Is the meme coin market cap spike a foreshadowing of bigger things to come?

[adiksau0414]

New entrants making the noise
As meme coins continue to rally, Solana (SOL) -based meme coins are having their own spectacular run. Over the past 90 days, Solana-based meme coin dogwifhat (WIF) has soared by over 134%, now trading at $3.39.

But that’s just the beginning. A new player, Book of Meme (BOME), has rocketed into the top 100 cryptos, with a jaw-dropping gain of over 1,385% in the last 90 days, currently trading at $0.01354.

https://crypto.news/is-the-meme-coin-market-cap-surge-a-sign-of-bigger-things-to-come/

What can you say about this news?

in my own opinion it's tough to say whether the increase in meme coin market capitalization is a hint of bigger things to come. The meme currency market is known for its volatility and speculation, so the spike could be a one-time occurrence. However, other investors believe meme coins have long-term potential as a digital money or a way to interact with online communities. Finally, only time will tell if meme currencies' value and relevance in the cryptocurrency market continue to climb.

[Beparanf]

What can you say about this news?

in my own opinion it's tough to say whether the increase in meme coin market capitalization is a hint of bigger things to come. The meme currency market is known for its volatility and speculation, so the spike could be a one-time occurrence.

Most of the time, Meme coin value is just being faked pump using the money injected by the VC on the exchange order book. You will notice that most of the successful meme coin project usually have popular VC behind it that fund the project for initial expenses through marketing and coin liquidity. All this meme coin pump is due to VC manipulation that attracts retail to buy and follow the trend that’s why meme coin dump is brutal especially if the big investors already take profit and leave retails alone.

However, other investors believe meme coins have long-term potential as a digital money or a way to interact with online communities. Finally, only time will tell if meme currencies' value and relevance in the cryptocurrency market continue to climb.

If we are only being serious here without the influence of hype. Reading the meme coin goal in the website is obviously sounds like a scam yet people preferred to ignoring it since they are looking only on the price.

[kotajikikox]

in my own opinion it's tough to say whether the increase in meme coin market capitalization is a hint of bigger things to come.

Lots of investors still do not give any value to memecoins. Some people think that a lot of memecoins are just useless as they are created purely for fun or at least it started like that until more people got interested now memecoins are trying to stay.

If memecoins don’t find a way to collectively make use of themselves, they will be soon forgotten in this industry.

[Sayeds56]

New entrants making the noise
As meme coins continue to rally, Solana (SOL) -based meme coins are having their own spectacular run. Over the past 90 days, Solana-based meme coin dogwifhat (WIF) has soared by over 134%, now trading at $3.39.

But that’s just the beginning. A new player, Book of Meme (BOME), has rocketed into the top 100 cryptos, with a jaw-dropping gain of over 1,385% in the last 90 days, currently trading at $0.01354.

https://crypto.news/is-the-meme-coin-market-cap-surge-a-sign-of-bigger-things-to-come/

What can you say about this news?

in my own opinion it's tough to say whether the increase in meme coin market capitalization is a hint of bigger things to come. The meme currency market is known for its volatility and speculation, so the spike could be a one-time occurrence. However, other investors believe meme coins have long-term potential as a digital money or a way to interact with online communities. Finally, only time will tell if meme currencies' value and relevance in the cryptocurrency market continue to climb.

You are right that crypto market of meme coins is unpredictable and highly volatile, how the capitalization of meme coins has increased significantly which seems to be driven by speculative behavior of market participants. This is also surprising that some investors see long term potential in meme coins, as means to engage with communities. Despite all this potential , it is wise to proceed with caution and keep an eye on market trends and developments.

[jacafbiz]

Investing in Memes has been a good success story of this cycle, it is a good and bad thing, reason being that the VC's rigged the game against retail and retail find a way to fuck them, the bad thing here is that they are useless tokens and add no value to the space, most of these Memes will disappear in the Bear market and a lot of people will be distroyed financially because they are been lied to that it is going to $1 which is not

[electronicash]

they are inspired by what happened to Doge. if those Doge holders just held their millions of Doge they bet on casinos, they'd be richer than what they have today. they have their regrets and i think some of them are also thinking the same thing could happen to SHIB and some other meme coins.

with the bull run that is expected to be the biggest bull run, i think one would have the determination of a diamond hand to make it through all the economic crisis today.

