Why are more people getting excited about memecoins?

[Mate2237]

They are excited because it is a short term investment and profit is in the average price. Those who are purely investing in memecoins are real risk takers because a scammer can launched one project as a memecoin and allowed people to flood it and probably allow people to withdraw but suddenly the project would be delisted from all the exchanges and everything you invested in would lost.

Be caution when dealing with memecoins and don't be over excited because they are dangerous.

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[EarnOnVictor]

People always seem drawn to meme coins. There are so many with quirky names like Pepe, Bonk, and Meme. In 2023, a bunch of these coins hit the market and made lots of folks rich. Then in 2024, it happened again with coins like WIF, BOME, and SLRF. Now, everyone's talking about Simsol. People love meme coins because they can make you rich quick. It's kind of wild how much excitement they bring to the market. But, it's important to remember they're risky too. What's your opinion about this?

Among all the meme coins listed above, it is SLRF that is strange to me, perhaps you made a mistake in the spelling. Regardless, the reason why people are chasing after meme coins is not far fetch, we all need money since the missing of huge opportunity brought by Bitcoin is causing people to be aggressive risk-takers and get compensated by another coin/token. And I must say that it is paying off. You can imagine what the people who risked their investment in BONK, BOME, WIF and many more would have gained already? No one can blame them because, if the likes of SHIB and Dogecoin could perform the way they did during their days in the last bull run, how much more the new ones listed above, and that was even listed on a new blockchain that didn't have such capacity like this in the last bull run (Solana)?

Solana ecosystem is a very good development in the cryptocurrency world and I advise you to expect more from it over time.

[Strongkored]

It's like a cycle, when the bull run was around four years ago, memecoin was very hyped, the developers saw the same potential for it to be repeated during the current bull run, the developers saw how the oldest memecoin was always the one that gave big profits to its holders, so that was like a signal that many Cryptocurrency lovers will also enter meme coin to make big profits again during a bull run like this, and new memecoins will usually be targeted because the opportunity for profits is greater as well as the losses
Don't ever be surprised by this, if you want to get into memecoin then enter from the start and leave when you have made a significant profit because greed will probably result in you not getting anything.

[OrangeII]

well, the simplest answer is, because meme coins provide big profits. However, memecoins provide huge profits at very high percentages. Even though the risks are big, many people are willing to take these risks for big profits. Well, to be honest, I also often look at which meme coins might have great potential. Honestly, this is really interesting to pay attention to. However, the negative effect of this is, many new investors think that meme coins are good coins, and may be worth tens of dollars, and other expectations that make them disappointed.

[Oasisman]

People always seem drawn to meme coins. There are so many with quirky names like Pepe, Bonk, and Meme. In 2023, a bunch of these coins hit the market and made lots of folks rich. Then in 2024, it happened again with coins like WIF, BOME, and SLRF. Now, everyone's talking about Simsol. People love meme coins because they can make you rich quick. It's kind of wild how much excitement they bring to the market. But, it's important to remember they're risky too. What's your opinion about this?

The hype around the memecoins is what makes everyone interested in putting their money in it. Also, based on the outcome from the past memecoins who have been valued at a way higher price than it originally was, are also an addition to the people's interest.
Putting your money in memecoin is like placing a bet in gambling, but with literally a longer result as it may take a few or several months before you can see it, whether or not you will make a profit or you just thrown away your money for nothing.
Investors are divided into a different attitude, there are those who wants lesser risk so they put their money into bitcoin or top alts in the market, there's short traders and daily traders, and there are always those who wants to get rich real quick who invest in a very risky asset which usually posses a very little chance to succeed and they are the same people who wants to have portion of their money into memecoin.

[JeffBrad12]

well, the simplest answer is, because meme coins provide big profits. However, memecoins provide huge profits at very high percentages. Even though the risks are big, many people are willing to take these risks for big profits. Well, to be honest, I also often look at which meme coins might have great potential. Honestly, this is really interesting to pay attention to. However, the negative effect of this is, many new investors think that meme coins are good coins, and may be worth tens of dollars, and other expectations that make them disappointed.

in short people just want get rich quick scheme, with meme coin its the same people invest because they want to turn their $1k into millions from seeing some twitter story about how someone flips their money into millions overnight, honestly those kind of thing are really rare, and even if its true there are something that is undisclosed such as the early buyer of that meme coin probably got info that this certain meme coin gonna have massive pump since we all know its just whales game at the end of the day, it can work as some kind of marketing too.
always know that every pump that meme coin have probably have whale behind the scene that helps getting the price skyrockets.
therefore thats why meme coin is popular its just speculation, but as long as people know what they're in for and all the consequences I guess they just gonna treat it as another game.

