How can I understand meme coin good or bad position?

[darewaller]

Yes memecoins has no dedicated use case but they are a hot trend on crypto at the moment. People love something new and unique, though some copy projects too have faired well like Shiba Inu. The basics comes down to the advertisement and size of the community. Both of which would bring more talks and potential buyers. For the meme coin to be successful, it should be able to engage the community around it for a long time. Though I missed PEPE, I'm already into Pepemo.

It is true that meme coins once in a while get the spotlight and that is when we see those coins giving huge profits, but this is so sudden and so unpredictable that no strategy can be made to take advantage of it.

The only ones which can do so are the ones that are interested in those coins and invest in them all the time, but this has the drawback that other than during the time there is a huge hype around those coins the rest of the time the performance of those coins is dismal, and if that is the case then making money with them is a huge challenge unless you happen to select the right meme coin and invest in it when it was cheap.

Maybe if we can apply the strategy that we did on our previous investment we can also benefit from these meme coins? Strategies like researching and entering too early if you think that meme coin is unique and different from the others.

Yes, you heard it right. Even the meme coins can upgrade too. Some of them are trying to develop something useful apart from the usual money grab. Other crypto has their own drawback too. If there is a bear market, no strong crypto can withstand its effect but this was only for temporary. When there is a bull run they can still recover what they have lost and they can become stronger than ever.

[Dessy88]

Actually collecting profit from meme coin is a surprising phenomenon because some number of people get good profit from this meme coin but most people take loss here. If a meme coin enters the best exchange then you can trust it. But if they don't do any development activities then you have to understand that they are scammers. Many meme coins are operating staking system and they charge big money as reward which is really tempting risk.

[yazher]

Actually collecting profit from meme coin is a surprising phenomenon because some number of people get good profit from this meme coin but most people take loss here. If a meme coin enters the best exchange then you can trust it. But if they don't do any development activities then you have to understand that they are scammers. Many meme coins are operating staking system and they charge big money as reward which is really tempting risk.

This is because when they see the successful stories of those people that invested in the Doge coins, they thought the same when some of these new meme coins were first introduced to the public and money people are aware of their existence and also the cheap price helps a lot to gather huge numbers of investors at that time that's why the price suddenly rise, and many people are also successfully gain a decent amount of income because of it. You can even judge the coin by its usage because sometimes meme coins like these are in huge advantage compared to some coins that have a real purpose in the world.

[o48o]

Actually collecting profit from meme coin is a surprising phenomenon because some number of people get good profit from this meme coin but most people take loss here. If a meme coin enters the best exchange then you can trust it. But if they don't do any development activities then you have to understand that they are scammers. Many meme coins are operating staking system and they charge big money as reward which is really tempting risk.

This is because when they see the successful stories of those people that invested in the Doge coins, they thought the same when some of these new meme coins were first introduced to the public and money people are aware of their existence and also the cheap price helps a lot to gather huge numbers of investors at that time that's why the price suddenly rise, and many people are also successfully gain a decent amount of income because of it. You can even judge the coin by its usage because sometimes meme coins like these are in huge advantage compared to some coins that have a real purpose in the world.

You can see the same effect with lottery winners. When people hear interviews of every lottery winner, they lose the sight, that most of the people who play that game haven't won anything. And if you interviewed those losers, you couldn't probably watch 1% of those interviews in your lifetime because of the time it would take.

There can be only so many people who buy the bottom before the price starts to rise and you will be part the rest of the people who did invest during the peak, and can now only hope for new peak.

[wxa7115]

You can see the same effect with lottery winners. When people hear interviews of every lottery winner, they lose the sight, that most of the people who play that game haven't won anything. And if you interviewed those losers, you couldn't probably watch 1% of those interviews in your lifetime because of the time it would take.

There can be only so many people who buy the bottom before the price starts to rise and you will be part the rest of the people who did invest during the peak, and can now only hope for new peak.

This is a very simple concept and yet people hardly get it, it is as if they do not understand cause and effect, if someone invest 10 dollars in a meme coin and then they sell their coins for 1k then those 990 dollars in profits had to come from other people.

Then it is easy to see that in order for a single winner to exist there needs to be a huge number of losers, and despite the odds being so bad every single person investing in those meme coins believe they can be part of the winners.

[khiholangkang]

You can see the same effect with lottery winners. When people hear interviews of every lottery winner, they lose the sight, that most of the people who play that game haven't won anything. And if you interviewed those losers, you couldn't probably watch 1% of those interviews in your lifetime because of the time it would take.

