Memecoins Vs legit Altcoins in 2023

[Nazmul012]

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No it will not be full of memecoins, there are recently quite good projects out there but compared to the bad one is just ridiculously incomparable.

there are good projects too but meme projects are too much among those. Such thing is happening cause scammers finally understand that, people prefer meme projects more than others cause people can earn more money through meme project even early adoption of memecoin could make their capital raise up multiple time within short time period. So people don't care much about copycat or fake generated contain based memecoin but show their inter for holding

[ichsan ardi]

Before this year 2023, people were launching projects with whitepaper, roadmap and promote those projects with Their team. Memecoins were few but this year, situation is changed. Everybody is busy launching memecoins, no whitepaper, no roadmap. 8 projects are memecoin out of 10 projects.
 It seems, this year will be full of memecoins. What do you think? Why memecoin launching is increasing so much in this year?

I think why many memecoin projects have been launched because many people want to get rich quickly. I think one of the reasons many people buy memecoin and the memecoin project has been launched is because many people want to get rich quickly and this is like gambling. It's better for you to gamble rather than invest in memecoin. Advice from I should never invest but you don't know what you are investing in. Be a smart investor, no one gets rich quickly, everything requires a process

[Elpeor00]

The interesting thing is, memecoins have developed their own target audience, they aim to the guy who wants to "play the investor game" by buying maybe 5 or 10 bucks worth of the last memecoin and hopes to make massive profits in the pumps

That being said the line between memecoins and legit altcoins is a very thin one, a project may begin as a joke without a white paper or innovative characteristics, but by getting a big community behind it can find itself with more real use cases and better tech support than a project with proper development that simply fails to catch public attention and becomes nothing more than a low volume item in a few exchanges, in this sense Dogecoin, the archetypical memecoin, is among the most legit altcoins out there

[Essential10]

It seems, this year will be full of memecoins. What do you think? Why memecoin launching is increasing so much in this year?

I noticed that Memecoin, which is often driven by hype and social media trends. Nowadays the number of people in the online world has increased so much that the popularity of certain memecoins has increased based on online trends and social media influence. Due to the increase in social media population nowadays, some crooks are luring people. People mainly find cheap, since meme coins are cheap people are attracted there. Scammers often take advantage of this by promoting Meme Coin with false promises and hype, causing many people to lose their money. Overall, although MemeCoin may generate buzz and short-term speculation, it will basically sink everyone.

[Belarge]

I think why many memecoin projects have been launched because many people want to get rich quickly. I think one of the reasons many people buy memecoin and the memecoin project has been launched is because many people want to get rich quickly and this is like gambling. It's better for you to gamble rather than invest in memecoin. Advice from I should never invest but you don't know what you are investing in. Be a smart investor, no one gets rich quickly, everything requires a process

Everything to be achievable takes time, it's not easy on my end but I keep pushing to accumulates significant profits. Outsmart some projects because they're merely present to deceived investors and tricking them to invest in dump projects that will bring losses and regrets. Personally I create awareness of a project roadmap to my fellow colleagues that are in the space with me and provide solid information that will aides in building constructed background of knowledge in the system. Consistency is the key of milking the system, nothing good comes easy.

[sulendra12]

The interesting thing is, memecoins have developed their own target audience, they aim to the guy who wants to "play the investor game" by buying maybe 5 or 10 bucks worth of the last memecoin and hopes to make massive profits in the pumps

Most of them just want to earn quick money through meme coins but most of them you need to gamble to see which meme coin is better for your buck, but let's be real here the chance of you getting something on meme coins on first launch is really rare nowadays and most of the new meme coins out there are just the same for scamming people and run away with their money, so stay away from that.

That being said the line between memecoins and legit altcoins is a very thin one, a project may begin as a joke without a white paper or innovative characteristics, but by getting a big community behind it can find itself with more real use cases and better tech support

That's how they gather communities on memecoins, most of them know the memes and it's so easy to make them interested.

[carlisle1]

It seems, this year will be full of memecoins. What do you think? Why memecoin launching is increasing so much in this year?

