Forget Bitcoin - Memecoins Like Pepe, FLOKI and Bonk Are the Big Gainers Now

[wheelz1200]

In the end it's fools gold because most people will buy then they won't be able to recognize the market tops, and when it starts the eventually bull dip they use hope as a way to not be able to.part with their bag.  Most people end up dragging it all the way to the bottom.  And to make matters worse when it levels off at the bottom and doesn't shoot back up they think it's the end and sell just to get soemthing back.  That's a lot of people's story.

[bluebit25]

First question, how did you put the title just to draw attention to these things?

(...)
The big question is: which memecoin will perform best going forward this year? Could we see Dogecoin reclaim its former glory as the king of memecoins? Or will newcomers like Pepe, FLOKI, WIF and Bonk continue to steal the spotlight? I'll like to hear your views...

Regardless, it is your opinion or the opinion of those who have guided you to these things, even top altcoins can still be labeled risky. And what memecoin is doing is showing off its great risks, but it's fair to say that the few (very few) are over-hyped creating FOMO for memecoin. If it weren't for the way Elon Musk started with dogecoin, this space would likely have memecoins with incredibly high capitalization, but regardless of everything that has been going on, I'm not the type to oppose the activities of of these things, as long as we take advantage of the opportunity because this crypto playground must have winners and losers for there to be great development.

[Bureau]

Looking into the current market trends in this bull run again meme coins are getting the hype. All meme coins are getting high volumes and gains, which suggests that it won't be a bad idea to invest in them now and hold on to them. These coins can easily fetch 10x to 20x if anyone is planning to take a position for short-term gains in the bull market. In the last 7 days, all these coins pumped significantly and then got dumped badly. I think all of them are now going through the same cycle.

[DeathAngel]

Floki & Bonk have already pumped pretty hard. I don’t know how much upside there is with those tokens. If you are looking for a 1000 x token in this bull run you will probably have to take more of a risk & go for a lees well known, less established token. No doubt Floki & Bonk will increase in value this bull & they are the safer option but for the life changing gains we probably don’t even know which token or coin it will be yet.

[AakZaki]

Floki & Bonk have already pumped pretty hard. I don’t know how much upside there is with those tokens. If you are looking for a 1000 x token in this bull run you will probably have to take more of a risk & go for a lees well known, less established token. No doubt Floki & Bonk will increase in value this bull & they are the safer option but for the life changing gains we probably don’t even know which token or coin it will be yet.

What about Pepe, it is improving more rapidly at the moment. I also don't doubt FLOKI and BONK, these memecoins have a great marketing team and can make the market crazy. I didn't really believe in Floki at first and only held Shiba. But seeing how the Floki team is very solid and has a good strategy, it is good value and it is not surprising that it is now bullish again.

[Webetcoins]

Let's not compare it with bitcoin at all because one is surviving over decade and half and the one you are praising just available in the market for months so if the coin or token can maintain its value as well as growth for years then you can argue forget bitcoin cause memecoins are the future but for now, meme coins are just in the trend after the NFT craze and it become into the choices among the crypto investors when they feel that crypto bull already kicked in.

I think those 3 meme coins are not new in the market anymore but the only question is if long they can stay?
If there is any meme coin that will last longer, that might only be Dogecoin, nothing more. There is no coin that can maintain their value or growth because each has what we called as volatility.

There are stable coins but even them do also fluctuate in value. They can recover but non-stable coins recovery will depend on how much their latest ATH are. Meme coins are not the future but it was the title of Bitcoin, (the future of money). Before NFT, we already have meme coins but their trend have only came back for a couple of times now.

[Silberman]

Floki & Bonk have already pumped pretty hard. I don’t know how much upside there is with those tokens. If you are looking for a 1000 x token in this bull run you will probably have to take more of a risk & go for a lees well known, less established token. No doubt Floki & Bonk will increase in value this bull & they are the safer option but for the life changing gains we probably don’t even know which token or coin it will be yet.

We will definitely witness some meme coins making some incredible gains during the bull run that is coming, however the number of meme coins is so high, that it is unlikely that a person can make the money they are looking for this way, because even if they were to pick the correct meme coin, they have no way to know when that pump could happen, and as such an investor could sell their coins too soon and miss the opportunity they have been waiting for.

[Baltazaar3]

I think it depends on the type of investment you want to make. I mean, in the short term meme coins might make you a lot of money, but in the long term it makes no sense to invest in coins based solely on an internet meme or some other funny feature (see the dog saga). Personally I would opt for other altcoins that are based on something more solid and focus on the long term. However, you can always invest in meme coins in the short term, following the bullish trend, without abandoning Bitcoin in the long term.

