Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Meme Coins => Topic started by: Coincollector on November 01, 2024, 03:02:56 PM
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I've come across a meme coin with a religious narrative for the first time. "Luce" is inspired by the Vatican's 2025 Jubilee mascot, and unlike other meme coins, it has a total supply of 1 billion tokens.
From what I can gather on Twitter, it’s gaining significant attention—reaching about an 80 million market cap and being listed on top 5 platforms just five days after its launch. I thought I’d share, as it’s interesting to follow. Are any of you tracking this too?
Note: This isn’t financial advice, so please DYOR (do your own research)
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- On October 29 2024 the price was only around 0.028$ then the next day it became 0.088$ and now it is at 0.043$, well for me these meme coins are dangerous to allocate investment capital. I didn't see any reason why he got up like that.
Yes, those who invested at 0ct. 29 make a lot of profit immediately if they invested a lot in luce, but if they invest now, I think it is too risky on the part of the investors because he is obviously just hyped.
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I've come across a meme coin with a religious narrative for the first time. "Luce" is inspired by the Vatican's 2025 Jubilee mascot, and unlike other meme coins, it has a total supply of 1 billion tokens.
From what I can gather on Twitter, it’s gaining significant attention—reaching about an 80 million market cap and being listed on top 5 platforms just five days after its launch. I thought I’d share, as it’s interesting to follow. Are any of you tracking this too?
Note: This isn’t financial advice, so please DYOR (do your own research)
Have you seen that coin they called Islamic coin, I haven't seen any PR when it comes to that coin and the marketing they did was everywhere. You can literally see their banner everywhere even in coingecko and coin market cap but today what's the market cap of that coin, it's less that $100m and the trading volume combined across all exchanges is less than $1m.
This is just another way to fool people to think that it will do well and you know that it's easy to manipulate religious people, that's why they launch this meme coins and they did it on meme so they can avoid any interrogations of law enforcement. Avoid such coins.
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I've come across a meme coin with a religious narrative for the first time. "Luce" is inspired by the Vatican's 2025 Jubilee mascot, and unlike other meme coins, it has a total supply of 1 billion tokens.
From what I can gather on Twitter, it’s gaining significant attention—reaching about an 80 million market cap and being listed on top 5 platforms just five days after its launch. I thought I’d share, as it’s interesting to follow. Are any of you tracking this too?
Note: This isn’t financial advice, so please DYOR (do your own research)
Have you seen that coin they called Islamic coin, I haven't seen any PR when it comes to that coin and the marketing they did was everywhere. You can literally see their banner everywhere even in coingecko and coin market cap but today what's the market cap of that coin, it's less that $100m and the trading volume combined across all exchanges is less than $1m.
This is just another way to fool people to think that it will do well and you know that it's easy to manipulate religious people, that's why they launch this meme coins and they did it on meme so they can avoid any interrogations of law enforcement. Avoid such coins.
Without being told. Any coin projecting itself as a religious coin should be avoided by means because a coin doesn't increase itself separately without the demand of it by investors. Someone wouldn't say in the crypto space, a religious coin tends to do better than other coins that are not religious. It's those religious coins that should be avoided because they have no utilize other hype given by their believers who have the same fate as them, and they are likely to get rugpulled by their owners
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- On October 29 2024 the price was only around 0.028$ then the next day it became 0.088$ and now it is at 0.043$, well for me these meme coins are dangerous to allocate investment capital. I didn't see any reason why he got up like that.
Yes, those who invested at 0ct. 29 make a lot of profit immediately if they invested a lot in luce, but if they invest now, I think it is too risky on the part of the investors because he is obviously just hyped.
Not familiar with the token at all, but it seems like we are seeing the same price movement with all of the meme coins out there.
Low price - project being hyped - price goes up - token holders and early buyers will sell their tokens to take profit - price goes down and many will lose their money.
Like what you said, it's risky already to invest into this coin especially now that it went down already. There's a chance that it will continue to plummet especially if holders will sell their tokens even more. With that low of a market cap, I consider it as a risky investment still despite it gaining some traction like what OP said. Nevertheless, follow what OP said that we do our own research and just to add, invest what you can afford to lose.
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Have you seen that coin they called Islamic coin, I haven't seen any PR when it comes to that coin and the marketing they did was everywhere. You can literally see their banner everywhere even in coingecko and coin market cap but today what's the market cap of that coin, it's less that $100m and the trading volume combined across all exchanges is less than $1m.
i remember that and initially thought that it could do well within the islam community but perhaps not even the muslims took interest? personally i do not see the purpose of holding a religious inspired memecoin unless you are part of said religion
it can be used within their community and may serve as a convenient way of donating though i know that many religions think that money is evil so maybe some of them won’t be too eager to venture into memecoins
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Without being told. Any coin projecting itself as a religious coin should be avoided by means because a coin doesn't increase itself separately without the demand of it by investors. Someone wouldn't say in the crypto space, a religious coin tends to do better than other coins that are not religious. It's those religious coins that should be avoided because they have no utilize other hype given by their believers who have the same fate as them, and they are likely to get rugpulled by their owners
I would like to agreeing with you because most of them who are named or promote that they are religious coin they are only seeking for the investor who will invest as they are the religious coin and most of the cases these become the rugpull a short form of scams.
