Memecoins Vs legit Altcoins in 2023

[tbterryboy]

Memecoins don't have any technological value, but at the current moment, the cryptocurrency market seems to be in great need of them.

The market was doing pretty well even before these meme coins and it will do perfectly fine even without them. So, I don't really think that the market is in any way in need of them. Because, when something is NOT adding any value to its own market then why that market needs them?

Their sudden appearance and widespread discussion are not coincidental; they are undoubtedly created by market makers to heat up the market and help it endure the winter season.

Nothing is coincidental, someone created a meme coin out of fun back in the day, and since it got significant success and became very popular, others thought why not try creating one and see what happens? And that's how the market started getting flooded with meme coins.

The important thing is, if you understand them, you can make informed decisions.

And how do you suggest one understands a meme coin? They don't offer anything, they don't offer a whitepaper since they are created out of thin air and don't provide any use cases to the community. What do you refer to when you say, "if you understand them"?

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[radjie]

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

It all started with the support of an influencer who was able to boost the popularity of Memecoin itself (Doge).  Many people take advantage of situations like this to create new projects in the hope that related projects can get the same support, and many investors have high hopes that if they invest in them they can get multiple profits, because Memecoin has become a major trend at that time

[JeffBrad12]

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

It all started with the support of an influencer who was able to boost the popularity of Memecoin itself (Doge).  Many people take advantage of situations like this to create new projects in the hope that related projects can get the same support, and many investors have high hopes that if they invest in them they can get multiple profits, because Memecoin has become a major trend at that time

i mean even without the influence of that influencers scammers will always find way to make shitcoin for the sake of draining other people wallet.
even it there's no trend about meme coin they'd make shit coin in other forms.
what matters most is the consciousness of those that trying to invest in these shitcoin hoping to flip their hundred dollars into millions because they are the ones that always becomes the target here.
moreover, the fact that there are people who knowing well how shit these shitcoins are and still speculating in it, just simply the reason why such pump and dump shitcoin exists in the first place.

[strunberg]

Its Simple.  Because memecoin is a shitcoin that was created without any essential purpose.  This means that if you have a little ability to create tokens, then you will be able to create memecoins.  Usage function?  certainly not.  It can only rely on the large community on the memecoin.  Like many people have to want to buy the coin for the price to increase.  That sounds funny to me.

[0t3p0t]

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?

Memecoin launching is increasing so much this year because developers and team don't usually need more time, money and effort in creating such coin. Seems like a plug and play thing and they just need a huge communtiy to shill. Memecoins are cheap so maybe all type of investors can hodl from a fraction of a coin to millions or even billions on their wallets. I can also see huge volume of trades on exchanges with memecoins.

[dansus021]

Most memexoins are just ponzi that will die one day. Although, not all. I do buy some to make profit and take them. And at times, I buy on exchange I use which is Bitget because they hardly list rug pull coins. So with that, I feel safe a bit.

Agree most of them were just created to make the developer of the coin rich. That is the main purpose of it, besides making fun of another coin hahaha. Early adopters should win especially when the big centralized exchange  start to listing them. Like happen in SHiba or PEpecoin

[Mehedi72]

Agree most of them were just created to make the developer of the coin rich. That is the main purpose of it, besides making fun of another coin hahaha. Early adopters should win especially when the big centralized exchange  start to listing them. Like happen in SHiba or PEpecoin

true. Even bedsides most of People want to make profit, sooner or later. People invest bnb, eth, btc only for profit, which is slow process as those altcoins won't pump dump randomly but meme coins does! Thats why people invest in memecoins and so memecoins are kind of trding coin now but I don't know why people take so much risk by selecting memecoin cause most of those were/are dumped and dead most of the time

[JeffBrad12]

Most memexoins are just ponzi that will die one day. Although, not all. I do buy some to make profit and take them. And at times, I buy on exchange I use which is Bitget because they hardly list rug pull coins. So with that, I feel safe a bit.

meme coin in general zero sum game where the early bird get the most of it, if given choice to invest in these two its no brainer to choose altcoin instead.
after all at least if it go down it will not go down easily to zero meanwhile meme coin once those that invest early are done dumping their coin i doubt it will
have any value left.
at worst the coin just got rugpulled or just simply losing it liquidity which means your money gone therefore always avoid meme coin if you can, the risk of losing money not worth the investment.

[serjent05]

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

Launching memecoins can give a developer less responsibility.  Since it is labeled as memecoins, developers if wanted can just not work on the real case of the coins since it is created as meme.  It can proceed with not promising anything but a pure speculative market.  These token are created not to be used for something but just for fun.  So this is way more worry-free for a developer.  This is the reason why many developers are lauching more memecoin this year.

[dansus021]

true. Even bedsides most of People want to make profit, sooner or later. People invest bnb, eth, btc only for profit, which is slow process as those altcoins won't pump dump randomly but meme coins does! Thats why people invest in memecoins and so memecoins are kind of trding coin now but I don't know why people take so much risk by selecting memecoin cause most of those were/are dumped and dead most of the time

It's like a gambling coin 

100000% agree like the other coin if you become early adoption of memecoin you will feel the craziness of memecoin that could pump the price of a thousand percent in a matter of day and sometimes the dev gives you staking services with annual of 100%+ APY to tempt new user to join the ecosystem.

[carlisle1]

Most memexoins are just ponzi that will die one day. Although, not all. I do buy some to make profit and take them. And at times, I buy on exchange I use which is Bitget because they hardly list rug pull coins. So with that, I feel safe a bit.

