Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Meme Coins => Topic started by: BattleAxe1 on July 01, 2024, 08:38:19 PM
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Some things in the Crypto space go beyond Technical analysis and fundamentals. Especially looking at the recent emerging Memecoins, you may agree with me that it often scrambles every sense of what is normal.
Previously, tokens that got the most attention and dominated the market were those with an expert team behind them, well detailed promises, plans or roadmap for them to get traction in the crypto market. But the recent twist in events keeps one wondering.
What are the "amazing" things you've noticed about recently developed or launched Memecoins that you would like to share. Let's have them.
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What are the "amazing" things you've noticed about recently developed or launched Memecoins that you would like to share. Let's have them.
I have noticed fraud developers who create meme coins and when such meme coins get enough liquidity then they sell off their holdings and make profit from that approach. Especially Solana based meme coins allowed the scammers to scam others legally without worrying about any legal issues.
Another thing that I noticed about good memes is that the community is the real power of those memes and without a good community a meme coin can't survive a bit. Another thing I noticed about memes is the timing of the years or events that allow those memes to gain value.
I believe if someone wants to invest in meme coins then that person should always try to invest in only established meme coins with at least $1B market cap.
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What are the "amazing" things you've noticed about recently developed or launched Memecoins that you would like to share. Let's have them.
You're pertaining about those recently developed meme coins only? None.
There are no amazing things about these recently created meme coins because most of them are being created just for the sake of money for the developers. Some of them don't even have a roadmap, or a team of developers at all. Some aren't even transparent at first place. I mean how can you trust a project that's very shady at first place.
If there's an "amazing" thing about these meme coins, maybe it's the fact that they can still attract investors despite of the red flags that have been shown.
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From meme coins, what is amazing is that there are moments where a coin can experience a very powerful pump and can even provide hundreds of times profits for the holder... and this happens very rarely.. meaning this is similar to gambling, but not real gambling. actually...
The fundamentals of meme coin are very weak, we can't even discuss the fundamentals too deeply, many of the holders just hope that the price will pump and they will come out with a profit... that's all, many of them don't want to hold it for too long, because usually after The pump will dump until we can no longer see the green candlestick.
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If the most famous Memecoin, which is Dogecoin, started as a joke, what is your expectation for the rest of the projects, which did not appear until after talk about Dogecoin started and the price of the currency rose a lot?
Memecoins that operate on the principle of proof of stake have no future, as the limited quantity, low fees, and mining are what give these currencies value in the future, but now, all that pushes the price forward is news and short-term pumping from investors.
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What are the "amazing" things you've noticed about recently developed or launched Memecoins that you would like to share. Let's have them.
You're pertaining about those recently developed meme coins only? None.
There are no amazing things about these recently created meme coins because most of them are being created just for the sake of money for the developers. Some of them don't even have a roadmap, or a team of developers at all. Some aren't even transparent at first place. I mean how can you trust a project that's very shady at first place.
If there's an "amazing" thing about these meme coins, maybe it's the fact that they can still attract investors despite of the red flags that have been shown.
You get my point accurately. Not sure if I should have used the word "Amazing" or "Amuzing" yeah? But we see exceptional things with Memecoin. Imagine the features we mentioned "Not having a roadmap" yet investors still go for them despite the "flag". Not sure it's "red" any longer.
Since I research about memecoins a lot. Did you know I found one recently that without a road map or plans, within a few days had made 6k%. It just got listed on some CEX and is still getting traction.
I guess you've observed just what others have noticed about memecoins.
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My surprise about recently launched meme coins is that most of them are scams. I actually consider memecoin roadmap as a game because they won't pump all time. When they enter the exchange market they create hype in a very short span of time then they disappear under the sea. How do you see it? Have you noticed that most meme coins only get hyped once in the market? Anyway i am not blaming all meme coin but for newbies it is necessary to know them.
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What are the "amazing" things you've noticed about recently developed or launched Memecoins that you would like to share. Let's have them.
I have never been a fan of meme coins and I'm glad that it's the same people that collect each other liquidity from one platform to another, so many people have learnt their lessons from the last bullrun otherwise this one would have been another crazy moment in this bull run because meme are now a liquidity hunting of a thing where developers now rugpull projects from one liquidity pool to another. Hardly can you even point a token as meme coin that is not a falil project, it's very hard because they are used for what they are known for which is fun.