There can be only so many people who buy the bottom before the price starts to rise and you will be part the rest of the people who did invest during the peak, and can now only hope for new peak.

This is a very simple concept and yet people hardly get it, it is as if they do not understand cause and effect, if someone invest 10 dollars in a meme coin and then they sell their coins for 1k then those 990 dollars in profits had to come from other people.

Then it is easy to see that in order for a single winner to exist there needs to be a huge number of losers, and despite the odds being so bad every single person investing in those meme coins believe they can be part of the winners.

identifying meme coins is very difficult, the main benchmark for assessing is how many communities and market caps are also the development of the token, it can be relied upon when compared to other meme coins.
 
In the mechanism there are those who profit, then there must be losses, those who are profitable buy it early and those who lose are those who buy at the end of the price increase which in the end freefalls again when people have thrown away their coins, that's how they work.
The probability of a meme coin is very small, of course you have to pay attention and be careful, don't use money that shouldn't be invested there.

[cute nmp]

Memes coin don't have any much value there are mostly Pump and dumb. You have to be very careful on when to buy or sell otherwise you will lose alot of money. I will advise you to buy tokens from good projects that have a very good concept ,Also make good research before investing in any project cause the crypto-market can be very volatile.

[I_RodimusPrime]

There are no good or bad meme coins. it's pump when there is a hype and it's down when the hype down. When meme coin pump in hype people called to good meme coin and when whales exit from it and it's bleeding to hell people called it scam or bad coin don't invest. 

[Altryist]

This is because when they see the successful stories of those people that invested in the Doge coins, they thought the same when some of these new meme coins were first introduced to the public and money people are aware of their existence and also the cheap price helps a lot to gather huge numbers of investors at that time that's why the price suddenly rise, and many people are also successfully gain a decent amount of income because of it. You can even judge the coin by its usage because sometimes meme coins like these are in huge advantage compared to some coins that have a real purpose in the world.

But there are a huge number of meme coins, and no one knows which one of them can go to the moon. In my understanding, to benefit from a meme coin is like trying to win the lottery, the chances are very small, even if you buy every meme coin with the hope that one of them will make you rich, this may never happen but you will spend a lot of money on buying unnecessary shitcoins.

[nur1labs]

meme coin made for play only so if that have value up to the holder. anyone have it and play as joke or have value. but sometimes like doge coin even that meme it's have value as we can using as third party transaction using. So far meme coin is for fun.

[fzkto]

meme coin made for play only so if that have value up to the holder. anyone have it and play as joke or have value. but sometimes like doge coin even that meme it's have value as we can using as third party transaction using. So far meme coin is for fun.

It seems to me that any altcoin can be used for transactions. Probably among meme coins doge is more suitable for this, because it is not a token and has the lowest commission. But still it is really coins or tokens created for the joke, so it has the least value in the cryptocurrency market. I never consider such coins for investment.

[Xal0lex]

I believe there is no way to find out whether a meme coin is good or bad. If Binance were adding MEME coins daily, we could have said that you can buy them and take the risk. However, MEXC is not a top-tier exchange, so I don't trust the frequent launch of new meme coins. If you are very lucky, you might make some profits, but most of them won't rise significantly, and after some minor movements, they may become stagnant. Once a MEME coin experiences a pump, don't expect it to pump again; greed might lead to losses as the chances of that happening are high. Overall, I would advise not to rely on any guarantee regarding meme coins, as they may pump beyond imagination but also involve a substantial risk when holding them.

I agree that there is no tool that reveals whether the memcoin in front of you is good or not. The only option to buy a good memcoin is to buy everything. With dozens of new memcoins hitting the market every day, the probability of hitting a gem the first time is slim to none. I understand why many investors suddenly have these questions in their heads, FOMO does its thing and makes you look for something that doesn't exist in nature. Any indication of whether a coin is good or not.  Memcoins are roulette, when people come to a casino, it's not like they are trying to ask what number on roulette is good and what is bad. It's all absolute randomness, just like in the case of investing in memcoins.

[barhavsky]

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

it is very difficult to know which meme coin is in a good or bad position, because investing in meme coin is like you are gambling, if you are lucky then you will get a profit, but if you are unlucky, then you will lose your money, so my advice is if you want to invest in meme coin, so it's better for you to invest when the meme coin is hype and of course when you get a profit, it's better for you to sell it immediately and don't be greedy, because when the hype is gone, then the price will go down and it can make your money disappear, so if you are not ready to lose your money, then you better not to invest in meme coin.

