Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: MrSpasybo on May 12, 2021, 01:44:49 AM
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"Canine-themed meme tokens like ELON, SHIB and DOGE have taken control of the market while Bitcoin consolidates below $57,000 and Ethereum holds above the $4,000 mark.
The biggest event generating conversations across the crypto sector and social media is the rise of dog-themed tokens inspired by the recent mega rally from Dogecoin (DOGE). The more than 20,000% rally from DOGE has shocked value investors across the world and many Bitcoin maximalist and equities traders are scratching their heads in confusion, given that DOGE was originally created as a simple joke.
Demand for Shiba Inu (SHIB) has been so intense that buyers overwhelmed the Binance system with deposits, causing the top exchange to run out of deposit addresses, while the Binance Smart Chain-based Australian Safe Shepherd (ASS) token has gained more than 400% in 24-hours. The Elon Musk-inspired Dogelon Mars (ELON) has al rallied 170%."
Source: Dogelon Mars, Shiba Inu and Dogecoin take the lead as Bitcoin consolidates (https://cointelegraph.com/news/dogelon-mars-shiba-inu-and-dogecoin-take-the-lead-as-bitcoin-consolidates)
First of all, I congratulate the investors who made a lot of money from the meme-coins wave. Their luck really makes others admire.
However for the crypto and blockchain markets, this is a pain when good projects do not have the capital and interest to develop and soon create useful products for community.
We see IOTA, REN... updates, but token prices of these projects have not grown as much as DOGE, Shiba Inu or AquaGoat. This just shows that the madness has dominated the crypto market rather than the place where we talk about the technology, the solution and the practical value of crypto to society.
And even more sad when in the future, when price of meme-coins drops, we will see the sadness of late investors. The image of crypto has become distorted for a lot of people in the community who are thinking that crypto is a big casino with capitalization above $2T @@
What do you think about this meme-coins wave? Are their absurd price increases a good or bad signal for the market and the future of crypto?
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Monopoly - manipulated
Marketing - effectiveness and partnership.
And influence - people behind more than just a team.
Hype - won't last long.
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I am also interested in the relationship between the growth of these cryptocurrencies and the current high growth in the price and capitalization of ethereum. Tokens like Doge can play a cruel joke on ethereum when they start to plummet. I would like to believe that their probable fall will not have a negative impact on this coin.
Yes, it was an interesting joke with Doge.
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Last year, a colleague of mine encouraged me to buy some Shiba Inu tokens. However, since I believe it’s nothing buy hype, I choose not to buy. Now that Shiba Inu is already following the footsteps of Dogecoin and is one of the top 20 in market capitalization, I certainly believe that the hype might go down anytime soon. Same thing with the other “Inu” coins, in which there is no fundamentals. If it goes all the way high, then just TP but not for long term holding.
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Last year, a colleague of mine encouraged me to buy some Shiba Inu tokens. However, since I believe it’s nothing buy hype, I choose not to buy. Now that Shiba Inu is already following the footsteps of Dogecoin and is one of the top 20 in market capitalization, I certainly believe that the hype might go down anytime soon. Same thing with the other “Inu” coins, in which there is no fundamentals. If it goes all the way high, then just TP but not for long term holding.
Years ago (many) I ignored Doge because I thought it was a joke based on a meme, and although today I still think the same we can all see what is happening. I have spent a few dollars at INU (only $100) in case the same thing as with Doge could happen. The world is getting crazier every day and I don't understand it, but maybe that madness will make me earn some money :o.
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Yes, Its absurd the price of such coins is rising aggressively that can not be expected by a trader. At the present time majority of the investors are taking a risk by investing in Dogecoin & Shiba like coins and even many of the investors already booked huge profit even one of my frieds also made 20X from the Shiba coin but we all know Elon created the hype for these coins and I believe soon such coin will drop and we will see good movement in our other traditional altcoins till then its a matter of time. These meme coins are highly risky to trade now and one should avoid it or take little risk as they are not any product base so they will not survive for long. Yes, I agree madness is dominating the crypto market. Yes the consequences of such coins will effect many investors those who consider this market as a gambling will lose money in the future and will not jump again in this crypto market.
