Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Meme Coins => Topic started by: Joseph Lee on April 25, 2024, 08:28:46 PM
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Just as we have seen happen within different ecosystems in past bullish cycles, I believe we are finally witnessing the emergence of the next phase of development within the memecoin industry. Like it happened with GameFi starting to introduce NFTs, and DeFi doing something similar, many meme projects are now introducing innovative adjustments and enhancements that enable them to offer services across various industries, transcending their initial role as mere amusement-themed tokens.
As of late, we have observed a surge in meme projects embracing new initiatives that grant them a certain degree of utility. For instance, CatGPT ($catgpt) has incorporated AI technology, enabling them to create a functional AI chatbot, while Calcium ($CAL) seamlessly integrates both meme culture and DeFi technology.
Personally, I find this progression highly favorable, as it signifies the gateway to a new era where virtually every crypto project strives to provide some form of utility, no matter how modest it may be.
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Just as we have seen happen within different ecosystems in past bullish cycles, I believe we are finally witnessing the emergence of the next phase of development within the memecoin industry. Like it happened with GameFi starting to introduce NFTs, and DeFi doing something similar, many meme projects are now introducing innovative adjustments and enhancements that enable them to offer services across various industries, transcending their initial role as mere amusement-themed tokens.
As of late, we have observed a surge in meme projects embracing new initiatives that grant them a certain degree of utility. For instance, CatGPT ($catgpt) has incorporated AI technology, enabling them to create a functional AI chatbot, while Calcium ($CAL) seamlessly integrates both meme culture and DeFi technology.
Personally, I find this progression highly favorable, as it signifies the gateway to a new era where virtually every crypto project strives to provide some form of utility, no matter how modest it may be.
Memecoins are memecoins, no matter the utilities etc, we just need to be careful but earlier entries could be rewarding. So DYOR. For catgpt, couldn't find much about it on Google except this. Is this correct?
(https://i.ibb.co/9cWRg4X/IMG-20240425-WA0048-1.jpg) (https://ibb.co/vVk2qd5)
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Well, definitely, but let not do away with the fact that at the moment, we have much more meme coins than we ever will need, alot of people have moved to developing meme coins, and right now, it has moved from being something that is created for a joke to a more ridiculous purpose like being a means of quick money grab.
This has affect the meme coin market alot as many investors who have lost money to this hungry developers who create meme coins for the sole purpose of stealing, are all now leaving the meme coin market, and for the memecoin developers who are serious about keeping their investors and attracting even more investors, it's time for them to try something new, and that is, create meme coin with utility.
Personally, I am happy for the development, and it is my wish and hope that meme coins will continue to evolve, and be key part of the crypto ecosystem, let's hope that meme coin plus utility will do the magic.
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When I saw how many meme coins were always present every day. and there is a lot of meme coin hype that always makes the crypto business change very quickly. In the past, there were also many emem coins that experienced hype but immediately dropped. However, there are also those that emme coin has experienced a significant increase which is quite good and balanced.
Yes, it will depend on what type of meme coins. funds for the continuation of the project. If it's still worth it, then do it. but if not, why maintain it? because we ebirnevastai to get rpofits. It's not like just spending money like that without any consideration.
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Re: Is it finally time for diversification within the memecoin ecosystem?
Yes, and No.
Yes, if you want to gamble and invest your money into different meme coins. No, if you can't handle the risks and the possible losses that you can get once you invest into meme coins.
Meme coins in general is very risky, and although we know that all cryptocurrencies are a risky investment, I believe that meme coins have a higher risk than others especially for those new ones. This is the reason why I don't want to put so much money into it. The risk is too high, and I would rather invest into other tokens that I believe will increase in price in the mid to long term than into these meme coins that has a higher chance of rug pulling those investors.
We have different opinions regarding meme coins, but it's too risky for me that's why I don't invest on it at all.