[andyou1234]

Currently the meme coin hype is increasing day by day, of course with the increasing popularity of memecoin the opportunity to make a profit is getting bigger, but you need to remember that the memecoin hype cannot last forever, therefore patience and mentality are very important in investing memecoin because the risk is very big.

[Zanab247]

For profits making, which are some of the reasons that is making people to invest their money on memecoins because they know, that it will bring profits that will make them rich and never to miss every opportunity on memecoins.

Those that understand the memecoins investment very well, they know that the market price use to fall to some level where people will begin to experience loses from their investment, but those that understand it very well will not worry about what is happening because they use small capital to invest.

 If you want to remain wealthy through your memecoins investment, don't invest all your money in memecoins only, you can invest some in  BTC so that you can be using memecoins profits to solve any problem that will make you to sell your BTC.

[strunberg]

But, it's important to remember they're risky too. What's your opinion about this?

Yes that's the important point and that's my opinion with meme coins. Meme coins can make someone rich but they can also make someone poor. Many meme coin projects only have one spike phase and after that they are dead projects. I think finding meme coins like PEPE, Bonk and Meme at the start of their launch is almost impossible if you have little capital. I personally would not invest in meme coins in the early sales stages because many meme coins have become scams because they were abandoned by their developers.

[wheelz1200]

People always seem drawn to meme coins. There are so many with quirky names like Pepe, Bonk, and Meme. In 2023, a bunch of these coins hit the market and made lots of folks rich. Then in 2024, it happened again with coins like WIF, BOME, and SLRF. Now, everyone's talking about Simsol. People love meme coins because they can make you rich quick. It's kind of wild how much excitement they bring to the market. But, it's important to remember they're risky too. What's your opinion about this?

Web: https://simsol.fun/

Greed. Pure and simple.  They hear stories of people turning a thousand into a hundred thousand dollars and they jump in without knowing what they are doing.  Sad truth of the matter is most people will lose their money and a small amount of people will end up with the money those people lost.  That's the meme game

[Belarge]

well, the simplest answer is, because meme coins provide big profits. However, memecoins provide huge profits at very high percentages. Even though the risks are big, many people are willing to take these risks for big profits. Well, to be honest, I also often look at which meme coins might have great potential. Honestly, this is really interesting to pay attention to. However, the negative effect of this is, many new investors think that meme coins are good coins, and may be worth tens of dollars, and other expectations that make them disappointed.

Our expectations should be meet. We take higher risks but never to get bother because we already know what we signed up for and expects the worst results to happen. Our expectations will become winning but not all days is Christmas for us, we become unlucky in most of them. Winnings is necessary for us because they served as evidence to continue pushing for more amazing results. Memecoins have been the orders of these current days, select a promising one and you'll forever be thankful for the outstanding projects in the market.

[batang_bitcoin]

But, it's important to remember they're risky too. What's your opinion about this?

That is a fact that they're risky and many are aware of that. But with that risk, it also comes with potential high reward and that's what motivates the investors to do their meme coin things and investments. They know what they're doing but with the newbies that have started investing into memecoins, they'd learn a big lesson there. Most if not all of these memes are built with the hype whoever is the marketer of the newly launched projects, they're actually good and knows the thought of the masses and that's why we've been seeing new ones emerging in the market day by day.

[TastyChillySauce00]

Currently the meme coin hype is increasing day by day, of course with the increasing popularity of memecoin the opportunity to make a profit is getting bigger, but you need to remember that the memecoin hype cannot last forever, therefore patience and mentality are very important in investing memecoin because the risk is very big.

Don't you even aware if meme coin even better compared to the majority of projects offered utility token in term of profit? i'd say meme coin was also giving you better sustainability as long as you were taking the legit meme token which has been listed on the big exchange site.
The only stupid guys who keep gambling on the garbage meme tokens that listed on solana dex. It's not all bad but majority of them being made to rug the investors and LP providers. Memecoin is about how smart you are in generating the money.

