jossiel
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June 04, 2023, 01:50:40 PM |
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What other factors do you think influence memecoin projects?
At most times, it's just all about the hype. Whenever a hype is made and there's the community, that passess on other communities and investors do come for the quick profits. I think it's no longer a secret that everybody knows. A project that has no use case, an unlimited supply but has got a community that's all about profiting and this is a common thing already. Knowing about the next thing depends on how good the PR or marketing of these meme coins. And that's where we're all buying it and makes a FOMO out of us.
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WalkerIVIV
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June 04, 2023, 02:03:44 PM |
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there's honestly no factors that influence meme project in general all of them are just pure luck, even their popularity was very random. if it's determined by innovation or whatever it is, surely it wouldn't be this random but the truth is these meme coin get popularity out of nowhere.
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huu78
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June 04, 2023, 02:33:08 PM |
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no one knows about it unless those who want to spread it tell the public. however no one will ever know.fomo will be visible when the project is about to release or pump.
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kryptqnick
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June 04, 2023, 02:46:35 PM |
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I still find it all too risky, even though some meme coins succeed. They aren't truly valuable, and being wrong can cost a lot. If it's backed by a celebrity, it doesn't mean the coin will moon because a celebrity could easily just be paid to promote a shitcoin. And if it's Elon Musk, you're already too late because if he said something, the coin already got its boost. IMO it's better to stick to Bitcoin, although I always though Doge wasn't bad (because it's been around for a long time and at least used to be very popular for gambling). I wouldn't buy it now, though.
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yazher
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June 04, 2023, 02:51:27 PM |
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such difficult question, even those with big capital aren't really sure, after all if someone knows how to figure out the next meme coin that gonna pump, surely they'd be millionaire by now. the key takeaway is that, you just don't know thats why some even advising to distribute the investment all over the potential meme coins.
The problem here is the multiple vast numbers of choices and you really need to have foundations on how to make research to find out which are the real big meme coins in the next months to come so that you won't going to waste your money by the time you choose to invest in it. It's really hard to choose because you are going to lose your money if you messed up and there's no way to get it back that's why there's a lot to check and to take note of when you decide to choose a meme coin and we know that they don't offer any innovative technology for the world's improvement so their coins won't gonna recover once it will crash one time unless they keep developing and updating their project.
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poodle63
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June 04, 2023, 03:02:41 PM |
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no one knows about it unless those who want to spread it tell the public. however no one will ever know.fomo will be visible when the project is about to release or pump.
that's it. It's all inside job. I don't even know how fast those people were buying it. It seems like that were spreading theri money or what? in my understnad that if meme coin is always unpredictable. Im thinking about if so many people were alsoo lucky enough to buy it as gambling.
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CapGelatik
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June 04, 2023, 03:49:43 PM |
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I think it's difficult to find the next pepe memecoin because in memecoin it's gambling, and one of the ways you can buy all the memecoins that appear on exchanges like Pancakeswap or Uniswap is just like what Justin Sun did, he buys all the memecoins and actually holds , if you win then 1000x can be achieved, and of course that is very risky.
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Wenbing (OP)
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June 04, 2023, 07:55:07 PM |
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I guess best way of knowing the next big meme coin is through just waiting for elon shill, you just never know which coin gonna get massive rally. I even sometimes think that it's all just pure manipulation by the whales and nothing more, after all, why the rally is so random, not because it's got some quality in it. but just because suddenly the price of these meme coin suddenly increase and the increase seems motivated and backed up by large capital behind it. i just couldn't wrap my head around how these meme coin could suddenly get such massive investment, maybe it's all just coincidence but honestly, we all here just speculating.
While this is a great point. Most traders use two fundamental metrics to trade crypto assets. 1. Elon Musk shilling post and 2. Whale tracking Knowing fully well Elon said the the most unlikely prediction could be the outcome.
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Wenbing (OP)
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June 04, 2023, 07:57:07 PM |
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I think it's difficult to find the next pepe memecoin because in memecoin it's gambling, and one of the ways you can buy all the memecoins that appear on exchanges like Pancakeswap or Uniswap is just like what Justin Sun did, he buys all the memecoins and actually holds , if you win then 1000x can be achieved, and of course that is very risky.
Is that what Justin Sun crypto strategy is? Well, the strategy that most people use is pulling off of the initials and then ride the rest. Doing so will help manage risk
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Wenbing (OP)
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June 04, 2023, 08:01:06 PM |
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there's honestly no factors that influence meme project in general all of them are just pure luck, even their popularity was very random. if it's determined by innovation or whatever it is, surely it wouldn't be this random but the truth is these meme coin get popularity out of nowhere.
I don't think people just get lucky. I think everything happens as a result of careful planning and strategising.
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yhiaali3
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June 04, 2023, 08:02:03 PM |
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The more ridiculous the project, the greater the spread (this is a joke of course), but unfortunately this is what meme coins are, there is no project or any goal or even a working paper, it depends on the media hype and society only.
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Huppercase
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June 04, 2023, 08:36:24 PM |
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In 2021 i wrote an article on medium and created a YT tutorial on how to spot a memecoin project that will become something. From that teaching, here are the two key factors to look out for.
Therefore in researching the next memecoin project to degen in, these factors should be your priority.
What other factors do you think influence memecoin projects?
