What is all this memecoin hype about?

[Wolf_of_Wallstreet]

I just don't get it. What puts such a intense hype on meme coins?
What is the use case scenario for all this? I see a very interesting SOL project listing all these new Memecoins like Slothana or Dogwifhat
and just dont get the actual use case for it? I mean, dont we have enough memecoins on the market already with DOGECOIN or SHIBA INU?
I hope someone can help me to unterstand this 

[1715106906]

1715106906

[pinggoki]

The thing that you'll only need to know about this memecoin hype is that there's a lot of people that see this and think for themselves and just invest in it because they find it funny to do stupid stuff and it just so happens that there's a lot of people that have the same mindset of buying those non-utility, do it for the lulz token and it coincidentally led from one thing to another, and that's how the craze for meme coin started, people see something funny at first but now they want to replicate the success of other successful meme coin and so they end up flooding the market with more of this meme coin and the hype and mania for it ensues.

[deathcode]

it's because the market community is crazy with pump and dump schemes. they want to make an offer for anyone new to investing in memecoin to make quick profits. that's what they offer and I worry when situations like this continue to get more chaotic. maybe we will enter a hard time at the end of the year with more people who will lose their money in memecoin.

[Coyster]

The memecoin hype in the industry is because people see it as an opportunity to make money, but that is not always the case. Mind you that memecoins do not really have any utility, people mostly trade with them, and they are sustained only through hype and the interest people have currently about them, only because they see a chance of making money from it.

If you want to buy memecoins, you must take cognizance of these things, they are mostly pump and dump coins that don't have utility, though they can earn you ROI if you are lucky to buy one that pumps high and you sell before it dumps. If you are not ready to gamble with your money, i would not advice you to buy memecoins.

[nimogsm]

I just don't get it. What puts such a intense hype on meme coins?
What is the use case scenario for all this? I see a very interesting SOL project listing all these new Memecoins like Slothana or Dogwifhat
and just dont get the actual use case for it? I mean, dont we have enough memecoins on the market already with DOGECOIN or SHIBA INU?
I hope someone can help me to unterstand this 

Everything is quite simple.If you noticed, these tokens have only speculative value, the task is to buy as early as possible and sell with minimal profit or wait for your X to profit.This is very similar to a lottery where for a few bucks you can get several hundred or thousand. But it is important to understand that Not everyone will be lucky, but 5-10% of those who take part will have to pay for the entire “banquet”
This is just another type of gambling, only now it uses cryptocurrency instead of tickets.

[Wolf_of_Wallstreet]

I just don't get it. What puts such a intense hype on meme coins?
What is the use case scenario for all this? I see a very interesting SOL project listing all these new Memecoins like Slothana or Dogwifhat
and just dont get the actual use case for it? I mean, dont we have enough memecoins on the market already with DOGECOIN or SHIBA INU?
I hope someone can help me to unterstand this 

Everything is quite simple.If you noticed, these tokens have only speculative value, the task is to buy as early as possible and sell with minimal profit or wait for your X to profit.This is very similar to a lottery where for a few bucks you can get several hundred or thousand. But it is important to understand that Not everyone will be lucky, but 5-10% of those who take part will have to pay for the entire “banquet”
This is just another type of gambling, only now it uses cryptocurrency instead of tickets.

Thanks, so it is exactly what I expected it to be.
I still wonder how DOGECOIN can perform so well with this. It's around for quite a while an with all this, some leding figures even push this crap to the sky.
Weird and creepy how this actually seems to work out.

[nimogsm]

I just don't get it. What puts such a intense hype on meme coins?
What is the use case scenario for all this? I see a very interesting SOL project listing all these new Memecoins like Slothana or Dogwifhat
and just dont get the actual use case for it? I mean, dont we have enough memecoins on the market already with DOGECOIN or SHIBA INU?
I hope someone can help me to unterstand this 

Everything is quite simple.If you noticed, these tokens have only speculative value, the task is to buy as early as possible and sell with minimal profit or wait for your X to profit.This is very similar to a lottery where for a few bucks you can get several hundred or thousand. But it is important to understand that Not everyone will be lucky, but 5-10% of those who take part will have to pay for the entire “banquet”
This is just another type of gambling, only now it uses cryptocurrency instead of tickets.

Thanks, so it is exactly what I expected it to be.
I still wonder how DOGECOIN can perform so well with this. It's around for quite a while an with all this, some leding figures even push this crap to the sky.
Weird and creepy how this actually seems to work out.

