What is the importance of meme coins?

[sampoerna]

Meme coins are basically made based on funny, unique things and memes on the internet. However, now, it seems that the scope of meme coins has become much wider since emmecoin became very hyped in the last bull era.
https://www.investopedia.com/meme-coin-6750312

In this case, meme coins are always something that is considered extraordinary because the price increases are sometimes beyond reason. We understand very well that the hype about meme coins is not over yet. And it looks like it will continue. Meme coins have become very popular because they can generate very high profits in a very short time. But on the other hand, meme coins are a threat to beginners who don't understand the flow and suffer high losses.

[Thessa08]

Meme coins, such as Dogecoin and Shiba Inu coin, are important for engaging communities, introducing people to cryptocurrency, and diversifying the crypto landscape. They offer opportunities for quick gains but also come with high risks due to their speculative nature.

[labid846]

Memecoins can  also create liquidity pools where users provide their coins for others to trade against on decentralized exchanges. This  process enables users to earn a share of trading fees while to contributing to the liquidity and efficiency of the memecoins market.

[Ember madison]

Meme coins serve as vehicles for exploring blockchain tech, driving community engagement, and reflecting internet culture's influence on financial markets.

[UNIVERSE]

Are meme coins something to consider or are they just scams?

In fact, the main purpose of coin memes was created just as a joke, a funny idea. which was created initially as a satire on the Bitcoin hype at that time. That was the aim of creating Dogecoin at that time in 2013. On the other hand, this meme coin (Doge) was also ultimately used and utilized as one of the payment methods on several platforms, because the fee was quite small. The difference is, at that time, the meme coin wasn't really that valuable.
https://crypto.com/university/what-are-meme-coins

However, as time went by, since the Dog hype, lots of meme coins have emerged, even now they are unstoppable. And many of them just create meme coins and then let it all go as it is. What's important is that they hype first and invest a lot. It seems that the essence of meme coins is no longer really thought about anymore, as long as it can be hyped, there will be the possibility of big profits or, conversely, big losses.

[forum-patron]

Judging from the various presences of Meme coins in various cryptocurrency markets, it seems like a balance or complement to major coins such as Ethereum, BNB, Solana. The more Meme coins circulating on the blockchain, the more main coin transactions are used for transaction gas.
Until whenever it continues like that and Meme coins are needed by the parent coin as well to increase the popularity of the native coin itself, this is just my observation of the many meme coins circulating in various markets.

[Freemind]

The importance of meme coins?. Meme coins don't matter, and I'm talking about blockchain or projects that have the purpose of improving the industry in some way. Meme coins could be funny a few years ago, when they were very few, for some time now, every day 30 new meme coins appear that only have a single purpose, to fill the wallets of some. In fact, people who usually buy meme coins do so to sell them when the majority of the market buys, so they are pure speculation without any other sense or purpose. That's why I personally think that meme coins are not important, they don't contribute anything in terms of development or technology, since anyone can create a meme coin in a matter of minutes without programming knowledge.

[Sevi]

Meme coins prone to massive volatility and rarely offer in any practical reasons to prefer them over less lighthearted crypto names. And meme voins have gained visibility due to the possibility of high returns and their role in digital culture.

[Gladitorcomeback]

Meme coins prone to massive volatility and rarely offer in any practical reasons to prefer them over less lighthearted crypto names. And meme voins have gained visibility due to the possibility of high returns and their role in digital culture.

The potential of providing huge returns is the reason why they are so popular these days. Meme coins have become one of the most well-known trends of the industry because people who are entering the market as new investors are taking a lot of interest in meme coins and shit coins because they want quick profits with low investments so they take the risk of investing in meme coins and hope for great results.

Seasoned traders and investors barely put in much trust in them because they know meme coins don't provide any utility and there is no guaranteed returns as most of them usually die before they make it into the market or gain enough attention in the industry.

[vegasus]

Are meme coins something to consider or are they just scams?

Meme coins, this is complicated, isn't it? Because if we say scams, in fact there are still many people who also get high profits from these meme coins. However, if we say legitprojects, then we also know that there are a lot of losses due to meme coins. So, in essence, whether it is a scam or not will depend on each individual's use of these meme coins.

When we only choose meme coins because of the hype and without prior analysis of when to buy them, we will actually experience losses afterwards. However, if we can analyze it first before that, there is a possibility that we can get high profits from meme coins. However, of course the risks are very high, it is not recommended for beginners.

[bayu7adi]

How does meme coin scam? Meanwhile, the business model is like that, looking for ways to increase prices by playing with demand and supply or other price driving factors. Functionally, there is nothing special, because it was designed for the community only as the name "MEME" suggests...don't have high hopes for meme coin, the price can be destroyed in an instant and can also fly up in a short time. The volatility is very high.

If you are intrigued by the price increase, but are worried about the potential scam, you can buy a small amount, maybe $1 or $10 to try out the roller coaster of a highly volatile coin.

[DabsPoorVersion]

There are legitimate and scam meme coins. It's just a matter of how you would determine if that specific meme coin that you are about to invest in is the legit one. Some even say that investing in meme coins is much more becoming a meme, imagine that investing a small amount of money can sometimes result in multiplying at an unimaginable amount.

You may also compare investing in meme coins to gambling as the risk is too high that your chance of multiplying your money will be up to your luck. There are also some chances that you will become a victim of scam meme coins. Even after trying to verify the legitimacy of the meme coin, there's no way to determine it with 100% legitimacy until you have become a victim.

[Freemind]

There are legitimate and scam meme coins. It's just a matter of how you would determine if that specific meme coin that you are about to invest in is the legit one. Some even say that investing in meme coins is much more becoming a meme, imagine that investing a small amount of money can sometimes result in multiplying at an unimaginable amount.

You may also compare investing in meme coins to gambling as the risk is too high that your chance of multiplying your money will be up to your luck. There are also some chances that you will become a victim of scam meme coins. Even after trying to verify the legitimacy of the meme coin, there's no way to determine it with 100% legitimacy until you have become a victim.

I agree with you in what you say in the first point of your post. But unfortunately that time has passed. Nowadays it is practically impossible to earn the amounts of money you say with an investment of, for example, $10 or $100. It must be taken into account that there are many whales waiting for the launch of any memecoin who are willing to spend thousands of dollars to buy billions of coins/tokens waiting for a price increase, which makes it impossible to have the profitability that we could obtain a few years ago with even lower investment amounts.

Furthermore, nowadays the memecoins that are launched on the market (several dozen every day) end up abandoned or being a scam, which is why it is becoming an increasingly dangerous and expensive game, since competing with whales is usually impossible, unless we put more money on the table and are willing to play.

[Dr.Bitcoin_Strange]

Are meme coins something to consider or are they just scams?

Well I wouldn't say all meme coins are scam tokens, but as the name implies, meme coins were intended to be just a joke, but some meme coins managed to break the drill and attained somewhat level of authenticity and legitimacy.

Although a lot of meme coins are mostly pump and dump projects. The creators create the token with no actual practical use case but pay social media influencers and celebrities to hype the tokens so people can gain interest in the token and then artificially push up the price of the token and when the token has attained a significant peak, the creators of the token quickly sells off their coins which is often a higher ratio of the token, rendering the project worthless.