Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Master107 on July 09, 2021, 06:41:34 AM
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Unexpectedly, there are meme coins now with huge holders, community, and listed in different exchange even though the token supply is in quadrillion or trillions. Still some of them manage to increase more than 50%, 100%. The hype is real. :D
There are potential project build in strong crypto foundation and yet does not gain much attraction and has a lesser holders. They have clear platform and vision to develop a meaningful project focuses in particular aspect. Yet those projects remains silent and does not hype yet. (Of course not all)
For you what is the impact of meme tokens?
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This should point out to you the essentiality of a community and adoption. Community drives adoption. Example, Dogecoin and Shiba Inu. Those communities run into millions
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Well, there is nothing we can do with the proliferation of meme tokens all because they are well-received by the community they are building. However, I am sure that months and years from now they will be gone and there will be people who are left with empty plastic bags. As long as investors of meme coins are well-informed of the potential risks involved in what they are getting into then I would not have any problem with this though generally speaking any failed project in this industry can have an impact on how the mainstream population can be perceiving us.
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There is a good use of hype at times for the short time traders and profit takers. Most of these coins/projects have some good purpose of coming up with these projects, but with proper marketing strategy and different community supporters there could be some good reach. As for doge coin, it has been over the years and somehow has gained it's ground in the crypto space, but was needing supporter(s), now it has gotten one, there is room for better future with doge.
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We know that not have any future, any use case of this type shit project, but we know that some month ago many people make a very good profit from mem project. This is correct that buy, make profit and sell meme token, don’t hold it on wallet for more profit.
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We know that not have any future, any use case of this type shit project, but we know that some month ago many people make a very good profit from mem project. This is correct that buy, make profit and sell meme token, don’t hold it on wallet for more profit.
The lose of one, the win of another. Crypto cycle.
Not just meme, Even rug pull project would not let the community notice their evil intentions until the day of unveiling the secret that they are evil. Before it took place, some from community already won profit and some lose their investment.
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So far I don't really believe in such shit coins such as meme coins and other new coins. because it is too risky to take and trade them. But there are many people who only follow the hype of meme coins. Watch out for this mate. There is very high riks on this
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+1
I am not very unexpected with Meme Coin's rise during this period. As a topic before, I believe that Doge and its allies will be the Crypto to lead the new bullrun phas, because whales just need some small capital to pump meme coins prices to the moon, stimulate the investor's greed and attracted cash flows into the market.
When the market is officially signal to recover when BTC price overcomes $42K, the Top Coins will still show us their great potential.
Unfortunately many holders sold their top coins to buy meme-coins.
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Unexpectedly, there are meme coins now with huge holders, community, and listed in different exchange even though the token supply is in quadrillion or trillions. Still some of them manage to increase more than 50%, 100%. The hype is real. :D
There are potential project build in strong crypto foundation and yet does not gain much attraction and has a lesser holders. They have clear platform and vision to develop a meaningful project focuses in particular aspect. Yet those projects remains silent and does not hype yet. (Of course not all)
For you what is the impact of meme tokens?
After everything that has happened with Dogecoin and thanks to Elon Musk, everybody wants to build a meme coin and most investors too, are getting into any form of meme coins that is out there hoping for the hype to continue to take them to higher profits. I guess most have been fortunate to make profits from them and I guess this wouldn't last very long but like other shitcoins, most of them will fade away too and I don't see much impact they will have on other cryptos negatively though.
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From a financial perspective, most of them buy meme coins because they want to make a quick profit, sometimes I see the increase can reach 1000%. So far, I personally haven't really felt the impact of meme coins on the crypto ecosystem.
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From a financial perspective, most of them buy meme coins because they want to make a quick profit, sometimes I see the increase can reach 1000%. So far, I personally haven't really felt the impact of meme coins on the crypto ecosystem.