[Ziskinberg]

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

it is very difficult to know which meme coin is in a good or bad position, because investing in meme coin is like you are gambling, if you are lucky then you will get a profit, but if you are unlucky, then you will lose your money, so my advice is if you want to invest in meme coin, so it's better for you to invest when the meme coin is hype and of course when you get a profit, it's better for you to sell it immediately and don't be greedy, because when the hype is gone, then the price will go down and it can make your money disappear, so if you are not ready to lose your money, then you better not to invest in meme coin.

Perhaps, they are not good anyway. Meme just got attention and become famous because of its hype and massive growth of investors, yet they are just taking advantage of the hype and then leaving after. In this situation, we can never say meme coins are suitable for long-term investment nor it was good at it as they are not potentially profitable long-term. Well, we can see they are famous these days but sooner or later, it will turn down and there is new sets of projects that will rise and make another hype.

[wxa7115]

it is very difficult to know which meme coin is in a good or bad position, because investing in meme coin is like you are gambling, if you are lucky then you will get a profit, but if you are unlucky, then you will lose your money, so my advice is if you want to invest in meme coin, so it's better for you to invest when the meme coin is hype and of course when you get a profit, it's better for you to sell it immediately and don't be greedy, because when the hype is gone, then the price will go down and it can make your money disappear, so if you are not ready to lose your money, then you better not to invest in meme coin.

Perhaps, they are not good anyway. Meme just got attention and become famous because of its hype and massive growth of investors, yet they are just taking advantage of the hype and then leaving after. In this situation, we can never say meme coins are suitable for long-term investment nor it was good at it as they are not potentially profitable long-term. Well, we can see they are famous these days but sooner or later, it will turn down and there is new sets of projects that will rise and make another hype.

For a very long time I assumed that meme coins will simply disappear and never heard about again, however of all the shitcoins we have seen over the years there is little doubt meme coins are the most successful and this has made them incredibly resistant.

With this in mind the people that want to earn some fast profits immediately think about investing in meme coins, and when there are so many people like that on this market that are willing to take their chances with those coins hoping to strike rich then the chances they will fully disappear are basically zero at this point in time.

[aseprebel]

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

Remember that meme coins are often highly speculative and volatile investments. They can experience rapid price fluctuations and may not have a long-term sustainable model. If you decide to invest in a meme coin, only invest what you can afford to lose.

[Rupok]

।Do a good coinmarketcap analysis to know which meme coin is in a good or bad position and see which meme coin is getting the most buys and what is their market volume.  And check well if they are in the top ten. Like doge is in the top ten in meme coin.  Few people get good profit from this meme coin but most people make loss here. MEXC is new meme coin and very few people among investors familiar with this coin I don't think it will be very good for exchange.  Meme coin lacks a lot of utility so its market value depends only on large investors.  Meme coin price never increases without a bull run.

[fzkto]

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

Remember that meme coins are often highly speculative and volatile investments. They can experience rapid price fluctuations and may not have a long-term sustainable model. If you decide to invest in a meme coin, only invest what you can afford to lose.

Mem coins are known for the fact that some of these have grown very much after listings on exchanges. But it is impossible to guess the right coin that will bring a huge profit. Usually the opposite happens, people lose money after buying such coins. I would not think about such projects at all, there are too many of them to guess the right one. It's like casino roulette.

[nur1labs]

meme coin made for play only so if that have value up to the holder. anyone have it and play as joke or have value. but sometimes like doge coin even that meme it's have value as we can using as third party transaction using. So far meme coin is for fun.

It seems to me that any altcoin can be used for transactions. Probably among meme coins doge is more suitable for this, because it is not a token and has the lowest commission. But still it is really coins or tokens created for the joke, so it has the least value in the cryptocurrency market. I never consider such coins for investment.

as fee is cheap i think not problem using this. that better you using big fee. well this up to people sometimes they using fee big even they got it with profit. sometimes people doing for cheap for profit big than other people got.

this up to condition if we assumed we trade or invest to foreign platform. then for withdraw we can using cheap coin for withdraw. one of popular is doge. even people said as joke coin.

[sulendra12]

How can I understand a meme coin's position in the current market? Is there any way to tell if it will be good or bad? I have seen MEXC exchange add many meme tokens daily. How to identify a good token from here?

It's the same with any coins in the market, but the main factor to determine if meme coins are in good or bad position by the hype. Because of most of the meme coins are getting attention because the hype of the memes and the assets suddenly getting a massive pump in a short time which makes the investors/traders are interested into this type of meme coins. Do your own research like usual with indicators and keep yourself update with the news because that's the most important one.