Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Meme Coins => Topic started by: TomPluz on February 21, 2025, 04:15:29 AM
-
According to Forbes (https://www.forbes.com/advisor/investing/cryptocurrency/what-are-meme-coins-are-they-worth-investing-in/): "Meme coins are cryptocurrencies that have been produced as a lighthearted joke. Nevertheless, some meme coins have ballooned in value, gained multibillion-dollar market caps and garnered celebrity endorsements. While these characteristics suggest that meme coins offer some underlying utility or value, the truth is that nearly all of them lack anything like fundamental value or unique use cases. Instead, crypto investors often buy meme coins to be part of a community or for entertainment value. The sole use case for most meme coins is pure speculation."
These days, memecoins are taking the whole cryptocurrency industry by storm and many investors are looking into it as not anymore as a JOKE but a serious tool that they can make money from...imagine that it is only here with memecoin where one can experience x1000 and even more profits.
Now, am just curious, if a memecoin will be introducing good and viable utility use-cases and that the market of users will appreciate, can it level up and not anymore be categorized as a memecoin?
-
According to Forbes (https://www.forbes.com/advisor/investing/cryptocurrency/what-are-meme-coins-are-they-worth-investing-in/): "Meme coins are cryptocurrencies that have been produced as a lighthearted joke. Nevertheless, some meme coins have ballooned in value, gained multibillion-dollar market caps and garnered celebrity endorsements. While these characteristics suggest that meme coins offer some underlying utility or value, the truth is that nearly all of them lack anything like fundamental value or unique use cases. Instead, crypto investors often buy meme coins to be part of a community or for entertainment value. The sole use case for most meme coins is pure speculation."
These days, memecoins are taking the whole cryptocurrency industry by storm and many investors are looking into it as not anymore as a JOKE but a serious tool that they can make money from...imagine that it is only here with memecoin where one can experience x1000 and even more profits.
Now, am just curious, if a memecoin will be introducing good and viable utility use-cases and that the market of users will appreciate, can it level up and not anymore be categorized as a memecoin?
Going to answer your last paragraph by the first paragraph you have given, except we know the kind of crypto project we are taking, get used to their developers and track on their records on perpetual performance, we may not just have to choose on a random coin for anything, because most of them were just created out of joke, fun and cannot have a feasible utility for their creation except all these has been defined already from their plans.
-
According to Forbes (https://www.forbes.com/advisor/investing/cryptocurrency/what-are-meme-coins-are-they-worth-investing-in/): "Meme coins are cryptocurrencies that have been produced as a lighthearted joke. Nevertheless, some meme coins have ballooned in value, gained multibillion-dollar market caps and garnered celebrity endorsements. While these characteristics suggest that meme coins offer some underlying utility or value, the truth is that nearly all of them lack anything like fundamental value or unique use cases. Instead, crypto investors often buy meme coins to be part of a community or for entertainment value. The sole use case for most meme coins is pure speculation."
Basically all meme coins are actually just schemes created by different investors. There isn't much of a difference between them because they all follow the same trend of pumping the coin by bringing investors through advertisements and hype and then dumping it when the liquidity is very high taking it to a very low market cap in just a short period of time.
The hype that mean coins have in the crypto ecosystem currently is because of the fact that people try to adopt them because they seem to bring a lot of profit within a very short period of time compared to regular investments.
-
Meme coins do not have any utility, it is as simple as that. Investors do not look for utility in memecoins, they look for a way to simply multiply their money and it does not always come off for them. I will simply classify memecoins as pump and dump coins and really nothing more.
-
Now, am just curious, if a memecoin will be introducing good and viable utility use-cases and that the market of users will appreciate, can it level up and not anymore be categorized as a memecoin?
Well, if a meme coin isn't a joke then we should not call it a meme coin but an Alt coin. And, to be honest most meme coins aren't joke these days, they are created with some intention and that's to steal money from investors and that's a reality.
I still believe that Doge Coin is way better than most other meme coins as it offers much more than most meme coins, especially it's 100x better than those Solana based meme coins.
-
Meme coins do not have any utility, it is as simple as that. Investors do not look for utility in memecoins, they look for a way to simply multiply their money and it does not always come off for them. I will simply classify memecoins as pump and dump coins and really nothing more.
even memecoins with utility do not have a guaranteed spot at the top because as you said everyone is busy looking for money grabs however people are starting to get tired of memecoins’ pump and dump schemes and instead are hoping for memecoins to get legitimate and start acting as respectable altcoins instead
-
According to Forbes (https://www.forbes.com/advisor/investing/cryptocurrency/what-are-meme-coins-are-they-worth-investing-in/): "Meme coins are cryptocurrencies that have been produced as a lighthearted joke. Nevertheless, some meme coins have ballooned in value, gained multibillion-dollar market caps and garnered celebrity endorsements. While these characteristics suggest that meme coins offer some underlying utility or value, the truth is that nearly all of them lack anything like fundamental value or unique use cases. Instead, crypto investors often buy meme coins to be part of a community or for entertainment value. The sole use case for most meme coins is pure speculation."
These days, memecoins are taking the whole cryptocurrency industry by storm and many investors are looking into it as not anymore as a JOKE but a serious tool that they can make money from...imagine that it is only here with memecoin where one can experience x1000 and even more profits.
Now, am just curious, if a memecoin will be introducing good and viable utility use-cases and that the market of users will appreciate, can it level up and not anymore be categorized as a memecoin?
Memecoins can also mature, DOGE is a prime example. It has become so popular and has such a large community that it has been accepted as a payment method in many places, including Tesla and SpaceX. We no longer refer to DOGE as a fun token, it actually has value and is gradually becoming a younger version of BTC.
SHIB also has its own technology to meet the needs of users, not just a worthless memecoin. However, not all memecoins can perfect themselves, most of them will soon be eliminated from this market in the crypto winter 2026!
-
Meme coins do not have any utility, it is as simple as that. Investors do not look for utility in memecoins, they look for a way to simply multiply their money and it does not always come off for them. I will simply classify memecoins as pump and dump coins and really nothing more.
even memecoins with utility do not have a guaranteed spot at the top because as you said everyone is busy looking for money grabs however people are starting to get tired of memecoins’ pump and dump schemes and instead are hoping for memecoins to get legitimate and start acting as respectable altcoins instead
It is undeniable that most people who enter the memecoin market are hoping for great luck. Because when we analyze from any side it is very difficult to do so, I can even say it cannot be analyzed at all.
