Meme Coins Resembling Lotteries in the Crypto Space

[gabbie2010]

Meme coins thrive on speculation and hype，their prices are driven more by sentiment and social media trends than by fundamental value.
I've been reflecting on my approach to meme coins, and it's become clear to me that their hype-driven nature has become my guiding principle. Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.

Definitely investing in meme coins is gambling in situation where there are plenty of those coins whose main driving force is hype and nothing else thus it makes it even more difficult to invest in them, infact the numbers of those meme coins on Solana network had increased tremendously, however some investors took there risk and made massive profit in some of the meme coins that trended based on their massive marketing budget, I think the strategy you adopted is one of the factors to consider before investing in meme coins and digging dip in terms of research would also in the long run helps to select viable ones.

[lombok]

Meme coins thrive on speculation and hype，their prices are driven more by sentiment and social media trends than by fundamental value.
I've been reflecting on my approach to meme coins, and it's become clear to me that their hype-driven nature has become my guiding principle. Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.

Definitely investing in meme coins is gambling in situation where there are plenty of those coins whose main driving force is hype and nothing else thus it makes it even more difficult to invest in them, infact the numbers of those meme coins on Solana network had increased tremendously, however some investors took there risk and made massive profit in some of the meme coins that trended based on their massive marketing budget, I think the strategy you adopted is one of the factors to consider before investing in meme coins and digging dip in terms of research would also in the long run helps to select viable ones.

Only a few tokens on the Solana network can increase rapidly. This is all because they have investors and the projects being developed are very useful for investors who provide full support. We have to see how many tokens are created that do not have support from investors and are just trash tokens.

[rojan]

Meme coins thrive on speculation and hype，their prices are driven more by sentiment and social media trends than by fundamental value.
I've been reflecting on my approach to meme coins, and it's become clear to me that their hype-driven nature has become my guiding principle. Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.

Definitely investing in meme coins is gambling in situation where there are plenty of those coins whose main driving force is hype and nothing else thus it makes it even more difficult to invest in them, infact the numbers of those meme coins on Solana network had increased tremendously, however some investors took there risk and made massive profit in some of the meme coins that trended based on their massive marketing budget, I think the strategy you adopted is one of the factors to consider before investing in meme coins and digging dip in terms of research would also in the long run helps to select viable ones.

No one can ever invest with absolute certainty that he will get profit after investing. There are some coins that require a lot of risk to invest in. I would say that we can find some good altcoins without risk in these coins. In altcoin  Investing has risk but if we can get something good by taking risk it is good for us. So I always try to find some good coins and invest.

[peter0425]

I would say that we can find some good altcoins without risk in these coins. In altcoin  Investing has risk but if we can get something good by taking risk it is good for us. So I always try to find some good coins and invest.

Even "good coins" still come with risks. All investors should make enough time and effort to study the coins they want to invest in. If they do not manage to know everything they can about a project, it's possible that they make some mistakes while investing which can lead to losses.

Cryptocurrencies are very volatile assets which is why they are risky in nature. Risks can be managed and avoided, fortunately.

[Kocret02]

Meme coins thrive on speculation and hype，their prices are driven more by sentiment and social media trends than by fundamental value.
I've been reflecting on my approach to meme coins, and it's become clear to me that their hype-driven nature has become my guiding principle. Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.

Currently I agree with you that meme coins are currently experiencing a rapid increase due to speculation and sensation as well as being driven by social media which currently often reports about meme coins which are experiencing an increase, especially Shiba Inu which is in the top 10 coinmarketcap and Pepe which is is in the top 20 coinmarketcap.so this becomes a trend for everyone to get into.

[Dunamisx]

Meme coins thrive on speculation and hype，their prices are driven more by sentiment and social media trends than by fundamental value.
I've been reflecting on my approach to meme coins, and it's become clear to me that their hype-driven nature has become my guiding principle. Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.

