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Author Topic: Despite the downtrend. Some memes are still green  (Read 96 times)
Bournesparks (OP)
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June 27, 2024, 01:44:45 PM
 #1

Despite the market, memes are still delivering. I've noticed many trending tokens like CHEEKS, MICHI, and JASON, mostly celebrity memes. They're some of the funniest I've seen, especially APECOIN, which playfully equates "aping" with investing. However, beyond the humor, APECOIN isn't just a typical meme. It tells a story of determination, depicting a primate's journey and the challenges it faces in its quest to reach the moon.

I love the idea of profiting from them short-term as more people discover them on social media, which can drive the price up. Even though I know memecoins are high-risk and not worth holding long-term, it's kind of like gambling. Do you think we'll see new narratives for memecoins?

Please DYOR and don't take any of this as investment advice. I'm curious about the new narratives emerging for memecoins. I also find the excitement of getting into early projects quite interesting.
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June 27, 2024, 04:40:41 PM
 #2

I don't too popular with all your meme token mention above but the other meme keep increasing the higher price since bitcoin halving although current market on downtrend moment.
Pepe and Floki meme coins success break the higher price exactly with Pepe how several time break out the new all time high price after halving edition although bitcoin get large correction price but several meme coins or token keep increasing to the higher price.

Are there moment for meme coin or token popular again? several meme coins or token have reach higher price seems doubt to buy back and scare when dropping significant need several years later get increasing back to the higher price.

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Bournesparks (OP)
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June 27, 2024, 10:01:41 PM
 #3

I don't too popular with all your meme token mention above but the other meme keep increasing the higher price since bitcoin halving although current market on downtrend moment.
Pepe and Floki meme coins success break the higher price exactly with Pepe how several time break out the new all time high price after halving edition although bitcoin get large correction price but several meme coins or token keep increasing to the higher price.

Are there moment for meme coin or token popular again? several meme coins or token have reach higher price seems doubt to buy back and scare when dropping significant need several years later get increasing back to the higher price.

They're a lot of memecoins showing potential though. The ones you mentioned and coins like APECOIN. You can checkout bitget meme market for more.. they've got quite a good collection of interesting alts.
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June 27, 2024, 10:42:53 PM
 #4

This is also the first time that I'm coming across some names of coins you listed in this place; if they even exist, I don't know, unless for apecoin, which I have heard of a few times, if not all the other names, which sound strange to me. 
 
During the drop in price for most coins, some other popular memecoins like Pepe, Shiba, and even Dogecoin all experienced that drop in price. It's just now that they are trying to fight back if they can go back to where they were before, but it's still really hard for them to get back there. Some memecoins, after an unexpected drop in price, never make it back to their ATH ever again.

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June 27, 2024, 11:18:42 PM
 #5

These memes are not easy to find there are lots of minted memes but they fail, only a few memes become popular to people and build a community.

Until now I don't see any reason why memes were created but for others, it is a piece of art it doesn't have any uses right now maybe in the future someone will develop something to make these memes useful.

For now, like you said it's risky to hold this for the long term even in the short term it is still risky we know old news about a project that just suddenly disappeared or rug pulled after they got their target it might be possible in memes they are going to sell huge amount that can make this token price collapse and then disappeared.

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June 28, 2024, 12:54:28 AM
 #6

Despite the market, memes are still delivering. I've noticed many trending tokens like CHEEKS, MICHI, and JASON, mostly celebrity memes. They're some of the funniest I've seen, especially APECOIN, which playfully equates "aping" with investing. However, beyond the humor, APECOIN isn't just a typical meme. It tells a story of determination, depicting a primate's journey and the challenges it faces in its quest to reach the moon.

I love the idea of profiting from them short-term as more people discover them on social media, which can drive the price up. Even though I know memecoins are high-risk and not worth holding long-term, it's kind of like gambling. Do you think we'll see new narratives for memecoins?
There will be no new narrative in meme tokens, and in my opinion, meme tokens did not fully follow the market. The modest market capitalization makes it relatively simple for whales to pump and dump. Investing in memes is obviously quite similar to gambling. 
I like how meme tokens have become one source of income for me, but there are only one or two legitimate meme tokens. I liked how it gave me 100% - 1000% results in a short period of time. This will not appear on other tokens or coins. 