Just relying on the luck of the hype that can be created, that's all I can see from the existence of this memecoin. And I think most people will agree with that.
-
Now, am just curious, if a memecoin will be introducing good and viable utility use-cases and that the market of users will appreciate, can it level up and not anymore be categorized as a memecoin?
Yeah, that's Doge:
https://www.altcoinstalks.com/index.php?topic=319092.0
TLDR:
1) Dogecoin is one of the most used coins out there, in the number of transactions per day it goes most of the time beyond what Bitcoin and Ethereum combined have
2) One of the cheapest and fastest coin to transfer value
3) It's one of the most used coins and one of the few that are present in most Bitcoin ATMS
4) Used by all payment processors
5) Used by casinos, shops, and every single merchant that deals with crypto accepts doge
Add complete decentralization, no ICO, minable, and having its own chain, so more akin to Bitcoin than anything else.
-
Many meme coins rely on social media buzz and celebrity endorsements, which can be manipulative. If the hype dies down, the price may drop lot of and you will got more loss. Some meme coins have little or no real use outside of their mime status. This lack of utility can make it susceptible to price changes based only on guesswork. Even with the short lived popularity, excitement about meme coins can fade surprisingly quickly. A small number of meme coins have been popular over the years, but there are some exceptions. Most meme coin campaigns generally have a short lifespan.
-
Now, am just curious, if a memecoin will be introducing good and viable utility use-cases and that the market of users will appreciate, can it level up and not anymore be categorized as a memecoin?
It doesn't seem like it will be that easy. If it's Doge, well, we don't need to hesitate anymore. However, for other meme tokens, especially those that have recently emerged or are already hyped, it will be quite difficult to do so. Because even meme tokens are known as crypto that has no fundamentals, no utility, which is made for fun and jokes only. and even for now, it's just a pump and dump game, as long as it has a large community, meme tokens will be very easy to hype so that their prices will go up. but after that? It's like who cares anymore, as long as the developer and investors have taken profit, yes in the end the meme tokens will immediately drop again and disappear. That's why the underlining of this project seems to be non-existent.
-
Meme coin remains a fun tokens anytime, if it is not meme, then it must be other tokens with utility. It was first created many years ago as a fun token and nothing has changed, though this days meme has turned investors destination basically for profit.
Honestly, meme projects has successfully dragged Major investors into the meme community, pulling out huge capital from the utility tokens, and will may wait for a longer time for for investments reversal in my opinion.
-
Now, am just curious, if a memecoin will be introducing good and viable utility use-cases and that the market of users will appreciate, can it level up and not anymore be categorized as a memecoin?
It doesn't seem like it will be that easy. If it's Doge, well, we don't need to hesitate anymore. However, for other meme tokens, especially those that have recently emerged or are already hyped, it will be quite difficult to do so. Because even meme tokens are known as crypto that has no fundamentals, no utility, which is made for fun and jokes only. and even for now, it's just a pump and dump game, as long as it has a large community, meme tokens will be very easy to hype so that their prices will go up. but after that? It's like who cares anymore, as long as the developer and investors have taken profit, yes in the end the meme tokens will immediately drop again and disappear. That's why the underlining of this project seems to be non-existent.
To be more precise, the memecoin use case after achieving good stability, it has more potential to have long-term durability... compared to meme coins that only rely on momentary hype... DOGE has been around for a long time, and its price has gradually increased over time... there are indeed flash pump moments too, but they are not as many as the newly born memecoins..
Even though the newly born memecoin use case is explained at the beginning, it will still be difficult to survive, because its competitors are not ordinary coins... new recently memecoin is too focused on imitating other previously successful coins... copying their use cases to be used as promotional materials. We knew it wouldn't last long..
-
To me a think memecoins are still in so many ways far better than airdrops because they are still of the great advantage of making more despite the risk in them than on airdrops we stand to gain nothing at the end of hunting after them, we also have to know that in cryptocurrencies, things are not expected to be the same, just as bitcoin is made being different, other coins, tokens or airdrops will also have to follow under the kind of their own pattern, which everyone of us must understand and know about these differences before choosing one.
-
Going to answer your last paragraph by the first paragraph you have given, except we know the kind of crypto project we are taking, get used to their developers and track on their records on perpetual performance, we may not just have to choose on a random coin for anything, because most of them were just created out of joke, fun and cannot have a feasible utility for their creation except all these has been defined already from their plans.
Back then, it was practically easy to know even admin of a project people invest on because there is little project around those time. There was nothing like meme coins, even ICO people were accountable for the fake coins they sold but today, people launch coins for fun and they don't bother to check, just enjoy the profits and that's all.
Until we learn to realize that what is important is real utility projects are what we need and not some of this shit coins but I don't sometime blame investors taste, even some real coins that we think are real are fake and scams too.
-
-snip-
people launch coins for fun and they don't bother to check, just enjoy the profits and that's all.
Not only for fun, but those who launch memecoins in a fast time certainly aim to profit from the memecoin.
Many scammers do this practice and they can earn millions of dollars very quickly through the launch of memecoins that follow the latest trends.
Thousands of memecoins appear every day and thousands of memecoins are also scams right away,
only taking money from retail traders who hope to get thousands of percent profits but in fact are only an exit liquidity for scammers.
-
Thousands of memecoins appear every day and thousands of memecoins are also scams right away,
only taking money from retail traders who hope to get thousands of percent profits but in fact are only an exit liquidity for scammers.
Yes, those type of meme coins appear mostly on Solana blockchain, most probably on platform like Pump.fun, those who want to lose their money should consider investing on those useless meme coins. They hold no real world value but are created by scammers who get so much money from innocent investors or in exact words from greedy investors.
-
They hold no real world value but are created by scammers who get so much money from innocent investors or in exact words from greedy investors.
honestly at this point, can we still call these investors innocent? there have been warnings of memecoins or projects that could potentially make an investor lose out and yet investors never learn and they continue to take big risks in hopes of big rewards as well but they all end up losing anyway
at that point you should not be innocent and you should be knowledgeable enough to make the right decisions
-
Meme coins, hmm, a prolonged and often occurring dilemma. Want to ban it, it also seems impossible because this is a very tempting business. While if left alone, the answer is that meme coins will always appear, so we ourselves must do a good enough filter to detect projects that are suspected of being scams.