When it comes to discussion on memes, we have to be very careful, because its an extensive aspect whereby many things were to be put in place and in considerations before we can go for any of them for an investment, this also makes it appears that those that go for them are the ones that were eager to make quick money and earn what they want and leave, because they understand how highly volatile they are and how disastrous they could also appear.

[wheelz1200]

Meme coins thrive on speculation and hype，their prices are driven more by sentiment and social media trends than by fundamental value.
I've been reflecting on my approach to meme coins, and it's become clear to me that their hype-driven nature has become my guiding principle. Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.

There are literally zero memecoins that have any fundamental value maybe besides dogecoin because of its first mover position.  These are just all copy/paste tokens and just change the supply and ticker and release it out for presale.  100% premine or presale is insane.  Anyone remember 2017 ICOs and how that fared?  Nobody learns from history I guess.

[bastian466]

Lottery is the same as gambling, well I feel like I can't guarantee one hundred percent even though the meme project pours out huge funds for marketing, for example, it doesn't guarantee that you will make a profit, it's just a scammers way of getting your money into their trap to gamble

[oktana]

Meme coins thrive on speculation and hype，their prices are driven more by sentiment and social media trends than by fundamental value.
I've been reflecting on my approach to meme coins, and it's become clear to me that their hype-driven nature has become my guiding principle. Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.

Despite what strategy you choose to follow, the path is a risky one. You just have to invest what you can afford to weep for. Don’t go throwing your life savings because you think you’ve figured it out. Altcoins, especially memecoins can be very volatile.

[X-ray]

I think its pretty clear with that, the good meme coin or fairly speaking the one that making it to the big exchange listing usually gains sudden recognition and massive investment.
its sort of lottery indeed, a meme coin could be comning out of nowhere and suddenly its listed in binance the next day, thats just how random it is, thats why many people that snipes them are willing to put all their money into sniping them by quantity over quality because they know things so random even the most undervalued meme coin might be valued hundred millions by the next week.
its like basically there's a force that causes some of the very specific meme coin suddenly got all the recognition in one fell swoop which is pretty strange but it is what it is.
the newer meme coin is a proof of that.

but sometime even the bigger whales are also playing some game with this, if you observe the dex propertly you might find out that these whales are always buying certain meme coin by large sum, sometime spread through multiple transaction through dexes in order to avoid being tailed by some shrimp and then the sudden massive pump begins.

Currently I agree with you that meme coins are currently experiencing a rapid increase due to speculation and sensation as well as being driven by social media which currently often reports about meme coins which are experiencing an increase, especially Shiba Inu which is in the top 10 coinmarketcap and Pepe which is is in the top 20 coinmarketcap.so this becomes a trend for everyone to get into.

unfortunately though by the time it either got popular in social media or listed in binance the price probably already soared which means there's no point in getting in other than just getting into some FOMO hypes, by that time, we more likely to lose some money.

[Cvetik56]

Lottery is the same as gambling, well I feel like I can't guarantee one hundred percent even though the meme project pours out huge funds for marketing, for example, it doesn't guarantee that you will make a profit, it's just a scammers way of getting your money into their trap to gamble

Exactly. The funniest thing is that even with big marketing memecoin still can fail because people simply won't like it and it won't go up. There is not actual use for them anyway.

[Strongkored]

Memecoin is very suitable for those who like risk because sometimes the profit can be very large and can be said to be proportional to the risk, so this is like a lottery if you are lucky then the profit might be life changing, but there are quite a few who think of this as just a toy, yes they can get pleasure by buying it and usually those who are very serious about meme-coin will actually be trapped because they think this coin has a good future so that when there is an opportunity to sell it at a profit, they still choose to keep it for a bigger profit and it turns out the conditions are different from what was predicted.

[Fiasem20]

Memecoins can be referred to as gambling in the crypto world due to chance of winning or losing.The market is unpredictable,you can't predict if it's gonna give a bright future.Gambling are meant for fun,same energy applies to memecoins they are mainly meant for fun in the crypto space.Memecoins investment are not for the long term,get your profit when it goes to the moon,it isn't meant to be held for the long term,their returns are for the short term.An investor that find memecoins interesting to invest on it's advisable that you invest on what you can afford to lose.