Dogecoin is the oldest meme token that is on any exchange and it has already earned trust. But there are also huge disadvantages associated with it.
1) it is an endless emission
2) the community already depends on Elon Musk and what he says.
 Perhaps you remember how tweets from Elon influenced the price and market sentiment? What if tomorrow he says that dogecoin is a scam and sell everything immediately?

[AVE5]

That's just the market cap patterns for MemeCoins. They're biased to each other and struggles to build its community with a strong hold so if the foundation potentials of the coin is strong and promising enough to profer investors in the market profits or course there's one a very high volume in the Meme industry based on the hyping capacities of the coins.
That's why MemeCoins can be said to be funny and heart breaking if invested in any on the weightless coins that can't stand to tackle other coins possessions.

[livingfree]

I just don't get it. What puts such a intense hype on meme coins?

Volume, high liquidity, the community that all started from Dogecoin, to Shiba Inu to Pepe that's been scattered to the new ones today.

What is the use case scenario for all this? I see a very interesting SOL project listing all these new Memecoins like Slothana or Dogwifhat
and just dont get the actual use case for it?

For trading. 

I mean, dont we have enough memecoins on the market already with DOGECOIN or SHIBA INU?
I hope someone can help me to unterstand this 

That's true, we've got enough for it but developers can't be stopped into producing new meme coins as long as there are investors that are willing to buy them.

[Huppercase]

I just don't get it. What puts such a intense hype on meme coins?
What is the use case scenario for all this? I see a very interesting SOL project listing all these new Memecoins like Slothana or Dogwifhat
and just dont get the actual use case for it? I mean, dont we have enough memecoins on the market already with DOGECOIN or SHIBA INU?
I hope someone can help me to unterstand this 

There is nothing special with meme coins, it's juts that people stop making ballistic profits from usual profits and since meme coins are the new gold in town, they don't fear to rush in to get their own share of the pump and hype. Haven't you look around and wonder what's even special about meme coins? They don't have anything special to offer than the pump and dump, they don't have road map because they don't have a product or even a chain for developers to work on, just feeding on speculations to grow.

Another thing about these meme coins is that it's the main chain developers that do give them such credit. Remember this meme coin started on Solana when they first launched Bonk and then Jupitar and because the team are among this development is the reason why the coins are having these hype and it's also helping them to recover their sol price because of the demand from meme coins buyers.

[decodx]

I just don't get it. What puts such a intense hype on meme coins?
<...>

Memecoins seem to run mostly on hype.  The excitement around them comes from silly names, celebs talking them up, and viral online communities more than anything else.  Not all memecoins even have a clear purpose in the real world - it's more like people hope they'll randomly blow up to be the next Dogecoin. But that seems like a big gamble rather than an investment. 

Im not saying all memecoins are shit. Some have potential if the community rallies behind them. But more often it feels like everyone's just trying to make a quick buck - the developers rugpull laughing all the way while regular folks are left holding the bag. At some point the hype train always comes to a stop.

[electronicash]

I just don't get it. What puts such a intense hype on meme coins?
<...>

Memecoins seem to run mostly on hype.  The excitement around them comes from silly names, celebs talking them up, and viral online communities more than anything else.  Not all memecoins even have a clear purpose in the real world - it's more like people hope they'll randomly blow up to be the next Dogecoin. But that seems like a big gamble rather than an investment. 

Im not saying all memecoins are shit. Some have potential if the community rallies behind them. But more often it feels like everyone's just trying to make a quick buck - the developers rugpull laughing all the way while regular folks are left holding the bag. At some point the hype train always comes to a stop.

any shitcoin can be valuable when a crowd makes it valuable. in the case of doge for example people are just using it and paying and gambling using doge. it still look like a joke with a doge face on a coin and it without the community adding value to the market and not using doge, it will have no value.

same thing with the memecoins that are appearing these days, people are buying them in the market. though it didn't yet find its usecase but because there are people buying and incrementing is value then the value becomes its intrinsic value.

[Kelward]

it's because the market community is crazy with pump and dump schemes. they want to make an offer for anyone new to investing in memecoin to make quick profits. that's what they offer and I worry when situations like this continue to get more chaotic. maybe we will enter a hard time at the end of the year with more people who will lose their money in memecoin.

The memecoins hype is because people want to be told where they can invest and get quick profits on the shortest time, but most of these new investors are not told that these memes are pump and dump, you don't know when the ship will sink and vanish with investors funds. Another reason for meme hype is because we're entering bull season and investors want to reinvest their Bitcoin ROI on short term projects to increase their profits, but they need to understand that they're gambling their investment capital, because most of them are scams.