-
.....
Now, am just curious, if a memecoin will be introducing good and viable utility use-cases and that the market of users will appreciate, can it level up and not anymore be categorized as a memecoin?
Well, have you forgotten the DOGE coin which was originally a meme coin has now changed into one that has a lot of utility. Look at the Doge coin which is already widely used by all major companies for payments, look at Binance which almost every day millions of DOGE coins in-out to Binance-Coinbase-Bitfinex etc.
I think the DOGE coin is now not just a meme coin but the DOGE coin is a coin that is super widely used by the community in the cryptocurrency space.
My choice is the DOGE coin is a coin that is not a Meme coin, if I have cryptocurrency Mining skills then I will definitely mine DOGE coins for profit in my life.
-
Meme coins, hmm, a prolonged and often occurring dilemma. Want to ban it, it also seems impossible because this is a very tempting business. While if left alone, the answer is that meme coins will always appear, so we ourselves must do a good enough filter to detect projects that are suspected of being scams.
The billions of dollars on meme coins is too late to ban it now, who will bear the cost of people investment on it. It has been said and repeated many times even by the SEC that meme coins are fun and not investment but people don't care about it, they want their profits and they are either getting it or they are getting rekt, it's their choice at this point.
What it need is regulations but we all know that regulations can comes in two ways, it either favour the people in it or it affect the people involved and most likely, it will affect people definitely. It better they are left the way it's, they will get tired of the trend.
-
Meme coins, hmm, a prolonged and often occurring dilemma. Want to ban it, it also seems impossible because this is a very tempting business. While if left alone, the answer is that meme coins will always appear, so we ourselves must do a good enough filter to detect projects that are suspected of being scams.
The billions of dollars on meme coins is too late to ban it now, who will bear the cost of people investment on it. It has been said and repeated many times even by the SEC that meme coins are fun and not investment but people don't care about it, they want their profits and they are either getting it or they are getting rekt, it's their choice at this point.
What it need is regulations but we all know that regulations can comes in two ways, it either favour the people in it or it affect the people involved and most likely, it will affect people definitely. It better they are left the way it's, they will get tired of the trend.
Yes, even if you want to ban a new meme project that is about to be launched, this is also quite difficult. because there is no platform or certain party that regulates all of this. moreover, this also depends on the community, how the developers attract a lot of attention and make the meme tokens community bigger for their project. and the way is indeed related to the hype.
So what we can do is we personally have to fortify ourselves from various things, if you are interested in entering meme coins, make sure that we have a good handle and understanding of when to enter and when to exit. don't just follow FOMO, we will lose.
-
---
Now, am just curious, if a memecoin will be introducing good and viable utility use-cases and that the market of users will appreciate, can it level up and not anymore be categorized as a memecoin?
First of all, let's take the definition of meme coin based on Coinmarketcap: LINK (https://coinmarketcap.com/academy/glossary/memecoin)
Memecoins are the crypto tokens created as a joke or meme and claim to offer huge gains to holders.
Basically, meme coins are just useless coins that are being created for the sake of profit. Now if a meme coin will have a use case then it might not be considered as a meme coin anymore since most of the meme coins are useless. This definition is a bit subjective though because there are some meme coins that are being created for transaction purposes such as DOGE (in the past). Also, there are some meme coins right now that are continuously developing like SHIB and FLOKI especially SHIB because they're already creating their own blockchain and FLOKI is creating their own games.
In general, most of the meme coins are considered shit and useless, but I guess despite the fact that there are some meme coins that already have some use cases, we can't change the fact that they started as a meme coin, and will stay as a meme coin.
-
Basically, meme coins are just useless coins that are being created for the sake of profit. Now if a meme coin will have a use case then it might not be considered as a meme coin anymore since most of the meme coins are useless.
to me a memecoin is if it came from a meme
if it has a character or a joke as the project's inspiration or identity regardless of purpose or any technical factors then to me that is a memecoin the reason why many memecoins do not have purposes is because the only thing that makes it a memecoin is their identity which is why they often dont care about having an actual hype so long as they generate hype
-
- There may be many communities that will no longer accept meme coins because of the recent rugpulls, but that doesn't mean that the meme coins field industry will disappear. Of course, meme coins will still exist because they are already part of cryptocurrency. They won't disappear, I'm just saying this as a fact check.
That's why we often read that many people remind us to always be vigilant when choosing the meme coins we will buy, just always do the DYOR.
-
Now, am just curious, if a memecoin will be introducing good and viable utility use-cases and that the market of users will appreciate, can it level up and not anymore be categorized as a memecoin?
Well, if a meme coin isn't a joke then we should not call it a meme coin but an Alt coin. And, to be honest most meme coins aren't joke these days, they are created with some intention and that's to steal money from investors and that's a reality.
I still believe that Doge Coin is way better than most other meme coins as it offers much more than most meme coins, especially it's 100x better than those Solana based meme coins.
It obvious that meme coins are created as a joke coins and they will always be a joke memes anytime, whether the developers or creators are scammers, meme coins will remains the joke coins, and they can never be like utility tokens.
In addition, Dogecoin was the first popular meme coins that has experienced huge growth because of Elon Musk influence and promotions over times, however Dogecoin remains a meme coin just like others which has no long term investors.
-
If there is utility with meme coin in the initial stage, then investors will have a different view of that memecoin. The main thing is that meme coins are losing their value. Investors who hold Dogecoins get a good price for a few days, but with the passage of time, the value of meme coins starts decreasing. Since there is no utility, people's demand for the coins ends. Therefore, if meme coins have utility, then investors will have confidence in those coins but no assurance.
-
I've seen some cryptopreneurs whom have deem it feet not to go for memecoins again after having their worst ever experience in it, but later at the cause of time still finds their way coming back into it, because they have seen series of those making it from same even while they left and couldn't hold it anymore, cryptocurrency is what we have to learn, know it and understand how we could engaged on what is best and good for us, not even when we begin to compare ourselves with others, we are going to missed it.
-
Now, am just curious, if a memecoin will be introducing good and viable utility use-cases and that the market of users will appreciate, can it level up and not anymore be categorized as a memecoin?