[Taskford]

Floki & Bonk have already pumped pretty hard. I don’t know how much upside there is with those tokens. If you are looking for a 1000 x token in this bull run you will probably have to take more of a risk & go for a lees well known, less established token. No doubt Floki & Bonk will increase in value this bull & they are the safer option but for the life changing gains we probably don’t even know which token or coin it will be yet.

We will definitely witness some meme coins making some incredible gains during the bull run that is coming, however the number of meme coins is so high, that it is unlikely that a person can make the money they are looking for this way, because even if they were to pick the correct meme coin, they have no way to know when that pump could happen, and as such an investor could sell their coins too soon and miss the opportunity they have been waiting for.

Some maybe expected to come as the meme coin hype will go back again when there's something event like this since somehow this type of token will be the first thing to locate by investors since they might think that once bitcoin pump those meme coins will follow. But even though we see a nice streak for price rise of this token I guess we better be more careful since as the number of meme coin created a lot of it is just another scam.

Then its a huge loss for us if we pick those scams and we cannot roll our investment and make it grow.

For now I'm still skeptical on those meme coins since I don't see any real value on this coin and I always look it up as a pure hype.

[PurpleDog]

All of us try to earn money, one way or another. Hodling is a way to go, trading is another and there's nothing wrong with trying to spot the next meme coin that will make it to the moon. Like I said in another thread, PENG might be the one. Or not.  

[o48o]

I think those 3 meme coins are not new in the market anymore but the only question is if long they can stay?
If there is any meme coin that will last longer, that might only be Dogecoin, nothing more. There is no coin that can maintain their value or growth because each has what we called as volatility.

There are stable coins but even them do also fluctuate in value. They can recover but non-stable coins recovery will depend on how much their latest ATH are. Meme coins are not the future but it was the title of Bitcoin, (the future of money). Before NFT, we already have meme coins but their trend have only came back for a couple of times now.

Dogecoin had volatile past as well, and has some occasional huge spikes. Dogecoin is like Bitcoin of memecoins, being a first with an exemption of not being developed since.

And yeah, we had memecoins that have died, but so we have altcoins that have died, NFTs that have died but some have survived this bear / all bears runs. And with every bull market there comes more new tokens and coins into this play and many of them have survived. Many of them seem dead in comparison to top 10 marketcap coins even though they might already have huge gains and bigger marketcap compared to last bullrun.

OP:s post is provocative, but i've been in this space for so long that i can't help but smiling, when ever i see people losing their minds over meme coins and NFTs are making more gains then bags they hold. Saying things like "this is the reason crypto is not being taken seriously". If you really believed on your own crypto you wouldn't mind people playing with theirs. I don't get why people are collecting physical trading cards or trading them either, or using money to level up in mobile games, but i don't call them stupid for doing so. It's their money.

There will be just more meme tokens then ever, and most of them die for sure, but that's just casino economy. We don't need to understand it for it to keep happening. Most people don't understand basic any other economic systems either. You can think meme tokens as surrealism in economics.

[Claymore2]

In my view, while meme tokens can yield big gains, they're also highly volatile. Unlike Bitcoin's steadier growth, meme tokens often see sudden spikes and crashes. It's wise to take profits rather than risk losing out if their value suddenly drops.

[Abiky]

The memecoin craze has returned in full force, with several meme-themed cryptocurrencies seeing massive gains recently. Leading the pack is PepeCoin (PEPE), which has skyrocketed over 60% in the last 24 hours.

Pepe is a memecoin based on the popular Pepe the Frog meme. It was originally launched in 2013 but gained renewed interest this year as the memecoin market heated up again. The recent price surge has made Pepe one of the top trending coins today, according to CoinMarketCap.

Other memecoins seeing big gains include Wif, FLOKI, SHIBA and Bonk. All doing impressive numbers over the weekend.

The return of memecoin mania also reflects the powerful momentum of hype and virality in crypto. Memecoins often have very enthusiastic online communities that aggressively promote their coin, fueling massive rallies. While memecoin investments are highly risky due to the volatility, the potential for explosive short-term gains is enticing many retail investors.

The comeback of memecoin mania is also indicative of the current bullish sentiment in the crypto markets. With Bitcoin and Ethereum recovering strongly in 2024 so far, investors are more willing to speculate on altcoins in hopes of parabolic returns. This is pushing up memecoins along with the broader altcoin market.

The big question is: which memecoin will perform best going forward this year? Could we see Dogecoin reclaim its former glory as the king of memecoins? Or will newcomers like Pepe, FLOKI, WIF and Bonk continue to steal the spotlight? I'll like to hear your views...

If you're willing to take huge risks with your money, then investing in "meme" coins should be a no-brainer. But I wouldn't advise leaving Bitcoin behind, especially when it's the major driving force of the market. I know many people want to get rich quick with crypto. But that's not the way it works. It takes a lot of patience and dedication to get what you want.