Haha. Me too didn't feel the real impact of meme coin, instead, I view all of them as one day profit or one day hype then eventually fall to zero or stable coin it seems. :D
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After the doge pumped many meme coins has been created but this meme hype will be over soon, for sure it would be a big dump if the hype is no more.. I rather to invest the real project because it will surely moon in the future..
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After the doge pumped many meme coins has been created but this meme hype will be over soon, for sure it would be a big dump if the hype is no more.. I rather to invest the real project because it will surely moon in the future..
the most appropriate action, because by doing so you already believe that behavior that wants to seek temporary gain cannot be a good alternative. who only rely on someone from the news where there is an element of interest, will not always be a good thing, also for the development of crypto itself.
there are still many good alternative coins to invest because the basis of the management is quite proven to be very good.
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I am not a fan of meme coins to be honest because we ahould look out for real solutions and support them by investing in them rather than in some ponzi looking fun coins.
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Memecoins? I don't think that meme can be potential tokens for the next. I see that meme coins may have their great changes and rises only in a short time. But, it is very risky to hold those meme coins. We even know that meme coins are full of pump and dump conditions. That is why I will not see this as a potential coin, if we are new, better to stay away from them.
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meme coin such as Dogecoin has been roaming around the cyberworld for a long time 7 years or more and it's potential predicted before was slim until such influential celebrities like rappers, tv personalities, Hollywood people, athletes, social media influencers, tweets, and billionaires. The skyrocketing value of the said coin has shocked the crypto world, so the bottom line is that the potential of this meme coin depends upon the influence from the marketing exposure.
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Many people are making money and drowning in meme coins, according to me only a few meme coins will last long.
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Meme tokens have basically two functions, the first is to make the team (there is rarely more than one member in the team) make a lot of money with the first investors, and then spend part of that money to pay youtubers or crypto influencers to promote the project. At that time the FOMO appears and many people buy very expensively what the first investors bought. Of all the meme tokens currently on the market, maybe two of the ones I know of have a more or less continuous development, the rest is garbage.
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Many people are making money and drowning in meme coins, according to me only a few meme coins will last long.
Once the meme token will do the metamorphosis process. They will launch new face with extravagant target. Majority of meme token is vanishing. Seldom to see meme do the metamorphosis process.
@Freemind
Yeah, more meme tokens are producing money now, garbage later. Not safe to invest on it. However if that meme token is like the other one shifting into another level planning to conquer the best exchange. Good to buy and hold for about 3 to 4 years. ;D
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@Freemind
Yeah, more meme tokens are producing money now, garbage later. Not safe to invest on it. However if that meme token is like the other one shifting into another level planning to conquer the best exchange. Good to buy and hold for about 3 to 4 years. ;D
In all of this, exchanges are also very important, as they make these meme tokens work in one way or another. For example, Etoro and Coinbase are going to list Shiba Inu, it is true that this project has a solid development and team, but it is still a meme that was born from another meme. I don't know where the market is going (and the people) when the success of a project is marked by exchanges, rather than really good new projects.
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It is very reliable because I am sure that cryptocurrency is inspired by various things that exist in the real world, such as from food, animals, planets and various objects that exist in the real world.
I saw Meme from Dogs making super coins and continuing to be able to expand their business to the top of the mountain or more precisely to the Moon, DOGE is the coin I mean!
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Actually all those memes want to be like Doge, but not because Doge is a big project or does something that no other coin or token can do, those "projects" want to be like Doge to entice newbies to invest and hopefully create another stupid pump and dump coin. The worst thing is that new ones appear every day, I don't know how many "Inu", "Dogi" and "Floki" there are in CMC.
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Actually all those memes want to be like Doge, but not because Doge is a big project or does something that no other coin or token can do, those "projects" want to be like Doge to entice newbies to invest and hopefully create another stupid pump and dump coin. The worst thing is that new ones appear every day, I don't know how many "Inu", "Dogi" and "Floki" there are in CMC.
For now, I don't think about meme tokens. I think It's just fomo, because doge coin has touched new ATH before dumped.
I personally prefer invest in NFT, I think It will have greater future than meme tokenism .