If that token has clear utility, it provides a solution for users and it will not be a memecoin. For example DOGE may no longer be a memecoin because it has been accepted for payment in some places.
I don't think any new memecoins can achieve similar success. Most of them are born and then abused and manipulated by whales. I don't see any potential in them, they should fail and disappear quickly from the market.
-
These days, memecoins are taking the whole cryptocurrency industry by storm and many investors are looking into it as not anymore as a JOKE but a serious tool that they can make money from...imagine that it is only here with memecoin where one can experience x1000 and even more profits.
Now, am just curious, if a memecoin will be introducing good and viable utility use-cases and that the market of users will appreciate, can it level up and not anymore be categorized as a memecoin?
That's really a great question and I think it would not be called as meme coin anymore because meme coins are meant to memes which should have no use-case but just community driven, in start I was not interested in knowing memecoins much but now as I have seen how a community picks a memecoins and then when they just fed up from it just like when they fed up from a actual meme and move onto other they do the same with memecoin.
The best way is to move from one to another and go with trend, or follow whales because they set the trend most of the time. Meme coins will never have actuall use-case, BTW does Doge is meme coin anymore, as it do have use-case now, or there will be more soon. Well, let's see.
-
Yes, those type of meme coins appear mostly on Solana blockchain, most probably on platform like Pump.fun, those who want to lose their money should consider investing on those useless meme coins. They hold no real world value but are created by scammers who get so much money from innocent investors or in exact words from greedy investors.
Pump.fun really became a nest for memecoin scammers who only made memecoins and then sold them when many people started to enter.
There are many cases that were sensational in the pump.fun because it became a live streaming venue that was quite brutal, even showing violence and planning of murder and exploitation of children, etc.
It has received criticism from many parties so that many countries have begun to block pump.fun.
-
Yes, those type of meme coins appear mostly on Solana blockchain, most probably on platform like Pump.fun, those who want to lose their money should consider investing on those useless meme coins. They hold no real world value but are created by scammers who get so much money from innocent investors or in exact words from greedy investors.
Pump.fun really became a nest for memecoin scammers who only made memecoins and then sold them when many people started to enter.
There are many cases that were sensational in the pump.fun because it became a live streaming venue that was quite brutal, even showing violence and planning of murder and exploitation of children, etc.
It has received criticism from many parties so that many countries have begun to block pump.fun.
- Not only pumpfun has become a nest of scammers but even moonshot has also become a nest of scammers, and there are other platforms that are cheap because their capital is so cheap that they can create meme coins tokens. It seems like they are just being patient.
Because when they have time to buy a lot, they will suddenly sell a lot and those who sold have already fallen victim to rigpull because of these exploitative scammers.
-
These days, memecoins are taking the whole cryptocurrency industry by storm and many investors are looking into it as not anymore as a JOKE but a serious tool that they can make money from...imagine that it is only here with memecoin where one can experience x1000 and even more profits.
Memecoins are profitable, despite the risk involved in them, they can make anyone turned a fortune overnight a d all that is required is to invest on a single meme that will change ones entire life story for good, however, we should also remember that at the same time, it constitutes a huge amount of risk in which we are more likely to lose than to make profits from it, because of their high volatility and hype which the investors rendered to them in their categories.
-
Memecoins are profitable, despite the risk involved in them, they can make anyone turned a fortune overnight a d all that is required is to invest on a single meme that will change ones entire life story for good, however, we should also remember that at the same time, it constitutes a huge amount of risk in which we are more likely to lose than to make profits from it, because of their high volatility and hype which the investors rendered to them in their categories.
Meme coins are not profitable, they are nothing but losses. In 100 meme coins that are listed on pump.fun everyday, only 2 of them get the profits and most are insider coins. The rest are just shitcoins that get rugged immediately upon listing, with that can we really say meme coins are profitable? They are not in my opinion.
Try and review some of the meme coins that Binance has listed in the last 1 year, none of them has made all time high and many of them are dead, some are looking like they are not having team but they are chilling with the profits made with another plans on mind to rugged another project.
-
-Not only pumpfun has become a nest of scammers but even moonshot has also become a nest of scammers, and there are other platforms that are cheap because their capital is so cheap that they can create meme coins tokens. It seems like they are just being patient.
Pumpfun is the biggest right now and there are a lot of memecoin projects that appear just for scams, especially after the livestreaming done by some people who make pumpfun a quite dangerous platform, this is what makes the current memecoin era need to be watched out for because 99% of memecoins that appear will only end up being scams and in the end just become garbage.
-
-Not only pumpfun has become a nest of scammers but even moonshot has also become a nest of scammers, and there are other platforms that are cheap because their capital is so cheap that they can create meme coins tokens. It seems like they are just being patient.
Pumpfun is the biggest right now and there are a lot of memecoin projects that appear just for scams, especially after the livestreaming done by some people who make pumpfun a quite dangerous platform, this is what makes the current memecoin era need to be watched out for because 99% of memecoins that appear will only end up being scams and in the end just become garbage.
These are situations that seem pretty expected in the crypto world as the more something gets popular, the more people aim at exploiting it to enrich themselves. For Pumpfun it can be seen that such an approach may attract a lot of attentions to the platform, while at the same time, it can also invite projects that have no clear agendas. They explain that if you are to invest in memecoins it is always very wise to look at who is behind the project and whether something makes it unique. For that reason, I do not have much confidence in the projects that focus on the current hype while having no real clear vision for the future.
-
.....
Now, am just curious, if a memecoin will be introducing good and viable utility use-cases and that the market of users will appreciate, can it level up and not anymore be categorized as a memecoin?
Well, have you forgotten the DOGE coin which was originally a meme coin has now changed into one that has a lot of utility. Look at the Doge coin which is already widely used by all major companies for payments, look at Binance which almost every day millions of DOGE coins in-out to Binance-Coinbase-Bitfinex etc.
I think the DOGE coin is now not just a meme coin but the DOGE coin is a coin that is super widely used by the community in the cryptocurrency space.
My choice is the DOGE coin is a coin that is not a Meme coin, if I have cryptocurrency Mining skills then I will definitely mine DOGE coins for profit in my life.
Dogecoin has not changed into any utility token, Dogecoin remains a meme coin, and might be the first meme coins that has huge support from high profile persons. Dogecoin is a joke token and will remain in this capacity, except otherwise, the team will published a news or memo for conversion from being a meme coin to a utility tokens. Nevertheless, Dogecoin became popular because of Elon Musk promotions and support for over three years counting.