I noticed that Memecoin, which is often driven by hype and social media trends. Nowadays the number of people in the online world has increased so much that the popularity of certain memecoins has increased based on online trends and social media influence. Due to the increase in social media population nowadays, some crooks are luring people. People mainly find cheap, since meme coins are cheap people are attracted there. Scammers often take advantage of this by promoting Meme Coin with false promises and hype, causing many people to lose their money. Overall, although MemeCoin may generate buzz and short-term speculation, it will basically sink everyone.

Though there are some who can earn from investing with meme project, but the majorities will fail, those who come in late will suffer from
huge losses since big bag holders already cashing out their profits.

You needed to work well with your DYOR if you are planning to throw some money with this kind of investment, but if you are not willing to take the big risk, it's better to invest with good asset mostly on the top rank projects.

Already high in value and volume but with growing community and continuous progress, the chance to see rising in value still possible.

[fzkto]

It seems, this year will be full of memecoins. What do you think? Why memecoin launching is increasing so much in this year?

I noticed that Memecoin, which is often driven by hype and social media trends. Nowadays the number of people in the online world has increased so much that the popularity of certain memecoins has increased based on online trends and social media influence. Due to the increase in social media population nowadays, some crooks are luring people. People mainly find cheap, since meme coins are cheap people are attracted there. Scammers often take advantage of this by promoting Meme Coin with false promises and hype, causing many people to lose their money. Overall, although MemeCoin may generate buzz and short-term speculation, it will basically sink everyone.

Though there are some who can earn from investing with meme project, but the majorities will fail, those who come in late will suffer from
huge losses since big bag holders already cashing out their profits.

You needed to work well with your DYOR if you are planning to throw some money with this kind of investment, but if you are not willing to take the big risk, it's better to invest with good asset mostly on the top rank projects.

Already high in value and volume but with growing community and continuous progress, the chance to see rising in value still possible.

Yes, it is better to invest in time-tested projects. But the main thing is that they should not be old coins that have already lived several cycles. Such projects will not give much profit. Although probably such an investment will be less risky.

[Samlucky O]

Before this year 2023, people were launching projects with whitepaper, roadmap and promote those projects with Their team. Memecoins were few but this year, situation is changed. Everybody is busy launching memecoins, no whitepaper, no roadmap. 8 projects are memecoin out of 10 projects.
 It seems, this year will be full of memecoins. What do you think? Why memecoin launching is increasing so much in this year?

They know that there are many newbie In the crypto space who don't have time to check such things, rather go for it without minding the risk invole, hoping for aasive pump, or parhaps they are ignorant and they will always fall for it.

[JUL00L]

Don't buy it and leave it, it only eats up your money, it's a trash project, even on Coingecko, of the 20k registered assets, only 5000 projects are still active, the rest are scams.

[john1010]

Before this year 2023, people were launching projects with whitepaper, roadmap and promote those projects with Their team. Memecoins were few but this year, situation is changed. Everybody is busy launching memecoins, no whitepaper, no roadmap. 8 projects are memecoin out of 10 projects.
 It seems, this year will be full of memecoins. What do you think? Why memecoin launching is increasing so much in this year?

Memecoins have become a dominant trend in the crypto space in 2023, surpassing many projects that have whitepapers, roadmaps, and teams. According to CoinMarketCap, there are currently more than 340 memecoins in circulation, with a total trading volume of over $2 billion.
However, memecoins are also highly speculative, risky, and volatile. They have no intrinsic value or utility, and their prices are largely driven by hype and sentiment. They are also susceptible to market manipulation, scams, and regulation. Therefore, investors should be cautious and not treat memecoins as a substitute for more established and reliable cryptocurrencies.

[Romeotom]

Memecoin wants to rule this year because there are lots of memecoins coming in but you should avoid these and invest in altcoins. If you invest in memecoin then the money should be kept in soup for a certain period of time because the market of memecoin is less strong. But if you invest in top altcoins you can sell anytime and get profit so always choose the best investment and time to keep your investment in profits.