Memecoins Vs legit Altcoins in 2023

[TelolettOm]

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.

2020-2021 were the hype of meme coins, it was when Dogecoin became very popular because Elon Musk campaigned it. Since Dogecoin was popular, we saw too many meme coins at that time but most of them just end up with nothing. Many of them were scams, some failed to develop because they have no longer demands on the market. So, I don't think this year will be the hype of meme coins because there are many people who feel disappointed with meme coins. Sure, as the name of meme coins, it have no strong fundamentals, they no clear plan in the future. That's why we know that it is not recommended to invest in meme coins.

Anyway where do you get the stats that there are 8 meme coins projects of 10 current projects? If it is related to the new projects in this forum, I assume we have more AI projects than meme coin projects.

[tengui]

because since BONK and PEPE appeared meme coins have become hype. it's like crypto gaming or web3, I mean before the coin meme hype like currently crypto gaming and web3 also had this kind of hype and many new projects came up with such a concept. I think it's just seizing the moment and won't last long.

[QueenVera]

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?

Many new projects getting launched aren't legit they're scammers taking advantage of the memecoin hype to launch fake project to scam people that'll fall for their tricks. We're about to enter the bull market season so scammers are launching memecoin to trick people that are believing they'll make a lot of profits if they invest in the new memecoin since other memecoin gave profits.
We'll likely see more increase in memecoin getting launched both the legit ones and the ones created mainly to scam investors. I'll trust only the memecoin on Binance exchange as Binance exchange won't list scam coins as that'll spoil their reputation. As we're still in bear market, they'll still low that if I buy them now I can make big profits when the bull market starts as coins are pumping.
Also it's because of the success of Dogecoin, Shiba Inu, floki and the rest of other successful memecoins that's why more meme coins are getting launched. Investors are looking for the next meme coin so they're investing in everything relating to meme coin that's why more are getting launched both the legit ones and the ones created to scam investors by scammers.

[Cryptozaika]

A lot depends on the capitalization of the coin. The more capitalization of the coin the more stable it becomes.

[coin-investor]

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?

There are many who made profits from these meme coins and these are the developers and early investors, meme coins is the new Ponzi scheme the early investors are the one making money these meme coins promote that they are the next Dogecoin and Shiba Inu, they use shill marketing and FOMO because they have a model for this, like Dogecoin Shina Inu and now Pepe coin, whatever the trend now expects a lot of new trend coin flooding the market, investing in MEME coin is high risk now, because of the many investors losing their money, there's the possibility that they are not going to support these coming ne Meme coins.
So be aware on when this going to end.

[avp2306]

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?

Because for some people its easy to create a shitcoin without anything to introduce and just build a hype then you good to go. But that doesn't mean that a project have whitepaper and roadmap is not scam since this is still rampant even these days, but its just its easy to launch a meme coin that's the reason why we see a major increase especially at the moment meme coin gather big hypes due to recent success accumulated by some of these projects.

[Huppercase]

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?

There is nothing spectacular about memecoins, they are just another phase of ICO time when everyone with coding knowledge of javascript and Evm, which were looming in Ethereum chain back then, people loves to move from where there is money to another and that is what 100% meme coins are all about, check all of them that has been launch over the last year and early 2021, it is only doge and Shiba that is still relevant till today and I think Shiba isn't as hot as before.

The reason why there has not been reduction on the launch of meme coins is because there has not been another trends investors can make money from, they will stay here and continue to launch worthless project without any use case than do something tangible, be looking out on halving I'm very positive about new trend and watch how they move and abandon all the meme coins just how they abandoned ICO projects in the past.

[posi]

What do you think? Why memecoin launching is increasing so much in this year?

Because everyone wants to make money fast, people prefer gambling to get rich rather than serious investment, so meme projects will remain a hot trend in any market stage. It can be said that it is the needs of investors that help meme projects grow more every day.

Investing in memes is risky but exciting because if you're lucky you can change your life quickly. Meanwhile, if you invest in bitcoin, you need to hold it for a long time to get a profit, but it is not guaranteed to bring you big profit. The higher the profit, the higher the risk, everything is proportional to each other, so depending on the needs and preferences of each person, there are different options.

