Are memecoins really important for the crypto market?

[Taskford]

I want to hear your opinion about memecoin in the crypto market:

• Do you support the existence of memecoin in the crypto market?
• Have you ever invested in memecoin? Which memecoin is that?
• Has your investment in memecoin brought you joy, profit or loss?

Yes, I really support the existence of memecoins in the crypto market because I think memecoins can provide a different color from altcoins in general and memecoins can compete with altcoins.
and I have held memecoins such as doge and shiba inu for some time, and both gave me great benefits.

The advantage of memecoins existance in the market is

It could able to create awareness to those people who doesn't know about crypto and they will be aware that memecoin and other altcoins exist.

Disadvantage is we all know that most of them are scam so it will be unfortunate for new people in the market will encounter such unfortunate situation since we might see them lost a lot of money for believing that memecoins could bring a lot of money to them, but its bad that the scamming is the one they experience from those memecoins.

People need to know that memecoins is so risky so invest only what they can afford to lose.

[avarnet]

I think meme coins are not very important for the crypto market, many other altcoins in the market have given many real advantages such as ETH which is the strongest, meme coins are just a game and a joke made in the crypto space. With so many meme coins appearing in the crypto market, almost polluting every market without any certainty, many people are tired of the current existence of meme coins.

[Godday]

The advantage of memecoins existance in the market is
It could able to create awareness to those people who doesn't know about crypto and they will be aware that memecoin and other altcoins exist.

Some of my friends got to know crypto because of the hype of meme coins. Meme coins usually have a strong community and therefore they also diligently promote them on social media. Compared to cryptos like Bitcoin or BNB which have many technical aspects, meme coins only offer to buy and wait for the price to rise and make a profit. Because of that, people became interested and after that they became aware of other cryptocurrencies that had more real use cases than meme coins.

[redsun114]

I mean aside from bitcoin and maybe ethereum, I do not think that anything is important for the crypto world, doesn't feel like it would be a must. Memecoins are of course not important at all, all the things they claim to do for the market was done before the meme ones to other stuff, they are not brining extra new money, and even if they do, then it is a small amount that is insignificant that would not be missed.

All in all, I believe that we should not be really considering them as important at all, we should consider them as something that is useless and just happens to be a bug in the system. They do hurt a lot of peoples economy as well, their price gets inflation by few tokens at start, and then crash when all the tokens are released, making people lose money hand over fist.

Memecoins are exactly how you mean, but it is not true for just any coin. All those others, bnb, sol, matic, ada, and many others like that are still quite important for the crypto world and they are not that small. I am not saying that they are the only ones that matter, but I think it is quite important to realize that we are going to end up with something that will take a while, and we should be careful about it.

I personally believe that the best thing to do right now would be just focusing on how to grow, and that means we are not going to get anything that will change stuff too much, and in that situation I feel like we are going to actually make a good income from it if we know what we are doing, will definitely help you in the end.

[kotajikikox]

I don't hate meme coins, I just don't like the idea of something that was made for fun to be valued like today.

Welcome to this new generation!

You’d notice that a lot of useless things can gain money nowadays as long as it gets people talking and interested. Just look at NFTs for example, many bought it not for its utility but just because they wanted to own some artworks even if it isn’t physically. I never really understood the point of nfts but if people like it and it gives them profit then who am I to judge?

[kbhutto]

Whether it is important or not, memecoins have dominated the crypto market during the beginning of the year until today, meme coins continue to appear every day with a 3x increase from when they were first marketed. Many people think that the emergence of altcoins in the crypto market has changed investment patterns from altcoins to meme tokens, who knows what is happening in the crypto market, maybe there is a big plan for meme coins to dominate the current market.

[Crypt0Gore]

Whether it is important or not, memecoins have dominated the crypto market during the beginning of the year until today, meme coins continue to appear every day with a 3x increase from when they were first marketed. Many people think that the emergence of altcoins in the crypto market has changed investment patterns from altcoins to meme tokens, who knows what is happening in the crypto market, maybe there is a big plan for meme coins to dominate the current market.

