Failure of meme coin this past years

[Josefjix]

These memecoins are only feeding off new investors who hasn't known their tricks how they really works, the reasons how entirely how crypto works too as well, the weak that panic  sells to the strong that stays. It's absolutely true that the best way to avoid the risk of trading memecoins is buying very early or been the dev, as well as the owner.

What ever makes a trader to buy late is a risky trading that will never end well.

Even the early buyers have to be extremely lucky to profits from those memecoins, since most of them get sold to hype at the sale stage and when the coin gets listed it never reach the sale price before the whole crash happens, so the dev are the ones milking investors, and for only a few lucky investors profits from their investments most times.

The early buyers i mean are the presale buyers and the early listing buyers especially on the first exchange to be listed on, buying early on the second to third exchange is never a guaranteed success but doom to be a loss of investment.

My advise for those that could be lucky enough to buying early on the first listing exchange is selling early too as well, having the mind of keeping for long term will be worst decision such trader will take in his lifetime.

[Stormisover]

honestly memecoins have just collapse in a very terrible manner since late year, a lot of tokens that once looked like they have future has just failed and most of their crash is pathly due to this annoying sell of, pup & dump scams all over and also some new regulations being introduced into the ecosystem and not to forget the lost of trust due to this repeated rug pulls that was seen as a norm mid of this year! from look of things i think invstors are aligning with coins with reasonable utilities and the way meme projects are beginning to disappear and getting delisted from exchanges, only those ones that clearly have transparency and usefulness will survive this terrible cycle.

I think there are just few that we all know that survived,  but those meme coins are very early in the game, those like in the tap 2 earn niche. But after that hype, everything died down as well and so those projects who follow the trail didn't succeed.

And it's obvious that's what it was called meme coins. No use case whatsoever, it's just a way for developers and so called investors to make a lot of money from it. After that rinse and repeat. But not this year perhaps investors are tired of meme coins already.

Reasons that contributed to the failures includes the outcome of the less or no reward to the participants of most of the tap to earn niche, those that participated will understand how painful the less or no reward couldn't match the energy and the resources they put out in those that came with airdropping, this contributed to how people reacts whenever anything related to meme coins is mentioned, I wonder how they could have survived when results couldn't meet up to half of the expectations from hypes, meme coins are over hyped coins that doesn't have a good foundation.