[Bushdark]

I just don't get it. What puts such a intense hype on meme coins?
What is the use case scenario for all this? I see a very interesting SOL project listing all these new Memecoins like Slothana or Dogwifhat
and just dont get the actual use case for it? I mean, dont we have enough memecoins on the market already with DOGECOIN or SHIBA INU?
I hope someone can help me to unterstand this 

It is not just meme coins that are been hyped, almost all cryptocurrency project are hyped so you don't have to be surprised about that.
That is the nature of the crypto market because if you don't hype your project with the help of influencers, you might not get any investor to buy and hold the token increasing the value of the coin. This is what we are seeing the crypto world everyday and thwre is nothing to do about that. Elon Musk also hyped Doge which is one of the reasons why so many people invested in the project.

[Sophokles]

Its not always about usecase which is important for crypto investor. Retail investors are only care about money and they don't care from where this money is coming from. Recent meme coin hype is a marketing strategy taken by solana team to boost their ecosystem with cash inflow. They have succeeded with their plan as multiple meme project from their chain manage to attract cash inflow towards solana which pump the sol price. Beside the meme projects are mostly methods used by whales to wash up black money.

[mindrust]

I just don't get it. What puts such a intense hype on meme coins?
What is the use case scenario for all this? I see a very interesting SOL project listing all these new Memecoins like Slothana or Dogwifhat
and just dont get the actual use case for it? I mean, dont we have enough memecoins on the market already with DOGECOIN or SHIBA INU?
I hope someone can help me to unterstand this 

I think even SHIBA is a scam/shitcoin. I don't understand how it became a thing and why people are still buying it. Something is very fishy with that shitcoin and I feel like it won't end well when the cover blows off. Doge is the original meme coin on the other hand, I feel a lot better about it somehow.

The others you mentioned are straight scams. There is indeed no use case for any of those coins. People don't even use Doge that much. People use LTC more than any other alt and it still under-performs doge.

[Stalker22]

When Dogecoin started out years ago, it was just a silly meme joke.  But at least it got some traction. You gotta hand it to those developers - they actually turned it into something sorta usable.  Sure Doge is still mainly only good for tossing some coins around online casinos or sending your buddy a few bucks.  Yet it sparked this whole market for other memecoins trying to catch that hype wave. 

Problem is, none of these new meme coins really do anything new or interesting.  Mostly its just a hype about getting rich quick, followed by pump-and-dump schemes that leave average Joes holding the bag. They dont add anything useful to crypto just schemes to sucker folks into pumping money on empty hype.

[bluebit25]

Memecoin is nothing special. People rush into investing just because they want to make quick profits, despite the risks. They consider memecoin as "the new gold" and are willing to rush in to make money, despite its lack of transparency and actual value.

Memecoin is nothing special other than price manipulation. They do not have a clear development roadmap because there is no product or platform to develop. The value of memecoin is based only on crowd speculation, not on actual value.

Be alert and think carefully before investing in memecoin. Don't let yourself get caught up in FOMO and false promises. Invest in projects with real value and long-term development potential.

[o48o]

I just don't get it. What puts such a intense hype on meme coins?
What is the use case scenario for all this? I see a very interesting SOL project listing all these new Memecoins like Slothana or Dogwifhat
and just dont get the actual use case for it? I mean, dont we have enough memecoins on the market already with DOGECOIN or SHIBA INU?
I hope someone can help me to unterstand this 

Reason you don't understand them is because you are looking for use case for them. Forget that. Imagine whole memetoken scene as making fun about traditional markets in surrealistic and anarchist manner by being this twisted epitome of casino markets. Explaining it will ruin the joke and i guess i am doing that here. But it has nothing to do with use cases or real world value. They doen't need justification or reason to exist.

It's just having fun with memes, so there's nothing to compare it in real world to make it more understandable. Because there's nothing to understand.

[ajiz138]

Those who have an interest in memecoins are only relying on hype, so they only take advantage of pump and dump opportunities, there is no real use in memecoins, so once it is hype, more will go there to buy in the hope that it can go up to 100x.

Look at the excitement on the X platform where many memecoins do presale get considerable funding so is the enthusiasm of investors for memes while hype?
Just now I saw Dino base do the same thing after entering the meme liquidity add immediately pumped.

From this pumping, more people will be trapped buying at the top because of hype and fomo, for those who profit from buying at the beginning will sell it, after this the price will drop dramatically.

Don't ask why memecoin is now so excited because the influence of the hype that will be bullish will all continue to speculate and influence it.