the airdrop and listed it in the exchanges such as MEXC and after the currency was deleted more than zero from its price. I am not interested in meme coins because they have no actual use, and their price can collapse in less than 24 hours, but really meme coins can create a lot of millionaires if the trader has a great experience.

[abralzain17]

Some people who only focus on memecoin will usually leave big losses if trading at the wrong time.
memecoin is a crypto that only increases in value when there are certain moments and memecoin hype seasons. the rest of the memecoins will be thrown away like dirt or not needed

There’s a big risk dealing with the meme tokens, and I don’t suggest this if you are still not familiar with the market because anything can happen here, worst case scenario is to lose everything. Well, we have to be more careful when it comes to investing, memecoin is not safe at all and you have to remember as well that not all is worth to buy, most of them are just a scam token.

when talking about risk, I think that not only in meme coins there is a significant risk, in altcoins there is also a risk if we are not careful in investing the assets that we have.
but because we know there is a risk in memecoin, it is better if before investing there we should be able to see opportunities for which memecoin to invest. I think when we can read the opportunity then maybe the risk is only a little

[Silberman]

Some people who only focus on memecoin will usually leave big losses if trading at the wrong time.
memecoin is a crypto that only increases in value when there are certain moments and memecoin hype seasons. the rest of the memecoins will be thrown away like dirt or not needed

There’s a big risk dealing with the meme tokens, and I don’t suggest this if you are still not familiar with the market because anything can happen here, worst case scenario is to lose everything. Well, we have to be more careful when it comes to investing, memecoin is not safe at all and you have to remember as well that not all is worth to buy, most of them are just a scam token.

Even if you are familiar with the market of meme coins it does not really matter, meme coins move in ways that are completely random and a coin that is basically a clone from another can pump while the other coin dumps, this happens because when it comes to those coins all what matters is the hype behind them, and there is no way to know beforehand which of those coins will convince a lot of people to invest in it and which one will fail at this crucial step.

[worle1bm]

They are quick profit making coins if you can because they have no potential to be termed as long term holding coins.We can take idea from their name only that what meme coins can really offer to us? They are just made up as a joke with huge supply and when they get in hype you can get short term profits but many holders loose money from it and whales are the one getting real benefits out of these memecoins.

[smyslov]

My opinion is Meme coins are crypto assets inspired by memes and other viral online images. Although they operate similarly to other cryptocurrencies, they often exist solely to capitalize on momentum and have no clear purpose, their prices tend to be volatile and their success is often determined by the virality and support of the online community.

To sum it up, you will eventually lose money investing in these memes, it all started with Elon, Dogecoin is nothing without Elon, and since he still supporting Dogecoin until this time, developers create hype on meme coins we are now in the meme coin period and these will stay as long as Elon support the very first meme.
I don't see the meme period being permanent, there will be a point where Elon will discard Dogecoin and it will eventually collapse the meme coins, just like all the hype coins in the past.
Hype coins are not permanent, because they are not bringing usage and innovation to the industry, and any coin that is without these two is bound to become a dead coin.

[Psynthax]

it's basically glorified zero sum game where you gonna make profit out of other loss, meaning it's just like gambling but you can always have the advantage over the fact that you're among the early birds. so basically it's also game of positioning, that's why investing in meme coin when it's already become hot is simply means you're gonna lose some of your money.

[fvb]

I have never bought such tokens and I am pessimistic about this. I don't and won't trust. It's my personal opinion. There is no sense and usefulness for the crypto community

[ichsan ardi]

meme coin is a type of cryptocurrency that is based on popular memes on the internet meme coin has a relatively small capitalization compared to other cryptos, but keep in mind cryptocurrency has speculative properties, especially memecoin, so before investing in memecoin it would be nice to do research first or invest in it on a small scale first so you don't lose a lot of your money according to my experience using memecoin in its own time so stay safe in making decisions before investing in memecoin

[isaac_clarke22]

~

LMAO HAHAHA. True it becomes annoying as fuck.
There were breeds, just like the OP listed, of meme coins in the market and I am quite annoyed that these coins still exists to this day, but I guess there are just some investors that are really into memes. I just recall a meme like PEPE that also had a coin and I believe that's like just a Twitch chat thing and just really an old meme also. Knowing that it has its own crypto coin just makes me wonder on why do these coins continue to exist.

[cryptoknightt]

His name has been nicknamed a meme, of course he is easy to rise and of course it is also easy to fall down. I think it depends on how famous the coin meme is picked up by other people or if the quality is really good. Don't judge coin memes wrong, it's possible that your coins or the assets you invest there can turn to ashes. be careful and learn

[colorinurcheeks]

you really didn't mention wow huh

[goaldigger]

His name has been nicknamed a meme, of course he is easy to rise and of course it is also easy to fall down. I think it depends on how famous the coin meme is picked up by other people or if the quality is really good. Don't judge coin memes wrong, it's possible that your coins or the assets you invest there can turn to ashes. be careful and learn

Meme tokens can pump and dump anytime, they are being controlled by the manipulators and as you can see on the last hype of Elon to DOGE, its price goes pump but then after that, there was a big drop as well. There’s already a lot of meme tokens, but only two of them is able to hit the big market, the rest are just a scam tokens.

[cryptoknightt]

His name has been nicknamed a meme, of course he is easy to rise and of course it is also easy to fall down. I think it depends on how famous the coin meme is picked up by other people or if the quality is really good. Don't judge coin memes wrong, it's possible that your coins or the assets you invest there can turn to ashes. be careful and learn

Meme tokens can pump and dump anytime, they are being controlled by the manipulators and as you can see on the last hype of Elon to DOGE, its price goes pump but then after that, there was a big drop as well. There’s already a lot of meme tokens, but only two of them is able to hit the big market, the rest are just a scam tokens.

I agree with your opinion, as I said, memes are still memes, without influential people they are nothing.

[Quickex Exchange]

His name has been nicknamed a meme, of course he is easy to rise and of course it is also easy to fall down. I think it depends on how famous the coin meme is picked up by other people or if the quality is really good. Don't judge coin memes wrong, it's possible that your coins or the assets you invest there can turn to ashes. be careful and learn

Meme tokens can pump and dump anytime, they are being controlled by the manipulators and as you can see on the last hype of Elon to DOGE, its price goes pump but then after that, there was a big drop as well. There’s already a lot of meme tokens, but only two of them is able to hit the big market, the rest are just a scam tokens.

I agree with your opinion, as I said, memes are still memes, without influential people they are nothing.

On the other hand, memecoins can also present opportunities for short-term gains. With a solid understanding of technical analysis and, in some cases, access to insider information, traders can potentially profit significantly from short-term price movements.