It's crazy, we all keep talking about how meme coins are doing well but not how many meme coins have rugpulled since the beginning of this year alone, the messed up case is none of these meme coins have solid team, they just come and shill their nonsense and people who want to get rich quick rushed in, meme coin is a game that needs to be played well or you will be sorry at the end of the day.

Meme coins dominates but ruined many people too, I haven't seen anything that's closer to ponzi scheme in this crypto space than those of meme coins, just get in before others and you will be fine if you take profits early, one day your money is doing fine and the next day it's all gone.

It is a matter of choice like some said, and that's why some developers are taking advantage of many people, since they can turn to millionaire in week of investing in meme coins only.

[Godday]

Meme coins dominates but ruined many people too, I haven't seen anything that's closer to ponzi scheme in this crypto space than those of meme coins, just get in before others and you will be fine if you take profits early, one day your money is doing fine and the next day it's all gone.

I can say that meme coins are like a ponzi scheme although it is not always like that. Anyone who manages to get a legit meme coin will get a profit of up to 100x when it is listed on the exchange. But I also disagree with you because not all meme coins work like that. Some legit meme coins take a few years before getting big profits. This is like the Doge, Shiba and Pepe projects that make investors get profits of up to 100,000% after a few years.

[Tigerheart3026]

Meme coins dominates but ruined many people too, I haven't seen anything that's closer to ponzi scheme in this crypto space than those of meme coins, just get in before others and you will be fine if you take profits early, one day your money is doing fine and the next day it's all gone.

I can say that meme coins are like a ponzi scheme although it is not always like that. Anyone who manages to get a legit meme coin will get a profit of up to 100x when it is listed on the exchange. But I also disagree with you because not all meme coins work like that. Some legit meme coins take a few years before getting big profits. This is like the Doge, Shiba and Pepe projects that make investors get profits of up to 100,000% after a few years.

meme coin's can not be legit it's old or new this is doesn't matter, now you can say that how people's got profit's 100x or high, exception can not be example, like shiba and doge was exceptional and those given another level of profits but thousands of meme coins in market and mostly looks high risky and those will be dead in the long run.

[legiteum]

Memecoins are going to get bigger and bigger, and they will eventually become the majority of the overall market cap for crypto.

Depending on what you consider a "memecoin" (I mean, for most consumers, Bitcoin itself is really just another meme and nothing else), memecoins are already perhaps 25% of the market.

But what is really going to blow up the market for memecoins is Haypenny and things like it: a solid, easy-to-use platform for consumers that is safe and makes leaves a memecoin founder free to concentrate entirely on their meme and not mess around with the technical platform, systems, whitepaper, etc. etc. All a memecoin founder should need to do is promote their meme.

And I envision that we're going to have an explosion of memes, and they will get more popular, and the market will get much more vibrant and mainstream than it is today.

Today, the market is held back by technical failure and fraud. But we're fixing that . Once the average consumer can go to a marketplace and safely and quickly bet on a meme without fear of anything besides the meme becoming less popular, the market will get 10x bigger than it is today: $10 trillion.

[betswift]

Meme coins dominates but ruined many people too, I haven't seen anything that's closer to ponzi scheme in this crypto space than those of meme coins, just get in before others and you will be fine if you take profits early, one day your money is doing fine and the next day it's all gone.

I can say that meme coins are like a ponzi scheme although it is not always like that. Anyone who manages to get a legit meme coin will get a profit of up to 100x when it is listed on the exchange. But I also disagree with you because not all meme coins work like that. Some legit meme coins take a few years before getting big profits. This is like the Doge, Shiba and Pepe projects that make investors get profits of up to 100,000% after a few years.

meme coin's can not be legit it's old or new this is doesn't matter, now you can say that how people's got profit's 100x or high, exception can not be example, like shiba and doge was exceptional and those given another level of profits but thousands of meme coins in market and mostly looks high risky and those will be dead in the long run.

The same can be said about new projects with utility, especially the part about waiting years for them to shine through Memes just spark and die out faster, usually.