[bastian466]

Lottery is the same as gambling, well I feel like I can't guarantee one hundred percent even though the meme project pours out huge funds for marketing, for example, it doesn't guarantee that you will make a profit, it's just a scammers way of getting your money into their trap to gamble

Exactly. The funniest thing is that even with big marketing memecoin still can fail because people simply won't like it and it won't go up. There is not actual use for them anyway.

Perhaps more clearly, there are many other factors that cause failure, more specifically, perhaps the market is less supportive because a new coin project, let alone coinmeme, has to have a lot of support, it's not enough just to have large capital and it has to have a real large community and many others

[AbuBhakar]

Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.

You might successfully chase good meme coin with this strategy since those meme coin that manage to be on spotlight are those project that spend tons of money on marketing but this method is not a foolproof since we all know that those project that spends tons of money will always get back their expenses from the investors money later on.

So there’s still a risk that you might lose in the end if your purchase timing is a little but late or you didn’t take profit right before the team use the liquidity on the LP for their own token conversion.

But your method is indeed good as basis on finding good meme coin.

[goaldigger]

Meme coins thrive on speculation and hype，their prices are driven more by sentiment and social media trends than by fundamental value.
I've been reflecting on my approach to meme coins, and it's become clear to me that their hype-driven nature has become my guiding principle. Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.

Were you able to chase the hype? and hows it going so far?
This is the riskiest strategy dealing with the meme tokens and seriously, following the money doesn't guarantee anything and because of the hype, you can't be so sure that you will make money too. Be more cautious with meme tokens, not all are worth it and they usually have the budget for big marketing purposes because they need to reach huge market and some of those meme tokens after doing this becomes inactive and rug pull the funds from their investors.

[andyou1234]

I really agree with the OP, if memecoin is the same as a lottery which has no certainty where it is very difficult to predict how it will move in the future, only lucky people can make money from memecoin, therefore before investing in memecoin it is You have to prepare yourself mentally so you don't get disappointed with it,

[kentrolla]

Aligned with your though process as we don't often seen memecoin's growth due to the utility it can offer as there is none but they are mostly pump and dump coins wherein one can either get lucky and go to moon or hit rock bottom and even those who go to moon needs to take profit at right moment else within mins everything will go in vain it's pure lottery or gambling or whatever you call but not sustainable.

[SOKO-DEKE]

Meme coins thrive on speculation and hype，their prices are driven more by sentiment and social media trends than by fundamental value.
I've been reflecting on my approach to meme coins, and it's become clear to me that their hype-driven nature has become my guiding principle. Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.

As for me, I didn't see any difference between memecions and gambling because you never know what will happen in the next few hours or minutes. In fact, nowadays the worst thing is that they are using memecion projects to scam people. Just imagine they will launch coins at a good price, but within a few hours everything will just be down. For anybody who wants to invest in memecions, they should just zero their mind that they will get anything from there, so that they will not go ahead and invest money in the memecions projects. I have invested in some memecions projects recently, and have lost in almost everything, and I don't think the projects will recover anymore. 

[Belarge]

I really agree with the OP, if memecoin is the same as a lottery which has no certainty where it is very difficult to predict how it will move in the future, only lucky people can make money from memecoin, therefore before investing in memecoin it is You have to prepare yourself mentally so you don't get disappointed with it,

OP knows exactly what he wants but he's here to throw in more question for clarity. We face dissapointing results in the space but they're just temporary and we have to stick go becoming strategic when these crypto projects turns out to be experiencing green candles. The space is wide enough to accommodate everyone but we should be careful not to lure ourselves into the hands of scamming projects. Memecoins are good projects but we should always know what we're doing in the space. However there are lucky investors in the space, they don't put in enough pressure but they keep close range when it comes to the activities related to cryptocurrency.