[batang_bitcoin]

@OP, you should fix your url code.

in my own opinion it's tough to say whether the increase in meme coin market capitalization is a hint of bigger things to come. The meme currency market is known for its volatility and speculation, so the spike could be a one-time occurrence.

We're in a bull run and many big things are expected to come even in the memecoins market.

However, other investors believe meme coins have long-term potential as a digital money or a way to interact with online communities. Finally, only time will tell if meme currencies' value and relevance in the cryptocurrency market continue to climb.

You're right, only time will tell on how long the memecoins saga will last. But we've seen this in 2021 and they did well and right now, another bull run is approaching and it seems that the memecoins craze is still there. With vast choices nowadays, many are trying their luck on jumping into several of it and to the newest ones for the potential 100x and more gain from it. We don't say generally that all of these memecoins have got that potential but of course, it's for the market and its communities to decide which of them is going to last.

[Silberman]

...

What can you say about this news?

in my own opinion it's tough to say whether the increase in meme coin market capitalization is a hint of bigger things to come. The meme currency market is known for its volatility and speculation, so the spike could be a one-time occurrence. However, other investors believe meme coins have long-term potential as a digital money or a way to interact with online communities. Finally, only time will tell if meme currencies' value and relevance in the cryptocurrency market continue to climb.

It does not really mean anything other than there are many people that love to speculate on this market and they are using meme coins as the vehicle to do this, this does not mean that meme coins have become viable long term investments, because for what I can tell they are just as bad as they have always been and this will never change, however I expect for meme coins to get more active once the price of bitcoin goes up again, as that is the moment many of the developers behind them release a great deal of coins, hoping for at least one of those coins to get popular and make a lot of money this way.

[shinratensei_]

i'm pretty sure that recent price spike that meme coin is having due to the fact that there are bigger player delving into the meme coin space which are those institutional investors that are investing to these project by the tens of millions if not more.
there's even news about east asian institutional investors are investing in the rune based meme coin which i'm pretty sure one of them is $DOG.

this can means many things though but i'm sure that if institutional investors delving into investing into this category it means the market cap of meme coin gonna increase significantly in the future since it further signifies that there are not only retailer, degens, and meme coin speculators that interested investing in it but also the bigger investor such as the institutional investors are also interested in making a bet to the meme coin market due to the gargantuan profit they could get within short amount of time.

the thing though, we are in the heat of the current trend of bullrun, everything looks so bullish because it is bullish trend we don't know when the bullish ends there might be some rally that can raise the price of bitcoin to the higher level but there's nothing certain about it, for all I know meme coin always rallying at around bullrun and drops significantly when bearish.
doesn't mean we should be pessimistic, just take advantage of current trend and we will see whats gonna be happening.
maybe once bitcoin goes past $100k, the meme coin will also have significant increase as well, i'm pretty sure thats what the market gonna turns out to be in just within half a year.

[darewaller]

It does not really mean anything other than there are many people that love to speculate on this market and they are using meme coins as the vehicle to do this, this does not mean that meme coins have become viable long term investments, because for what I can tell they are just as bad as they have always been and this will never change

Only meme coins, not the market, because market can include cryptos other than the meme coins. Also, it's not that they love to speculate because speculate can sound like a hobby only but they are after the easy and huge money that hides behind the meme coin. Yes, no one says that meme coins are a great asset to hold for the long term but everyone knows that they are only good for short-term use. They may be bad because of that fact, but pro and successful investors of them love them for providing them a profit that can't possibly be found else where.

however I expect for meme coins to get more active once the price of bitcoin goes up again

BTC can influence others and even not directly, it can still hype up the entire market, so yeah why not?