My observation on memecoins seeking legitimacy. Cool or not cool?

[avp2306]

At this point, I don't even know what to think. Meme coins out here stopping the memeing and seeking real legitimacy. Will their utility moves work or will they always be tainted as lucky jokes? One thing' I know for sure, the memecoin realm is getting weird.

Most of the meme coin is now moving to the ponzi feature as their “utility” but still these tokens are worthless. They are just adding this shit utility because this is what their investors like but too dumb that they invested on meme coin instead of real project.

Meme coin still a meme coin which is worthless no matter what feature they introduced because they have no real utility or else they shouldn’t categorize being meme coin and move to DeFi. The problem is most this meme coin is just following the trend of being meme despite they are not already a meme just to get the hype. They are just ponzi.

Some of them just create a fictitious stories about seeking legitimacy since this is not happening on a coins which is usually been abuse by scammers to take advantage on the hype. Much better for people is to stop thinking about far beyond what they are seeing since for not its not possible to happen. Those scam meme coin are just updating there methods so people should not make anything of it as a basis to call them legitimate since meme coin as you said is like a ponzi schemes which needed to avoid.

They should not join on the hype and bag hold any meme coin since there's big risk for them to lose their money if they believe on any stories like it will go up for more and became one of the best token exist since this provably not gonna happen with those shitcoins.

[Phoenixtrader]

Most of the meme coins were like a ponzi but as the market is maturing so did the investors. So for being a meme coin is not enough these days and we are seeing legitimate meme projects are trying to be more than just a meme project. Not sure if that will be enough or not, but its working as many investors are joining the meme industry which leads to the total marketcap of meme coins to be above 63B which is more than the total marketcap of AI coins. The industry is evolving, and the meme project is as well. Let's see where it leads to the meme craze.

Your comment seems to be realistic. Memes are introducing burns now, making sure they evolve from the tag to something good. I think OP is right. Might be a long process but some memecoins imo are turning the corner. I just saw a post of GEC Burning almost a $1M. now that's an effort worth commending. I'll check Bitget memezone if it's trading there and prolly observe before taking a position....

[MarvieJ]

Yo all, did y'all catch how these joke crypto projects are trying to become legit? I'm talking OGs like Dogecoin, Shiba Inu, Floki and even this new player Alita.

These coins used to just be silly memes capitalizing on trends. But now they're working overtime to add actual use cases to their offerings. It's a total role reversal. Kinda cool though, don't you think?

Shiba started as a "Dogecoin Killer" but now they've built a whole DeFi ecosystem called Shibaswap and want retailers accepting Shiba. Talk about pivoting.

Floki Inu was all about the Elon's dog meme energy. But their roadmap is to build a metaverse platform for marketing and gaming. From dog jokes to meta utilities, damn.

Then you got Alita giving full cyberpunk anime robot vibes, ultra memeable. But get this - they're trying to launch a cross-chain DEX called AlitaSwap with an integrated AI crypto analysis assistant and even partnering with some good platforms. https://twitter.com/TemuFund/status/1767138794342699356?t=2Qu-pftT0_1gNzAETe0oVg&s=19
A meme coin getting that sophisticated is wild.

At this point, I don't even know what to think. Meme coins out here stopping the memeing and seeking real legitimacy. Will their utility moves work or will they always be tainted as lucky jokes? One thing' I know for sure, the memecoin realm is getting weird.

Gone are those days everyone thinks less of Memecoins, well personally I use to feel same way when Elon musk was shilling he’s. But I can tell you that a couple of them has really made me some good money. One thing I like about Memecoins is that with as low as even $10 you could still get a significant return of profit, everyone doesn’t have to invest in Memecoins cos of the risk involved. Same way but all successful traders got their dough💵 through buying just $BTC yeah.. A lot of exchanges now glorifies Memecoins and add a couple of events which I’ve seen on kucoin , bitget etc. I’m buying more of solana Memecoins like $Brett $wen & newly listed $bome which just recently got listed on bitget exchange and also binance is listing, these memes are going parabolic now

[btc78]

Memecoins are called memecoins because they were made out of jokes from the internet. Was there any specific requirement that states that a coin should be worthless and completely derived of from a meme in order to be considered as a memecoin?

Because to me, memecoins are coins that were inspired from memes but does not necessarily have to be worthless and functionless. I personally think this era of memecoins adapting to what the investors need is a good idea. They are generating a coin out of memes to get popularity but at the same time actually has utility.

[batang_bitcoin]

Will their utility moves work or will they always be tainted as lucky jokes?

They're lucky jokes and that's why they're called memes. That's why many of the investors looking forward to invest for their actual utility and that is to get traded in the market.

One thing' I know for sure, the memecoin realm is getting weird.

Definitely weird because we used to think that most of them wouldn't have any value at all. But the weird fact is that many investors are looking into them and they're making some great gains that we can't imagine. Usually, the devs of theirs are the ones making such money.

[Volimack]

Meme coins create hype in the market and tend to scams. Meme Coin is a cryptocurrency based on online jokes. They are prone to massive volatility and rarely offer any real reason to prefer them over less lightweight crypto names. These harmless cryptocurrencies can add some fun to your digital investments, but they are also risky. This is why investors should carefully look for the legitimacy of meme coins.