-
Dogecoin has not changed into any utility token, Dogecoin remains a meme coin, and might be the first meme coins that has huge support from high profile persons. Dogecoin is a joke token and will remain in this capacity, except otherwise, the team will published a news or memo for conversion from being a meme coin to a utility tokens. Nevertheless, Dogecoin became popular because of Elon Musk promotions and support for over three years counting.
This is exactly why I consider Dogecoin as a primary example that a coin does not necessarily have to alter a lot in order to stay alive. Other cryptocurrencies have been introduced into the market and after some time they fade away, but Dogecoin has been in existence due to its increased acceptance by the public. Certainly, if Dogecoin gains other utilities in the future, it will get a great boost, although even if it remains where it was, as long as the demand works, there will be value. The nature of its creation as a meme turned into a real currency is rather intriguing especially when compared to a number of other coins which started with much more extensive concepts.
-
It has received criticism from many parties so that many countries have begun to block pump.fun.
This is the reason why I never support memes; there are a lot of bad things about memes, and this platform makes it possible to manipulate the meme market.
I consider memes as one of the bad sides of the cryptocurrency industry. So many people have been deceived and lost a lot of money, and so many entities have been exploited by its developers, so its better to stay away from investing in memes.
-
-Not only pumpfun has become a nest of scammers but even moonshot has also become a nest of scammers, and there are other platforms that are cheap because their capital is so cheap that they can create meme coins tokens. It seems like they are just being patient.
Pumpfun is the biggest right now and there are a lot of memecoin projects that appear just for scams, especially after the livestreaming done by some people who make pumpfun a quite dangerous platform, this is what makes the current memecoin era need to be watched out for because 99% of memecoins that appear will only end up being scams and in the end just become garbage.
The good thing though is that the trading volume around pump.fun is slowly declining already which shows that some investors already realized that investing into new meme coins is indeed very risky.
Still, there will be investors that are willing to risk their money hence, will continue to invest into these new meme coins, but it isn't worth it at least on my opinion. I mean what are the chances of you making money compared to the chances of you losing money. I agree with what you said that pump.fun is a dangerous website and a home to numerous scammers because anybody can just create a meme coin out there in just a few clicks. There will be a time where meme coins especially on this website will lose it's hype and investors will realize that it's not good investing on these new meme coins.
-
Now, am just curious, if a memecoin will be introducing good and viable utility use-cases and that the market of users will appreciate, can it level up and not anymore be categorized as a memecoin?
The answer is yes, any Altcoin currently in the market or that will enter the market can be categorized as a meme coin or utility coin, what differentiate them is the usecase..
When a once memecoin begins to create usecases which give the coin some utilities, it's very possible for such coin to shift from being a meme coin to becoming a utility coin, this is just how it is for me.
Though it's very possible that even after the memecoin becomes a utility coin, most may still refer to it as a memecoin, but the fact remains that, such coin only started a a meme, but with the usecases and utilities it manages to have at that moment, it's no longer a memecoin but a utility coin.
-
Meme coins do not have any utility, it is as simple as that. Investors do not look for utility in memecoins, they look for a way to simply multiply their money and it does not always come off for them. I will simply classify memecoins as pump and dump coins and really nothing more.
- You're right, there's really no utility and use case, but you'd be surprised how many people are so drunk on meme coins, they really see meme coins as a hope that can get them out of poverty. And this kind of mindset is usually only for beginners who have no idea here in the crypto space.
But if newbies only knew what a meme coin is and what they should consider before buying it, for sure there wouldn't be much to worry about if the meme coin they choose knew how to determine if it's just a scam or not.
-
Memecoins could be interesting and at the same time be disappointing, these are the challenges that some of us faces with cryptocurrency because not all of them can give us the same expectations, if we have enough years of experience in dealing with them, then we might have more information about some of them and how to go about investing under a safety precautions that will protect us from making loss in them.
-
-Not only pumpfun has become a nest of scammers but even moonshot has also become a nest of scammers, and there are other platforms that are cheap because their capital is so cheap that they can create meme coins tokens. It seems like they are just being patient.
Pumpfun is the biggest right now and there are a lot of memecoin projects that appear just for scams, especially after the livestreaming done by some people who make pumpfun a quite dangerous platform, this is what makes the current memecoin era need to be watched out for because 99% of memecoins that appear will only end up being scams and in the end just become garbage.
These are situations that seem pretty expected in the crypto world as the more something gets popular, the more people aim at exploiting it to enrich themselves. For Pumpfun it can be seen that such an approach may attract a lot of attentions to the platform, while at the same time, it can also invite projects that have no clear agendas. They explain that if you are to invest in memecoins it is always very wise to look at who is behind the project and whether something makes it unique. For that reason, I do not have much confidence in the projects that focus on the current hype while having no real clear vision for the future.
- But I've seen some content creators on YouTube giving tips on how to make a profit by sniffing profit on meme coins via pumpfun, and what they show is too good to be true, because we know that the market on pumpfun is quite volatile.
And rugpull often happens on pumpfun, and many who try it often end up burning or liquidating their funds that they gamble
on while conducting trading activities.
-
I don't know what good, viable use cases meme coins could offer? They essentially have no project or purpose, so how can they be used to provide useful things?
In addition, for a coin to provide services, it must have a suitable infrastructure, such as a blockchain or the ability to be used for payments, etc., and meme coins don't have such an infrastructure that could make them viable.
-
It has received criticism from many parties so that many countries have begun to block pump.fun.
This is the reason why I never support memes; there are a lot of bad things about memes, and this platform makes it possible to manipulate the meme market.
I consider memes as one of the bad sides of the cryptocurrency industry. So many people have been deceived and lost a lot of money, and so many entities have been exploited by its developers, so its better to stay away from investing in memes.
I definitely agree with you. Most of the people have lost their investment in these meme projects. Those who created the project they make it hype and increased the price of the coin in the market and later sold it and took high profits and those projects have been killed forever. Their job is to launch a new project and in this way they cheat and withdraw money from all the ordinary investors. That is why investors are advised not to invest in such meme projects. Those who cannot control their greed will lose their investment.
-
It has received criticism from many parties so that many countries have begun to block pump.fun.