This is like a money game but i believe any memem coin that could be listed on binance was always doing better. This is why i strongly believe that if meme coin can perform even better once it was getting massive support.
Dogecoin, shiba inu even bonk have showed it how the community can be very important to the token itself in supplying the liquidity.

[R100K-Martin-Lunger]

It's because meme coins are all the rage again because of the social media speculation and halving effects. Plus, due to the pump and dump nature of meme coins, many call victim to scams as well. The profitability factor is definitely attractive but I think only seasoned or really lucky folk are able to profit from them because they are such high risk investments and the dump can happen at any time

[Kristiyana]

Yeah meme coin can make one rich quick and it can also make one to regret sometimes If they incurred loss and remember the higher the capital you invest the higher the profit and the higher loss someone will incurred if it doesn't go well ( that is the higher the risk). The people talking about meme coin are the people who make huge profit on it and it's a normal thing to testify on something you benefited on/from. People who incurred losses will be very careful next time and they can't advice someone to invest in it because of the losses they made that is life, you can't say something is bad when you have benefited from the thing and you can't also say something is good when you haven't benefited from the thing.

[yazher]

Pump and dump for the win. You can earn x100 or more on a short period of time due to the volatility of this token if ever you manage to enter early on meme coin that pump hard due to hype.

Meme coin is the gambling version of cryptocurrency trading because you can win big and lose big at the same time in just a blink of an eye. Meme coin creators usually do unlimited trial on creating coins that will be successful that’s why it’s very dangerous to invest on this because it’s nearly impossible to recover if ever you invested on a garbage meme coin which the dev already abandoned.

It has high volatility but those risk takers know this and they still gamble their way to invest in those coins despite the huge risk involved because they already know how this kind of market works. It's not the same as investing in bitcoins because you need to know the signal of the time when to sell it at the right time because late means losing your money completely and many people don't realize this and end up becoming victims of those who promote such coins via social media or influencers on Youtube. That's why if you are not familiar with this kind of environment, you better not join those risk-takers, or else you lose your money easily.

[terrific]

It's because meme coins are all the rage again because of the social media speculation and halving effects. Plus, due to the pump and dump nature of meme coins, many call victim to scams as well. The profitability factor is definitely attractive but I think only seasoned or really lucky folk are able to profit from them because they are such high risk investments and the dump can happen at any time

Meme coins are really pump and dump and that's why many investors are moving on it with the hope that they might get rich on an instant occasion.
But it's not that what they think will happen easily because most of the investors there have been in the meme coins and have got profit already. The ones that are unfortunate are the new ones, they will get stuck when there's no more hype and the pump for meme coins are done.

[tengui]

You have explained that investing in meme coins can make people rich in a short time but has very high risks. What is meant by high risk here is that if you invest in it, the possibility of you losing your money is much greater than the possibility of you making a profit. My question is, do you want to choose this kind of investment? maybe yes, but only by investing a little money.

[mich]

Well since there is so many meme coins many new investors think they can earn big profits fast. There is stories we read for people to make some millions of dollars in only a short time trading the meme coins.
But the thing we do have to remember about them is important. It is a token to have for fun and for hopes we can earn big gains from them.
There is not a real use case they do serve. I do not think it is a trend but if I want big profits do not invest it all in meme coins.

[Silberman]

People always seem drawn to meme coins. There are so many with quirky names like Pepe, Bonk, and Meme. In 2023, a bunch of these coins hit the market and made lots of folks rich. Then in 2024, it happened again with coins like WIF, BOME, and SLRF. Now, everyone's talking about Simsol. People love meme coins because they can make you rich quick. It's kind of wild how much excitement they bring to the market. But, it's important to remember they're risky too. What's your opinion about this?

You basically answered your question, meme coins offer to a very small minority the opportunity to change their lives and become millionaires in a short amount of time, so many investors love that as they think this will definitely happen to them, obviously most of those that trust in meme coins get their trust betrayed and lose everything, but the success stories are so out of this world, that people cannot stop themselves to invests in those coins as they do not see any other way for them to reach those kind of results.