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Last year, a colleague of mine encouraged me to buy some Shiba Inu tokens. However, since I believe it’s nothing buy hype, I choose not to buy. Now that Shiba Inu is already following the footsteps of Dogecoin and is one of the top 20 in market capitalization, I certainly believe that the hype might go down anytime soon. Same thing with the other “Inu” coins, in which there is no fundamentals. If it goes all the way high, then just TP but not for long term holding.
Years ago (many) I ignored Doge because I thought it was a joke based on a meme, and although today I still think the same we can all see what is happening. I have spent a few dollars at INU (only $100) in case the same thing as with Doge could happen. The world is getting crazier every day and I don't understand it, but maybe that madness will make me earn some money :o.
I bought $13. hahaha
Just in case the hype may continue at least I go with the flow with my small bag of Shiba. :D
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I don't mind the Dodge and Consortium climbing that high, as long as it helps me get my pockets full. That makes the market even more euphoric and at some point most will also realize that there is no substance behind it and will pump their profits into the other good coins. This is my hope, it doesn't have to happen. The world is full of surprises.
I don't buy a meme token, and I never will.
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I bought $13. hahaha
Just in case the hype may continue at least I go with the flow with my small bag of Shiba. :D
Our paths cross again in this madness. I don't know if we will make money, but at least I hope we don't lose it along the way. The truth is, I haven't done something stupid like this in a long time, but the money invested isn't much and it can at least be fun. At least we will laugh.
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They are just some random shit coin as shitty as doge and and elon musk. These types of manipulators like Elon i dont lie them. Instead of investing in such shit coins people should start investing on real projects that can make the crypto ecosystem more better.
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I think his meme coins wave are terrible, this hype can change the market condition very quickly. After Dogecoin's rally, then another meme coin appear and hopes to have the same luck as Doge. People are starting to get FOMO.
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Last year, a colleague of mine encouraged me to buy some Shiba Inu tokens. However, since I believe it’s nothing buy hype, I choose not to buy. Now that Shiba Inu is already following the footsteps of Dogecoin and is one of the top 20 in market capitalization, I certainly believe that the hype might go down anytime soon. Same thing with the other “Inu” coins, in which there is no fundamentals. If it goes all the way high, then just TP but not for long term holding.
One thing for sure is that it is so hard to determine which coin especially the new ones will be making such a big impact and growth later. Had you been swayed by your friend then you can consider yourself to be lucky enough to gain profits from Shiba Inu. Since we don't have an unlimited source of funds (I just assumed this since I am not privy to your finances), we can't be buying all the new coins and tokens that come our way. The problem here is actually is that you used the right way of evaluating a project but the market can be so eccentric sometimes. Now, many people are asking which coin can be the next to go 100x...
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I missed the given wave quite consciously and I'm not worried about it. Since I have been on the market for a long time, it was quite obvious to me that everything would end sooner or later. I prefer not to participate in such risks.
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I never believed in meme coins because they have no value, they are just tools for whales to attract more money into the market. In addition, Meme coins also cause the transaction fees of Ethereum & BSC to increase, they are hindering the advancement of the crypto market, fortunately Vitalik Buterin took action to stop this malicious wave.
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I think that this "meme-coin" mania will end quick. It is same as NFT. Only few understand what it is and how to use it profitable, but many want to join NFT mania and create them everywhere. Same will be with meme-coins. Few months and everyone will remember only dogecoin.
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As long as Elon keeps doing the ridiculous things to pump dogecoin, all other memecoins will be pump as well. Just wonder about those people who used to say that bitcoin is scam/ponzi, but they're now proudly hodling dogecoins without any research or analysis, just going with the current hype. As a result, those will be rekt soon as any trends didn't last long in this market. That's why best to invest those amounts what we can afford to lose. When we're on profit, best time to profit out initial capital even if we buy those memecoins
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Doge coin is pumped just because of the Elon Musk, i still think Doge is a shit coin. And elon Musk tweeted and those who Follow him also fall on the same side to buy million dollar Doge coin. Much of those people contributed will of course. May be later we know that elon Musk were never bought Doge but take commission from those who were Doge coin sellers for pumping Doge by tweeting.