This is the reason why I never support memes; there are a lot of bad things about memes, and this platform makes it possible to manipulate the meme market.
I consider memes as one of the bad sides of the cryptocurrency industry. So many people have been deceived and lost a lot of money, and so many entities have been exploited by its developers, so its better to stay away from investing in memes.
I definitely agree with you. Most of the people have lost their investment in these meme projects. Those who created the project they make it hype and increased the price of the coin in the market and later sold it and took high profits and those projects have been killed forever. Their job is to launch a new project and in this way they cheat and withdraw money from all the ordinary investors. That is why investors are advised not to invest in such meme projects. Those who cannot control their greed will lose their investment.
Because FOMO towards meme coins is still very large and often occurs, especially for newcomers, who see promotions or advertisements on social media, towards various hypes spread by promotions, buzzers, armies, and others. Especially during this cycle, the meme coins is very popular. With the hype of meme coins, there are many developers who want to have new projects of meme coins. But this new meme coins is very risky for the beginners.
-
Yes, those type of meme coins appear mostly on Solana blockchain, most probably on platform like Pump.fun, those who want to lose their money should consider investing on those useless meme coins. They hold no real world value but are created by scammers who get so much money from innocent investors or in exact words from greedy investors.
Pump.fun really became a nest for memecoin scammers who only made memecoins and then sold them when many people started to enter.
There are many cases that were sensational in the pump.fun because it became a live streaming venue that was quite brutal, even showing violence and planning of murder and exploitation of children, etc.
It has received criticism from many parties so that many countries have begun to block pump.fun.
- Until now, pumpfun is still infested as far as I know, and what I don't understand is why until now there are still many people who are thinking of gambling to win the jackpot on meme coin even though they know that many people have been fooled by it.
We can't blame them for the difficulty in making money in this era, but we can only feel sorry for them because they have no awareness in the crypto space that we are living in now. I hope they come to their senses and learn from the mistakes of others here.
-
- Until now, pumpfun is still infested as far as I know, and what I don't understand is why until now there are still many people who are thinking of gambling to win the jackpot on meme coin even though they know that many people have been fooled by it.
We can't blame them for the difficulty in making money in this era, but we can only feel sorry for them because they have no awareness in the crypto space that we are living in now. I hope they come to their senses and learn from the mistakes of others here.
There are several conditions that may be causing, why are there still many people who really like to enter new project memes that are about to be listed and why are there still many people who think they will get a jackpot when investing in this meme coin, even though it's like gambling.
- Maybe they have really gotten extraordinary results from their experiments or activities investing in meme coins, so it's like an addiction and they want more to get meme coins that are really worth it according to them.
- Or they only see the success of people who seem to get a jackpot for meme coins and manage to get super high returns from meme coins.
because we often see posts or typing about their success from meme coins.
-
I'm not sure what Forbes say's and what others think about memecoins. according to me, every memecoin except those that changed their path of memecoin to a gaming coin, like floki and some other are shit coins and will always be shit coins.
Those who trade memecoins are not traders, are gamblers. there are some exceptions to this statement, like for memes that are already pretty decentralized with maximum holders and have a decent historical timeline, such as doge, at least a timeline of 1 cycle survival.
-
Seriously, i don’t think a memecoin can change or level up to an altcoin because firstly, it’s certain the developers would have gained profits from launching the memecoin already and can never think of adding utility to the token, they won’t see the need for that.
Dogecoin is still not tagged a alt despite its long term success so definitely a meme coin that was created randomly can never be level up.
-
Not every memecoins we should consider if we want to make profits and still take some money home, because these memes are highly volatile, and we know by the virtue of what volatility means, such could dump or rise at anytime and we shouldn't risk much of our investment assets on them, because of the high risk associated with investment on memecoins, except we can afford to when we already know how the market runs.
-
Memecoins are profitable, despite the risk involved in them, they can make anyone turned a fortune overnight a d all that is required is to invest on a single meme that will change ones entire life story for good, however, we should also remember that at the same time, it constitutes a huge amount of risk in which we are more likely to lose than to make profits from it, because of their high volatility and hype which the investors rendered to them in their categories.
Meme coins are not profitable, they are nothing but losses. In 100 meme coins that are listed on pump.fun everyday, only 2 of them get the profits and most are insider coins. The rest are just shitcoins that get rugged immediately upon listing, with that can we really say meme coins are profitable? They are not in my opinion.
Try and review some of the meme coins that Binance has listed in the last 1 year, none of them has made all time high and many of them are dead, some are looking like they are not having team but they are chilling with the profits made with another plans on mind to rugged another project.
Despite the fact that some of us has little or no knowledge of how these memecoins works, meme has its good and bad sides, it depends on individuals experience on meme coins.
The good side of meme coins depends on how early you started investing on few notable meme like the Dogecoin, shibainu, Pepe. These meme coins has proven to be reliable and has gained huge popularity, strong marketcap, good trading volume and investors supports.
The bad side of meme coins depends on individuals capacity to identifying the pump and dump meme coin out there like the Trump meme, maga meme coins and so many others that has vanished away.
As a matter of facts, if you must invest on these meme coins, invest based on their performances on the coinmarketcap platform. Do not invest because of hype or speculations. Cary out a proper research of the newly listed Meme coins before investing, because there are too many fake meme coin out there plus scammers waiting to take advantage of the meme coins frenzy scam investors.
-
Yeah, for me If a memecoin starts offering real and useful features that people actually use and like, it can grow beyond just being a “joke coin.” Once it has real utility, it’s not just about hype anymore it becomes something with real value. People might still call it a memecoin because of how it started, but it can definitely be taken more seriously in the crypto world.
-
Yeah, for me If a memecoin starts offering real and useful features that people actually use and like, it can grow beyond just being a “joke coin.” Once it has real utility, it’s not just about hype anymore it becomes something with real value. People might still call it a memecoin because of how it started, but it can definitely be taken more seriously in the crypto world.
Definitely!! If a memecoin upgrades to having utility, it will grow beyond the shitcoin tag, i also think about it sometimes if memecoins can actually grow to be called an altcoin. Then, when I think about the level at which Doge and Shiba Inu are right now, I conclude it’s impossible.
-
Now, am just curious, if a memecoin will be introducing good and viable utility use-cases and that the market of users will appreciate, can it level up and not anymore be categorized as a memecoin?