I will tell you to be careful of meme coins. Have you check the history of last meme coins, they are down badly and nobody knows exactly when they will break all time high again because the hype is no longer there again, the investors that made money already left and the people that are left are only there because they are waiting for the next pump that will come so they can get out from the cage the previous investors left them in; meme coin is just a place where investors are trying to outsmart each other, there is nothing much happening in them, just pure hype without any good thing to show the world, look at Pepe and how it has crash from the vert first day Binance listed it on the exchange, stay safe my friend.
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cryptomaniac_xxx
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June 04, 2023, 09:20:54 PM |
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The more ridiculous the project, the greater the spread (this is a joke of course), but unfortunately this is what meme coins are, there is no project or any goal or even a working paper, it depends on the media hype and society only.
It's the hype of the project, as far as $Pepe goes, no one really knows until it was big already. So if you get lucky and know about this project early, maybe there are a good chance that you will invest on it, specially if you are into this meme thingy in the market, one hit wonders, but if you hit the jackpot, you will be instantly have big profit. For the majority, it's hard to see it, because we are not aware of the project itself in the beginning, or simply we don't like meme coins because we know that it is very volatile and just used for pump and dump. So there is no criteria for finding one, you just have to be at the right place at the right time, meaning you need to be lucky.
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steve5946
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June 04, 2023, 09:40:35 PM |
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In 2021 i wrote an article on medium and created a YT tutorial on how to spot a memecoin project that will become something. From that teaching, here are the two key factors to look out for.
1. Community:
It is community that gives speculative value to memecoin. So, the bigger and the cult-like a community is the better. It shows alot of the community will buy and create hype for the project.
2. Strategic Partnerships:
How is associated with the memecoin? If it's a notable influencer like Elon Musk, it'll moon.
Therefore in researching the next memecoin project to degen in, these factors should be your priority.
What other factors do you think influence memecoin projects?
Eventhough you have the list, we can't still predict the project that will soar high. Most of them are manipulated by whales. Yes, influencer and associated partnerships may help but not 100% guaranteed. For me, it is better to trade in a well-known exchange than to risk our money in the next meme coin. .. It's all on luck, you might predict a coin to boom and it will tank the next day. For instance, it's not everyone that knows about $pepe till it for big. This applies to other potential coins which will boom in the future. If you are lucky to invest in any of them you'll make money. But that doesn't mean it's because you know that it's going to boom, nobody does. It's just your prediction/guess playing a role.
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Ziskinberg
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June 04, 2023, 09:49:27 PM |
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Support from the community will easily pump the coin and this it happens to some of the meme coins like PEPE, Shiba, and Dogecoin. And aside from that they are good at hyping the project by using influential people to promote their project and the result is explosive. You can't just imagine how it changes the trend when someone who is known gives a statement to the public and many got its attention and put in their money. Now, most of investors these days are not aiming for the long-term, but they are looking for another gem, another hype that would easily brought them back their money and earn a profit in a short period of time.
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Psynthax
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June 04, 2023, 10:21:02 PM |
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like many have said, there's no sure way of knowing, but usually coin that is a meme coin which could give good returns always have many supporters and usually get massive rally at early phase, so you could judge which one of them have that characteristics that could help you determine which coins are actually gonna be the next big meme coin.
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o48o
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June 04, 2023, 10:29:32 PM |
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In 2021 i wrote an article on medium and created a YT tutorial on how to spot a memecoin project that will become something. From that teaching, here are the two key factors to look out for.
1. Community:
It is community that gives speculative value to memecoin. So, the bigger and the cult-like a community is the better. It shows alot of the community will buy and create hype for the project.
Cult like community doesn't happen at the start when you should invest in it. It comes after there are enough bag holders. 2. Strategic Partnerships:
How is associated with the memecoin? If it's a notable influencer like Elon Musk, it'll moon. Therefore in researching the next memecoin project to degen in, these factors should be your priority. What other factors do you think influence memecoin projects?
Did Elon tweet about pepe when it was worth buying? No. Did he tweet about dogecoin at the start? No. Pepe coin had anon team, and it didn't have partners that i know of. Obviously it had some heavy hitters on the team who could affect right influencers and whales but that's it. You couldn't have known it was going to be a hit, because you didn't know what happens behind the closed doors. I am not saying those are not good tips, they aren't just relevant for finding moonrocket tokens like PEPE.
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Palider
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June 04, 2023, 11:00:20 PM |
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The only way to know which one would be manipulated is by joining them, following their lead and be one of the contributors to increase the demand and make them richer. There are so many groups that give out signal to which coin to buy but I don't think that those kind of group could really give profit their followers since only the early investor could take profit of such tactic or strategy.
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Yatsan
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June 04, 2023, 11:33:49 PM |
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Impossible to determine. Also, won't be an advisable to approach to this industry 'coz all coins has potential and there's no guarantee that every coin to be released in this industry would have as high as with pepe's price increase. Memecoins, as we saw from other projects as well (SHIB, Floki, DOGE, and PEPE), their market prices fell after the release. Well, there are instances wherein price again increases but value does not again reach even 50% of its ATH. Problem is utility of a token which should sustain its market value for long term holding. Memecoins are reliant solely with public demand so if big investors won't want to, then no increase on its value will happen.
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Godday
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June 04, 2023, 11:44:58 PM |
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For me there is no sure way to view a memecoin. Memecoins are shitcoins. What gets them hype is the involvement of influencers who may have already taken advantage there
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