"Meme" coins were created as speculative investments serving no purpose other than being a pure joke. Just because Elon Musk endorsed Dogecoin, doesn't mean "meme" coins are worth it. Unfortunately, the level of immaturity in the crypto/Blockchain space has led us to an influx of "meme" coins that moves us away from Bitcoin's original values. I sure hope this craze comes to an end, so people could focus on what matters most.

It's not about the hype, but rather the usefulness of any given cryptocurrency. If the coin you've selected provides real use cases to the world, then it could last a lifetime. Just remember to diversify your investment, and there should be nothing to worry about.

[evichi]

While the gains on meme coins, like Pepe during this bull run is more than that of Bitcoin, it is still a high risk to invest on meme coins. I suggest that you watch your back especially new meme coins - ensure you invest only what you can afford to loose. As most of the growth associated with meme coins are usually due to hype, meme coin's growth is not sustainable. Once the hype fizzles out, holders of such meme coins may experience huge loss. It is important to note that scammers may take advantage of this bull run to defraud unsuspecting investors on meme coins.

[irhact]

The big question is: which memecoin will perform best going forward this year? Could we see Dogecoin reclaim its former glory as the king of memecoins? Or will newcomers like Pepe, FLOKI, WIF and Bonk continue to steal the spotlight? I'll like to hear your views...

I don't think we should forget Bitcoin even though there are Memecoins that are becoming top gainers, those memecoins can't hold their position for so long as another memecoins will top them and the interest will be lost from investing in the previous trending memecoins. Bitcoin will always have interest and when you make profits you can always be sure that you will never lose all your profits as Bitcoin will always be trending every time there's a bull market but not the same for altcoins.

The new memecoins are going to give new profits than dogecoin as they're new project will more chance of rising and this is the reason Pepe is gaining more attention. New investors believe that the old project has already been bought and to make more profits they have to invest in new projects so they can get more amounts with a small amount of investment. Don't forget Bitcoin but also invest in altcoins.

[JeffBrad12]

While the gains on meme coins, like Pepe during this bull run is more than that of Bitcoin, it is still a high risk to invest on meme coins. I suggest that you watch your back especially new meme coins - ensure you invest only what you can afford to loose. As most of the growth associated with meme coins are usually due to hype, meme coin's growth is not sustainable. Once the hype fizzles out, holders of such meme coins may experience huge loss. It is important to note that scammers may take advantage of this bull run to defraud unsuspecting investors on meme coins.

well to be frank there are tons and tons of coin that actually have utility and still gained more than meme coin but undeniably meme coin growth has been quite fast in every bullrun it always grow to certain extent where the project just gaining massive increase to the level of hundred millions sometime within short amount of time the community behind the unified movement of pump is crazy to be honest.
far surpass some of other popular coin in that regard.
to be honest, there's nothing wrong with investing in meme coin it all comes down to speculation after all its just that investing in something that has fundamental seems just give me more ease of mind for investment though.
therefore i will pass on the meme coin investment but good for them that willing to bet their money and make some good profits.

[Rasa nanas]

I think that until now Doge remains the king of meme coins because so far there has been no meme coin that can beat Doge in terms of market capitalization and popularity. It is very difficult to replace Doge as the king of meme coins because Doge was the first meme coin and was the beginning of the creation of meme coins.

[Abiky]

I think that until now Doge remains the king of meme coins because so far there has been no meme coin that can beat Doge in terms of market capitalization and popularity. It is very difficult to replace Doge as the king of meme coins because Doge was the first meme coin and was the beginning of the creation of meme coins.

Lets not forget that Dogecoin also has Elon Musk's endorsement. This should keep it afloat for quite some time. The rest of the other coins are trying to carry on with Dogecoin's success. But they will eventually fail. After all, they "can't beat the real thing". I hope the crypto market becomes mature enough where "meme" coins and speculative NFTs are no longer its driving force.

With serious projects laser-focused on real use cases, the crypto industry could reach new heights. I'd try to avoid "meme" coins like the ones mentioned by the OP, just to be safe. It's not always about making money, anyways.

[dogemoon]

The fact that part of Bitcoin's liquidity has been directed to memecoins (when in the previous session these were last), would indicate that investors no longer have time or energy to read papers and investigate serious projects that they don't even understand, preferring to stay in established and recognized projects, and with part of the gains from each cycle betting on memecoins.

[Dr.Osh]

this is why people prefer to invest in meme coins over other coins. that's because the potential increase is very high, even hundreds of percent in a short time, and the price is also very cheap. So, sometimes people save money they don't use in coins like this hoping that a big rise can occur.
However, the risk is indeed high. But, this often happens when a bull market occurs. However, if you have a lot of money, it's best to choose investments that are clearer, and have lower potential. For a small investment, maybe people will choose meme coin, but if the investment is large, I think people will still choose bitcoin.