Well, if a meme coin isn't a joke then we should not call it a meme coin but an Alt coin. And, to be honest most meme coins aren't joke these days, they are created with some intention and that's to steal money from investors and that's a reality.
I still believe that Doge Coin is way better than most other meme coins as it offers much more than most meme coins, especially it's 100x better than those Solana based meme coins.
You are correct. I see no reason why a coin will be called a memecoin when it ceases not to have joke utility in it. Memecoins mostly have joke utility, they have no other features other than that.
The main reason why memecoins are invoke in the crypto space is because that the easy way to siphon people's money. The majority of investors want quick gains, memecoins offer that to them as pump and dump
-
Definitely!! If a memecoin upgrades to having utility, it will grow beyond the shitcoin tag, i also think about it sometimes if memecoins can actually grow to be called an altcoin. Then, when I think about the level at which Doge and Shiba Inu are right now, I conclude it’s impossible.
The future of meme coin is very dark and almost all investors are now disappointed with meme coin investment. We have been enjoying the hype of meme coin for quite some time especially the Telegram gaming project. However, with the change of time the meme coin has now been tagged as a scam. Crypto memecoin is losing funds quickly so don't invest in this meme coin with disappointment. You can also call meme coin a scam as well as a shitcoin. You will only get angry about meme coin investment when you repeatedly lose money from meme coin investment.
-
Definitely!! If a memecoin upgrades to having utility, it will grow beyond the shitcoin tag, i also think about it sometimes if memecoins can actually grow to be called an altcoin. Then, when I think about the level at which Doge and Shiba Inu are right now, I conclude it’s impossible.
The future of meme coin is very dark and almost all investors are now disappointed with meme coin investment. We have been enjoying the hype of meme coin for quite some time especially the Telegram gaming project. However, with the change of time the meme coin has now been tagged as a scam. Crypto memecoin is losing funds quickly so don't invest in this meme coin with disappointment. You can also call meme coin a scam as well as a shitcoin. You will only get angry about meme coin investment when you repeatedly lose money from meme coin investment.
We should understand this with memecoins, that they can make one rich at the shortest time and still make someone go on loss at the same shortest time, anyone interested in making an investment in them should be able to take risk in them, if we think we can afford on the risk to invest in them, we can always consider them and invest, because it have a lot needed to be in place before we can invest and quickly sell before we run loss as the market goes against us.
-
Definitely!! If a memecoin upgrades to having utility, it will grow beyond the shitcoin tag, i also think about it sometimes if memecoins can actually grow to be called an altcoin. Then, when I think about the level at which Doge and Shiba Inu are right now, I conclude it’s impossible.
The future of meme coin is very dark and almost all investors are now disappointed with meme coin investment. We have been enjoying the hype of meme coin for quite some time especially the Telegram gaming project. However, with the change of time the meme coin has now been tagged as a scam. Crypto memecoin is losing funds quickly so don't invest in this meme coin with disappointment. You can also call meme coin a scam as well as a shitcoin. You will only get angry about meme coin investment when you repeatedly lose money from meme coin investment.
We should understand this with memecoins, that they can make one rich at the shortest time and still make someone go on loss at the same shortest time, anyone interested in making an investment in them should be able to take risk in them, if we think we can afford on the risk to invest in them, we can always consider them and invest, because it have a lot needed to be in place before we can invest and quickly sell before we run loss as the market goes against us.
Some meme coins are known for great profits, yet the nature of investments in such currencies also implies great losses. However, you have to be prepared to the great uncertainty if you are going to venture into them. The meme coin market is very volatile and if one does not have a plan prepared, the investment can be gone in no time. It is therefore important to very well assess the risks that accompany the extent of participating in this market. If so, ensure you are aware when to exit, or the amount of capital that you can in a position you are not prepared to lose. Reading the hidden meanings of this saying, it will help me be ready for any disappointment since life is unpredictable.
-
Definitely!! If a memecoin upgrades to having utility, it will grow beyond the shitcoin tag, i also think about it sometimes if memecoins can actually grow to be called an altcoin. Then, when I think about the level at which Doge and Shiba Inu are right now, I conclude it’s impossible.
The future of meme coin is very dark and almost all investors are now disappointed with meme coin investment. We have been enjoying the hype of meme coin for quite some time especially the Telegram gaming project. However, with the change of time the meme coin has now been tagged as a scam. Crypto memecoin is losing funds quickly so don't invest in this meme coin with disappointment. You can also call meme coin a scam as well as a shitcoin. You will only get angry about meme coin investment when you repeatedly lose money from meme coin investment.
We should understand this with memecoins, that they can make one rich at the shortest time and still make someone go on loss at the same shortest time, anyone interested in making an investment in them should be able to take risk in them, if we think we can afford on the risk to invest in them, we can always consider them and invest, because it have a lot needed to be in place before we can invest and quickly sell before we run loss as the market goes against us.
Some meme coins are known for great profits, yet the nature of investments in such currencies also implies great losses. However, you have to be prepared to the great uncertainty if you are going to venture into them. The meme coin market is very volatile and if one does not have a plan prepared, the investment can be gone in no time. It is therefore important to very well assess the risks that accompany the extent of participating in this market. If so, ensure you are aware when to exit, or the amount of capital that you can in a position you are not prepared to lose. Reading the hidden meanings of this saying, it will help me be ready for any disappointment since life is unpredictable.
Yeah, a meme coin trader should know when to take profits and avoid being greedy, I’ve seen some traders who made gains but ended up in lose because they want more profits. That’s why a trader should be able to control their emotions.
-
Seriously, i don’t think a memecoin can change or level up to an altcoin because firstly, it’s certain the developers would have gained profits from launching the memecoin already and can never think of adding utility to the token, they won’t see the need for that.
Dogecoin is still not tagged a alt despite its long term success so definitely a meme coin that was created randomly can never be level up.
- You have a point there mate, yes it is true that Dogecoin is still in the meme coin category of meme coins here in the crypto space. But even so, its community and marketcap are still larger than other altcoins in reality. Because not all altcoins can be said to be established here in the crypto industry field.
And I think you at least have an idea about this matter, right? It's impossible that you don't know mate, though most of the potential crypto assets are still in altcoins.