[isaac_clarke22]

-

I don't think that meme coins launching will simply stop, and as you have said, it's been growing in the last couple of years. And the reason simply is,

This meme coins are a magnet for easy money, I mean the developers can launch it and just used the social media to create a hype and then investors suddenly flocking in hope on a easy money profit. Admit it or not, this has been the formula ever since. The thing is that many noobs are also thinking this way so they might join the meme coins craze. Unfortunately, if you don't know how the game is played then they might lose their money and they could be the victims in the long run. So for me it's not advisable specially if you are a newbie to just follow meme coins and invest and then hope that you will get x10 or higher profits.

To be fair, if I was like for a short-term only, I would prefer buying DOGE, SHIBA and every INU breeds out there and I would just sell it right away whenever the pump happens. Community-wise, they're going to get more attention rather than these technical altcoin with the exception of AI since it is continuing to be a relevant topic with the fear of it shaking the job market. Even by hyping it through social media might be an overkill depending on the meme.

Meme are going to be part of the internet as a culture and people need to accept that. It's just going to change overtime and same goes to how new meme coins get created. Even if it has no utility at all, it's like sort of a "culture token" like for fun-sies.

2020-2021 were the hype of meme coins, it was when Dogecoin became very popular because Elon Musk campaigned it. Since Dogecoin was popular, we saw too many meme coins at that time but most of them just end up with nothing. Many of them were scams, some failed to develop because they have no longer demands on the market. So, I don't think this year will be the hype of meme coins because there are many people who feel disappointed with meme coins. Sure, as the name of meme coins, it have no strong fundamentals, they no clear plan in the future. That's why we know that it is not recommended to invest in meme coins.

Anyway where do you get the stats that there are 8 meme coins projects of 10 current projects? If it is related to the new projects in this forum, I assume we have more AI projects than meme coin projects.

Well it's not really "campaigning" it more like just mentioned it. Many of his followers surely wanted to be like him so they joined the train hype to the coins he held. Even if you think that meme coins aren't going to be the hot topic this year, believe me, there were hundreds or maybe thousands of memes that already originated back around 2013 and some random bored guy out there would surely start it out.
Just a disclaimer that I am not an investor of a meme coin, this is just me putting myself into a perspective of an meme coin investor.

[Xal0lex]

Because everyone wants to make money fast, people prefer gambling to get rich rather than serious investment, so meme projects will remain a hot trend in any market stage. It can be said that it is the needs of investors that help meme projects grow more every day.

Investing in memes is risky but exciting because if you're lucky you can change your life quickly. Meanwhile, if you invest in bitcoin, you need to hold it for a long time to get a profit, but it is not guaranteed to bring you big profit. The higher the profit, the higher the risk, everything is proportional to each other, so depending on the needs and preferences of each person, there are different options.

That's exactly right. As long as people look at cryptocurrencies as a form of gambling, the market will continue to give birth to projects like PEPE, SHIB, etc. People will continue to lose money on this gambling, thinking that the whole crypto industry is a scam, but they will still be willing to participate in any dubious project that promises quick riches.  Crypto sector is good at playing on human greed and stupidity like no other.

[Jocuserious]

Sources start from an investor rushing to invest in meme coin due to sudden riches and all these campaigns started from the social media section. Moreover, most of the new investors are more interested in buying meme coin. But if every meme coin can keep their position in agreement with big investors then surely profit can be made there. Otherwise you can profit from good altcoins if you can collect them at cheap prices.

[bastian466]

It's no wonder that when something is trending, there are bound to be many imitators, in other words, they will follow in their footsteps. Currently there are many coin meme projects that have sprung up, it is the work of fraudsters who take advantage of this situation to attract investors, so it is not recommended to invest in projects that follow the trend

[wheelz1200]

A lot depends on the capitalization of the coin. The more capitalization of the coin the more stable it becomes.

There is no new altcoin memecoins that should even be in the same sentence with the word stable.  These coins, yes all of them, can nose dive at any minute.  The people creating them are just preying on the greedy people who will throw theor money into anything.  It's kind of sad

[milewilda]

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?