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I believe that most of these meme cryptocurrencies will soon die, since these meme cryptocurrencies were created only for the sake of manipulation and earnings, and soon we will see how the hype around these meme coins will fall and only dogecoin will live forever, so I not invest in any meme cryptocurrency, because there is a huge chance that you will lose all your money.
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I prefer not to deal with meme-coins. You can work with them only in the initial period, when their price continues to pump up. But they are not suitable for long-term storage. There are a lot of really useful and promising coins in the world of cryptocurrency, with which there will be much less risk.
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Memecoin now created because of the hype, I'm afraid this situation will continue to happen, there are many memecoins that end in rugpull but investors are still trapped in the hype.
The existing Memecoin has no utility like Dogecoin and I assume the token was created only to make Memecoin a community token and not for a long term project.
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I think that this "meme-coin" mania will end quick. It is same as NFT. Only few understand what it is and how to use it profitable, but many want to join NFT mania and create them everywhere. Same will be with meme-coins. Few months and everyone will remember only dogecoin.
Meme coins are better for short term, buy when FOMO and sell asap before FUD.
I don't like meme coins. It's more risky.
I personally prefer buy top coins such as BNB, DOT, SOL and Matic.
Those are more safe and have more potential.
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I think that this "meme-coin" mania will end quick. It is same as NFT. Only few understand what it is and how to use it profitable, but many want to join NFT mania and create them everywhere. Same will be with meme-coins. Few months and everyone will remember only dogecoin.
Meme coins are better for short term, buy when FOMO and sell asap before FUD.
I don't like meme coins. It's more risky.
I personally prefer buy top coins such as BNB, DOT, SOL and Matic.
Those are more safe and have more potential.
agreed, meme coins are good for short term investment.
As we know shiba inu and dogecoin.
There are the Man behind to pump of this coins.
Elon musk and vitalik buterin.
Meme coins are not good for hold.
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I personally have gotten a lot benefits from shiba inu and dogecoin.
Because I invested on short term.
I agree with several opinions that said meme coins are suitable for short term investment.
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I feel in the year 2021 investors/traders of the meme coins made huge money but not all meme coins give a return there was huge hype for meme coins in the year 2021 and I can say many other good altcoins not moved much because many investors believe in the meme coins to make quick money. The fact is many of the new investors treat this crypto market as gambling.
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Well, the only meme coins I knew so far are Shiba inu, Shibacash, and Dogecoin then other than these I think possible the risk is much, much higher if we put our investment in any of them unless you know when its gonna pump the price value in the market.
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There is a lot of profit earned by old investors, but only a few coins can survive, memecoins are just pumped up and they won't last long, for now, maybe the price of Doge and Shiba is still holding up because of the capitalization of more than 1 billion usd, but when the price BTC back to $10k usd then the price of memecoin will go down I can't imagine what will happen.
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With the popularization of Doge Coin by Elon Musk's tweet, nowadays there are many memecoins whose existence does not last long, perhaps due to the lack of a concrete operating mechanism and business model. and only a few are able to survive because even then because it is supported by the competent elite in it.
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With the popularization of Doge Coin by Elon Musk's tweet, nowadays there are many memecoins whose existence does not last long, perhaps due to the lack of a concrete operating mechanism and business model. and only a few are able to survive because even then because it is supported by the competent elite in it.
Meme coins are just fomo, better to choose potential coins at top coins than invest in mem coins.
I don't like meme coins, because didn't have potentially to hold for long term investment.
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Meme coins are good who managed to ride the trend. Purely for short-term speculative purposes...because they have no foundation under them, even the name speaks for itself.
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The year 2021 was indeed very booming for meme coins, even this is still continuing until now in 2022. I remind everyone, to remain careful if you want to invest in meme coins, because many of them are actually only looking for personal gain when the coin memes are booming.
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Meme hype began with Elon promoting one of the first meme coin doges. Elon and his doge are the reason why other meme coins like Shiba inu got so much attention from the crypto community. After that, it just boomed and we saw so many copycat meme projects most of them have no use-case and future. Their only offer was high apy which didn't work out for long.