And if you're lucky enough, a few hundred dollars will make you the next millionaire. I frequently purchase and trade meme tokens on Bitget, and it only lists doxxed meme tokens. 

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June 29, 2024, 12:08:14 PM
 #7

Yes, while investing in meme coins, it is wise to do your own research properly in order not to risk more than what you can afford to lose. Naturally, crypto investment is kind of volatile, but the volatility determines the huge profit and huge loss that are being encountered, which is why it is so important to only invest the amount that you can afford to risk losing in an altcoin investment. If you are investing in Bitcoin, you have some assurance that it is not a pump-and-dumb coin like meme coins. With meme-token investment, you need to be very smart, know when to buy and when to sell, and just take your profit. 

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June 29, 2024, 12:14:23 PM
 #8

Correction, despite the downtrend many altcoins not only meme coins are still on green due to the volatility and hype of a certain project that can impact the price easily.

It’s much better to still invest on a high confidence project given that the majority of tokens are all down. Don’t focus much on meme coin since all altcoins is subjected on this kind of opposite trend depending on the news of the token.


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June 29, 2024, 12:59:43 PM
 #9

Memecoins will always have a place. Currently most are built on hype which will eventually end and the coins will vanish. Companies are starting to notice memecoins and are beginning to utilise them as effective marketing tools. Soon this will become the norm and memecoins will thrive as sustainable on their own worth.
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June 29, 2024, 02:15:10 PM
 #10

Despite the market, memes are still delivering. I've noticed many trending tokens like CHEEKS, MICHI, and JASON, mostly celebrity memes. They're some of the funniest I've seen, especially APECOIN, which playfully equates "aping" with investing. However, beyond the humor, APECOIN isn't just a typical meme. It tells a story of determination, depicting a primate's journey and the challenges it faces in its quest to reach the moon.

I love the idea of profiting from them short-term as more people discover them on social media, which can drive the price up. Even though I know memecoins are high-risk and not worth holding long-term, it's kind of like gambling. Do you think we'll see new narratives for memecoins?

Please DYOR and don't take any of this as investment advice. I'm curious about the new narratives emerging for memecoins. I also find the excitement of getting into early projects quite interesting.
That's because small/microcaps don't necessarily follow overal trend. Smallest amount of money flowing in or out can move them drastically because there's no real liquidity. But when the overal market is bullish as hell, these small caps are often used for flipping bags and they are definitely not suitable for long time hodl, because all the money will flow to popular coins and tokens.

Even trying to do short term flips with microcaps during overall altcoin fomo is way more dangerous then investing to steadily growing mid or large caps.

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Ultegra134
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June 29, 2024, 02:23:45 PM
 #11

From all the coins you've listed, I've only heard of APECOIN. There's an abundance of meme coins, with new ones popping up every single day. With quite a few of them being pump and dump coins, it's not surprising to see them on the green side, even when the whole market seems to be crashing. I'm personally not too fond of such "investments" due to the risk they involve; I'd rather invest in something that has an actual purpose with some kind of potential for growth than some random meme coin with zero purpose.

R


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wheelz1200
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June 29, 2024, 11:04:16 PM
 #12

Based purely on greed.  There is no reason projects like bitcoin and eth shoukd be in the red lately and they are going up lol.  There is no logical reason why they would be going up.  Tells ypu that market is based purely on greed and speculation.  When the big projects start moving expect money to pile out of those useless tokens into real projects.  Most won't realize until it's too late.

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Today at 05:14:41 AM
 #13

Based purely on greed.  There is no reason projects like bitcoin and eth shoukd be in the red lately and they are going up lol.  There is no logical reason why they would be going up.  Tells ypu that market is based purely on greed and speculation.  When the big projects start moving expect money to pile out of those useless tokens into real projects.  Most won't realize until it's too late.

Memecoins don't follow basic market protocols ahaha. It's like magic 🪄✨
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