Agree most of them were just created to make the developer of the coin rich. That is the main purpose of it, besides making fun of another coin hahaha. Early adopters should win especially when the big centralized exchange  start to listing them. Like happen in SHiba or PEpecoin

Correct! if big exchange bite that meme project developer will continue to earn money, it's going to first come first basis for risky
investors to earn out from a kind of meme asset.

Those who enter last will suffer with huge losses since the value will surely fall hard after they bought their shares, a classic outcome that most
the time investor already knew it but they are willing to take that risk in hope that they'll going to earn if luck permits.

While conservative trader/investor will stay focus with good and quality asset, both long and short goals they will anticipate the small win
that the project can bring them.

[Ben Barubal]

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

       I believe that the meme coin season has not yet arrived; however, it may do so during the upcoming bull run, at which point many individuals may find themselves suddenly rich thanks to these currencies, which are universally known as shit coins.

       Similar to what happened with Pepe Coin, many people argued that the money of investors who purchased it would be a waste.
However, when the projects were just getting off the ground, those who purchased it made significant profits. In addition, many other listed altcoins outperformed Pepe Coin and were added to the top exchanges right away, like Binance, while the majority of other altcoins are still not listed on Binance.

[koang]

To the above we can add the rather low cost of meme coins/tokens in relation to “classic” altcoins. A very clear example of dishonest behavior by a meme coin developer is the example of PEPE. There is an opinion that the PEPE developer artificially influences the coin rate by buying or selling large volumes of tokens through dummies. Just yesterday, one of the users purchased PEPE in the amount of 390 ETH and several other users bought over a trillion PEPE.

Yep, Pepe dipping all day, no damn good news at all. No sign of mooning.
I'm glad. I dumped it long ago, and I moved on to better things.
But they are trying to pump back up so the dev can Dump the rest of their tokens. People like this make me sick.
Nothing good comes out of whatever money we got from this.
The dead project, shitcoin, pump, and dump. cashed out the pepe now.

[JahriMeayer]

thats greed when people want to flip their money into million of dollars they don't have the logic to think whether they truly gonna make it instead of losing their money

correct! There is not an issue if anyone aim/dream to earn huge money but the process of investing memecoins they choice, is wrong path to archive their goal. It is wrong to jump on memecoin investment when almost all memecoin turn into dust with short time. Hype is temporary but scam is kind of mandatory thing for memecoins and investor loss money most of the time cause a memecoin never get successful. Some may available in crypto industry but those are rare example.

[Xampeuu]

thats greed when people want to flip their money into million of dollars they don't have the logic to think whether they truly gonna make it instead of losing their money

correct! There is not an issue if anyone aim/dream to earn huge money but the process of investing memecoins they choice, is wrong path to archive their goal. It is wrong to jump on memecoin investment when almost all memecoin turn into dust with short time. Hype is temporary but scam is kind of mandatory thing for memecoins and investor loss money most of the time cause a memecoin never get successful. Some may available in crypto industry but those are rare example.

meme coin is not a place to fully invest, I think we only rely on luck in investing, therefore it is very necessary to be careful, don't just look at the increase many times over and we are tempted, after a high increase of course there is a worrying story afterwards. Therefore, self-control to think healthily is very necessary, namely by paying attention to good money management

[ShinyStarPrincess]

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 meme coins will increase post BTC halving. I am with some like $X $KEYS and $WSM via Bitget Swap

[Dr.Osh]

true. Even bedsides most of People want to make profit, sooner or later. People invest bnb, eth, btc only for profit, which is slow process as those altcoins won't pump dump randomly but meme coins does! Thats why people invest in memecoins and so memecoins are kind of trding coin now but I don't know why people take so much risk by selecting memecoin cause most of those were/are dumped and dead most of the time

It's like a gambling coin 

100000% agree like the other coin if you become early adoption of memecoin you will feel the craziness of memecoin that could pump the price of a thousand percent in a matter of day and sometimes the dev gives you staking services with annual of 100%+ APY to tempt new user to join the ecosystem.

It's just that many people continue to be addicted to meme coins. Even when they know the risks of owning meme coins, they still do it. In fact, quite a few of them are holding onto meme coin in the long term, and hope that it will have the same development as doge coin. Well, it's like gambling, because even the coins don't have clear information, they still try to exploit it.

[VFalcon]

I agree, there are really a lot of memcoins out there right now and they attract a lot of money quickly while having no stability because of which people can lose money instantly. I would prefer stable projects that have proven themselves, like TFS token or the first 50 tokens on the market

[sulendra12]

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.

Once certain thing went viral, every projects will try to copy-cat and make the same thing like the viral projects one so people would definitely to try their luck to invest on new projects. Although in this case especially memecoins, most of memecoins project out there are just pure garbage and not worth to look at.

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

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.

[JahriMeayer]

meme coin is not a place to fully invest, I think we only rely on luck in investing, therefore it is very necessary to be careful, Therefore, self-control to think healthily is very necessary, namely by paying attention to good money management

do you know any memecoin that got successful in this year 2023, except pepe? If you ask me, i don't know although i saw large number of memecoin already launched in this year. Which means your investment will be lost with memecoins or somehow you just need to be super lucky to invest on a successful memecoin. People actually want huge profit within little tomey period and so they choice memecoin as a way but at the end, they loss more than gain.