I always try to avoid these investing on these coin and also want to suggest everyone stay far away from the memecoins. Otherwise you just have to wait for facing the rugpull.
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This is the second time I read about a meme with religious narrative; I can't remember the first one but if you look in the market, we have no religious narrative projects that's been doing great in the market for many years.
Developers are like that they will create a meme token and create a narrative on that meme because it attracts investors based on how good your narrative is, but make no mistake about it they will become another pump and dump token and those who are late to dump are going to lose a lot of money.
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- On October 29 2024 the price was only around 0.028$ then the next day it became 0.088$ and now it is at 0.043$, well for me these meme coins are dangerous to allocate investment capital. I didn't see any reason why he got up like that.
Yes, those who invested at 0ct. 29 make a lot of profit immediately if they invested a lot in luce, but if they invest now, I think it is too risky on the part of the investors because he is obviously just hyped.
What's the current mcap now?? I think it's just starting getting a lot of attention
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I've come across a meme coin with a religious narrative for the first time. "Luce" is inspired by the Vatican's 2025 Jubilee mascot, and unlike other meme coins, it has a total supply of 1 billion tokens.
From what I can gather on Twitter, it’s gaining significant attention—reaching about an 80 million market cap and being listed on top 5 platforms just five days after its launch. I thought I’d share, as it’s interesting to follow. Are any of you tracking this too?
Note: This isn’t financial advice, so please DYOR (do your own research)
Have you seen that coin they called Islamic coin, I haven't seen any PR when it comes to that coin and the marketing they did was everywhere. You can literally see their banner everywhere even in coingecko and coin market cap but today what's the market cap of that coin, it's less that $100m and the trading volume combined across all exchanges is less than $1m.
This is just another way to fool people to think that it will do well and you know that it's easy to manipulate religious people, that's why they launch this meme coins and they did it on meme so they can avoid any interrogations of law enforcement. Avoid such coins.
Yes I noticed that coin early this year. I really have no idea what happened to it that it faded. I don't think that coin is a meme coin though? It had utilities. Payment gateway or something
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It seems like we have faced several coins whether it is related to meme coins or other types of altcoins related to religious concepts. So far, as usual, they may be easy to enter the market but also often easy to drop. Yes, because this is just hype and when it's done, what else can be optimized. It's just that, usually the concept is wrapped in religious things, and what I mean is, hmm, it doesn't make sense, because in fact, the real use case doesn't exist, even though this is one of the factors that makes a coin able to survive and develop in the crypto world.
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Looking at CoinGecko[1], the price have going down from $0.088 to $0.028 within a week. I also did quick search, but couldn't find website or social media belong to group who create this meme token. So IMO it's not great token for investment purpose.
[1] https://www.coingecko.com/en/coins/luce (https://www.coingecko.com/en/coins/luce)
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I've come across a meme coin with a religious narrative for the first time. "Luce" is inspired by the Vatican's 2025 Jubilee mascot, and unlike other meme coins, it has a total supply of 1 billion tokens.
There is no something special with this coin. Even if it is a religious narrative, it is still a meme coin. FYI, this coin has nothing to do with Jubilee mascot, please recheck again the information!
CoinGecko: "This token is not affiliated with the mascot of the 2025 Jubilee. Kindly DYOR before you proceed".
CoinGecko has warned everyone about this coin. Kindly check it carefully : https://www.coingecko.com/en/coins/luce
By the way, having 1,000,000,000 won't guarantee anything. If the coin has no fundamental, its future remains unclear. I personally warn everyone to invest in a too risky coin like this coin.
I also did quick search, but couldn't find website or social media belong to group who create this meme token.
Yep. They have no official site and have no their official social media. They only have information about where the coin is tradeable and the official twitter account of their community.
- https://pump.fun/CBdCxKo9QavR9hfShgpEBG3zekorAeD7W1jfq2o3pump
- https://x.com/i/communities/1848224166048370929
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In my experience in real-world business when it comes to religion, race, gender or certain groups, it will definitely experience losses because there are indications of discrimination, if in crypto I am also sure it will be the same as a real business where later when there is a token wrapped in a certain religion it will definitely be Dump or worthless.
If it is forced to be bought also for the utility of the religious token, what is it for? What is the purpose? And if the religious coin is created based on the Meme coin, it is the same as playing with the religion and it is not good for developing the business.
*I don't want to disagree about the meme token which is basically religious, but this is just my view of the similarities in real life business.
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I also did quick search, but couldn't find website or social media belong to group who create this meme token.
Yep. They have no official site and have no their official social media. They only have information about where the coin is tradeable and the official twitter account of their community.
- https://pump.fun/CBdCxKo9QavR9hfShgpEBG3zekorAeD7W1jfq2o3pump
- https://x.com/i/communities/1848224166048370929
I actually doubt that X/Twitter community represent this LUCE token, since many of the post/tweet doesn't talk about the token.
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With all due respect to religious people, I must say that this made me laugh a lot. The fact that this memecoin is "focused" on religion has only one possible path, a pump that will probably go to heaven and then a dump that will go down to hell. Once again, the numbers tell us the truth about memecoins.
We already know what memecoins are, no matter the context, the reason, they are all created with a single purpose. It is the less experienced users who must be very careful when investing their funds.
At least Coingecko leaves a pretty clear note:
This token is not affiliated with the mascot of the 2025 Jubilee. Kindly DYOR before you proceed.