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Some things in the Crypto space go beyond Technical analysis and fundamentals. Especially looking at the recent emerging Memecoins, you may agree with me that it often scrambles every sense of what is normal.
Previously, tokens that got the most attention and dominated the market were those with an expert team behind them, well detailed promises, plans or roadmap for them to get traction in the crypto market. But the recent twist in events keeps one wondering.
What are the "amazing" things you've noticed about recently developed or launched Memecoins that you would like to share. Let's have them.
Well, obviously, when a road fails, people look for, or start using the available alternatives.
It is exactly what is happening, or has happened to the type of projects you described, those with expert team, well detailed promises, expert roadmap and so on, several of such projects have failed, and tokens without utilities seems to have survived even much longer than those ones which promised heaven on earth and at the end of the day, deliver absolutely nothing.
This is exactly why many have decided to turn to meme coins, abandoning the technologically backed projects, or some investor little on them from the profit they make investing heavily on memecoins.
But anywayz, in the future, I believe the table will turn around again, most especially when most technologically backed projects start to prove themselves worthy of investors money again.
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Some new meme coin gives us amazing 100% profit all of a sudden, but not all meme coin gives such profit, think 1 meme coin out of 100 meme coin will give you such profit, and all others are fake, that is obvious. Investing in them is high risk just like gambling. That's why it's better to stay away from them, because they are more likely to cause harm than gain.
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POW memecoins may have a future when Bitcoin mining becomes unprofitable and miners move on to mining Litecoin or Doge, but POS memecoins are dead projects and depend on promotion in the news to gain momentum.
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POW memecoins may have a future when Bitcoin mining becomes unprofitable and miners move on to mining Litecoin or Doge, but POS memecoins are dead projects and depend on promotion in the news to gain momentum.
Who coined the term POW memecoins?
LTC werent considered such. Dogecoin wasn't even called memecoin. Doge I believe already was up and running and the meme started years after which means Doge wasn't created as memecoin until Elon started that it.
The real memecoins are those Shib and the rest of the dogs, cats and frogs.
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Who coined the term POW memecoins?
The simplest definition of memecoin is that it is a cryptocurrency based on a meme. Dogecoin was an example of a memecoin, and all currencies began trying to be a memecoin because of the success achieved by Dogecoin after Elion Musk began tweeting about it.
POW is a description of how to add new blocks. I believe that the future may be for memecoin that operates on the POW principle if mining on Bitcoin becomes unprofitable and there is no future for POS memecoins.
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Some things in the Crypto space go beyond Technical analysis and fundamentals. Especially looking at the recent emerging Memecoins, you may agree with me that it often scrambles every sense of what is normal.
Honestly, when it comes to meme coins, I don't even think about the fundamentals, because most of them are nothing special, right? Yes, that's the general concept of meme coins. It's just that when you really want to invest in meme coins, there will definitely be certain strategies which may sometimes be quite different for us to invest there and in other coins which are actually for the long term. As for meme coins, that's short term only.
Well, this time, for coins, usually you will be much more concerned about finding them on various social media which might just bring up the coins to be hype. And if you have a chance to get hype, just try putting some money into the coins early before listing, rather than hoping that the meme coin will rise drastically. because usually shortly after listing, most of the meme coins will really go up and skyrocket in price. After that, just take profits straight away. Then let go and forget, look for other meme coins.
This is based on my method and my strategy, because it's just a bit of luck here because not all the meme coins that we buy can experience hype.
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What are the "amazing" things you've noticed about recently developed or launched Memecoins that you would like to share. Let's have them.
When meme coins are at the peak of popularity, various scam developers try to increase interest to invest in their coins with false promises and road maps. When they can complete their mission i.e. get a significant amount of money from that project, they run away and later create a new project again to lure investors. It is believed that scammers continue to do this kind of work. Due to which the number of meme coin projects is more, it becomes more difficult to select the best projects. Again, some meme coin projects promise to enroll investors from the ICO and later change the terms. They are no longer active later.
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People buy memecoins for mere purpose of getting rich quick, and as long as this motivation (or whatever you wanna call it) is there, memecoins will continue to thrive.