We know that when it comes to this market then we do really have that kind of different trend on which it would really be just that normal that meme coins does have its own trend and moment on which it would really be surpassing out the number of legit projects but there are some meme coins that would be heavily be supported and later on it did really make out that some kind of utility on which it do really ends up on being a not a meme coin anymore and just like on what we do see on SHIB and now that the current hype would really be on $PEPE which we might be seeing some another usecase if this one would be mainly supported and it would take a while for it to be sitting on the top in terms of value or whatsoever but of course everything is something that cant be sure because this market is always been that unpredictable and there's no way on knowing on what would be the teams next step when it comes to project progression. In investors point of view, then it cant really be avoided that putting up some investment on meme coins could really make you interest in, considering that pumps could really be leading up to 10x or even more on which if you do able to get in on the right time then you would really be finding yourself to be that rich but depending on how much you had invested though
but there are moments that even a few hundreds could really make out millions and this what makes people interested in on testing out on putting out some money on memes.

[Stable090]

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?

Coin without a use case, no white paper, no road map, and the funniest part is that people are still investing their money in projects like that, I see it as wasting of money, because even strong altcoins which are having clear and understandable road map and use case, I don’t trust them not to talk of meme coin that will just come from nowhere and after little hype, it’s going to disappear again.

I don’t really know what people that are investing in it are thinking, but seriously I can’t invest in meme coins, I don’t even trust even strong altcoins but we all know that they are better than all this meme coins we are seeing in crypto space currently, people investing in meme coins are taking a great risk, I will rather leave my money in bitcoin and watch it grow gradually than investing in meme coin that can wreck me at any moment. I don’t have to warn anyone from investing in meme coin because i notice most people investing in it knows the risk but they are just looking for quick money.

[Silberman]

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?

Every single year is full of meme coins being released, it is just that a great part of the community was not paying attention to them, however with the recent success of PEPE many investors decided to take a more detailed look at the many meme coins being released to try to find the next PEPE, and scammers know this and as such they have been trying to increase the visibility of their projects in order to attract naive investors and obtain massive profits for themselves this way.

[wheelz1200]

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?

2 reasons, people are dumb and people are greedy.  These projects are worthless and the only reason people put money into them because for some reason they think they are gonna get Rick quick off them.  They literally are just ponzis disguised as some sort of legitimate project.  Guaranteed in the long run everyone that puts there money in long term will end up rekt.

[albon]

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?

The matter is simply that there are Memecoins that were able to generate substantial investment returns for their investors, for example, Pepe coin, which is the frog currency; after the currency got immense hype and attracted investors and topped the Twitter trends, the currency made 7,500x as a considerable investment return in a few hours for its holders, where one the whales bought 1.82T Pepe coins for $20, After a few days, the value of the amount became $150K. When hearing these stories about Memecoins, most investors want to ride the wave of wealth and generate huge returns like this whale, so you find there are new Memecoins projects in the market that compete with other projects coins that exploded and gained fame in order to take their steps and attract the eyes of investors who dream of getting rich quickly, so yes, this year was the year of Memecoins. We saw many, many new Memecoins that occupied Twitter and famous sites of news.

[1] The story of one of Pepe's coin whales: https://twitter.com/ArkhamIntel/status/1648305703746936833

[lienfaye]

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?

Many investors are investing in meme coins to get rich quick, so due to the demand, it's not surprising why meme coins are increasing. They're all similar, the price can skyrocket depending on its hype and the people buying the particular memecoin.

Moreover, some investors are still never learned from their past mistakes. They tend to join the ride whatever the trend is hence even investing in meme is risky, they just ignore it hoping meme is the answer for them to have a huge profit even for a short period. Thus don't be surprise for the current happening, every opportunity to profit the devs and investors will take advantage it.

[wxa7115]

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?

Many investors are investing in meme coins to get rich quick, so due to the demand, it's not surprising why meme coins are increasing. They're all similar, the price can skyrocket depending on its hype and the people buying the particular memecoin.

Moreover, some investors are still never learned from their past mistakes. They tend to join the ride whatever the trend is hence even investing in meme is risky, they just ignore it hoping meme is the answer for them to have a huge profit even for a short period. Thus don't be surprise for the current happening, every opportunity to profit the devs and investors will take advantage it.

As mush as we do not like the developers behind those coins, if there was not a huge demand for meme coins now then they will not bother on creating more of them at all, even scammers value their time and if they thought that creating a meme coin was a waste of time then they will not do so.

However as we can see they are flooding the market with useless coins and they keep doing it as the demand for those coins remains high, despite the lack of fundamentals of those coins and the significant losses they cause to the majority of those which choose to invest in them.