-
Definitely!! If a memecoin upgrades to having utility, it will grow beyond the shitcoin tag, i also think about it sometimes if memecoins can actually grow to be called an altcoin. Then, when I think about the level at which Doge and Shiba Inu are right now, I conclude it’s impossible.
The future of meme coin is very dark and almost all investors are now disappointed with meme coin investment. We have been enjoying the hype of meme coin for quite some time especially the Telegram gaming project. However, with the change of time the meme coin has now been tagged as a scam. Crypto memecoin is losing funds quickly so don't invest in this meme coin with disappointment. You can also call meme coin a scam as well as a shitcoin. You will only get angry about meme coin investment when you repeatedly lose money from meme coin investment.
Yes, what you said is inevitable and true, because until now, making meme coins for investment has been something that is very risky and will not be able to provide something that can produce good results.
But surprisingly, when the telegram mini-game was busy, meme coins emerged which were considered to be able to provide surprises, but until now only a few were surprising. Shortly after that, it was no longer meaningful.
I totally agree with your suggestion that don't make meme coins for investment because it will only result in disappointment.
-
The future of meme coin is very dark and almost all investors are now disappointed with meme coin investment.
Yes, there are many investors who have lost money on meme tokens, but I wouldn't say the future of meme tokens is dark. It's more cyclical.
Just look at what's happening on the Solana network. It would seem that the hype has died down there, but when Raydium launched an analog of pump fun, the activity around meme tokens started to increase again.
-
The future of meme coin is very dark and almost all investors are now disappointed with meme coin investment.
Yes, there are many investors who have lost money on meme tokens, but I wouldn't say the future of meme tokens is dark. It's more cyclical.
Just look at what's happening on the Solana network. It would seem that the hype has died down there, but when Raydium launched an analog of pump fun, the activity around meme tokens started to increase again.
investing in meme coins should be for the short term and last quickly, because usually after the token is no longer hype the price will drop drastically. so the risk is quite high, we have to be careful.
I also invest in meme coins, but only buy and sell when the token is still hype.
-
For me, if a memecoin adds real use and people find it valuable, it can move beyond being just a joke. With strong community support and real-world utility, it can be seen as a serious crypto project, not just hype.
-
The future of meme coin is very dark and almost all investors are now disappointed with meme coin investment.
Yes, there are many investors who have lost money on meme tokens, but I wouldn't say the future of meme tokens is dark. It's more cyclical.
Just look at what's happening on the Solana network. It would seem that the hype has died down there, but when Raydium launched an analog of pump fun, the activity around meme tokens started to increase again.
Because in fact, on the other hand, there are also many investors who are successful in meme token projects, and have managed to collect a lot of money. So they will be more addicted to playing money in meme projects. And more and more developers like this because this is an extraordinary business, it can also generate high profits.
So that's why high risks in meme token projects are very valid. Because if successful, it will be an incredible income, but if it fails, it will lose so much money. So, pay attention and consider where we are, how are our abilities and so on.
-
Yes, there are many investors who have lost money on meme tokens, but I wouldn't say the future of meme tokens is dark. It's more cyclical.
It's not dark but it's not even bright, the already established meme coins are still 1000x better than the ones that people launch on Pump.fun as those are mostly created with rug pulling intentions and the owners of those coins are the biggest rug pullers ever.
-
Yes, there are many investors who have lost money on meme tokens, but I wouldn't say the future of meme tokens is dark. It's more cyclical.
It's not dark but it's not even bright, the already established meme coins are still 1000x better than the ones that people launch on Pump.fun as those are mostly created with rug pulling intentions and the owners of those coins are the biggest rug pullers ever.
- You know, I noticed that on pumpfun, the ones who really make money are the developers who already know how to operate that platform, no matter how many times they make meme coins, they will just keep doing it, especially if with each one they make, they immediately get it back even though most people don't click.
Because the style they seem to be doing there is that when they see someone buying more than their capital and they know they are making a profit, they immediately sell the coins that they have a tendency to, the result is a sudden rug pull or went down to zero at once.
-
For me, if a memecoin adds real use and people find it valuable, it can move beyond being just a joke. With strong community support and real-world utility, it can be seen as a serious crypto project, not just hype.
Have you found such a memecoin, the answer is obviously no, because there is none that exists which has any use case or value, all they survive on is just hype, and that is temporary, once there is hype no more, the coin simply dies off and people who still hold the coin lose money.
-
Have you found such a memecoin, the answer is obviously no, because there is none that exists which has any use case or value, all they survive on is just hype, and that is temporary, once there is hype no more, the coin simply dies off and people who still hold the coin lose money.
Indeed. new meme tokens are usually created without a use case, without fundamentals, and only depend on how the developer is able to develop the process and also build a community in the meantime. so this can determine whether the meme tokens can be hyped or not. if possible, then this will be a very potential pump and dump opportunity that provides the opportunity to take profits as high as possible.
but, is that easy? of course, NO.
because in any case, with conditions like this, meme tokens are a type of very high risk crypto to invest in, because the risk of losing is very high. so we must pay extra attention to the progress of the meme token, also with its developer.
-
The future of meme coin is very dark and almost all investors are now disappointed with meme coin investment.
Yes, there are many investors who have lost money on meme tokens, but I wouldn't say the future of meme tokens is dark. It's more cyclical.
Just look at what's happening on the Solana network. It would seem that the hype has died down there, but when Raydium launched an analog of pump fun, the activity around meme tokens started to increase again.
investing in meme coins should be for the short term and last quickly, because usually after the token is no longer hype the price will drop drastically. so the risk is quite high, we have to be careful.
I also invest in meme coins, but only buy and sell when the token is still hype.
There is nothing better when investing in meme coins than to do it as soon as possible, because meme coins cannot develop well if the time is long enough, where the hype has finally disappeared and cannot contribute back, what is, there is a loss that will be obtained.
lways do it when it is good and don't wait long because it will be different later.
-
Meme coins do not have any utility, it is as simple as that. Investors do not look for utility in memecoins, they look for a way to simply multiply their money and it does not always come off for them. I will simply classify memecoins as pump and dump coins and really nothing more.
Yes, investors look for a way to double their imeme investments because meme has a lot of hypes, speculation and many new/old investors make great returns from meme coin.
Again, Meme coins has become traders and Investors new found opportunities to earn, many of them coins become the most traded and investing home. However, because of the influx of new developers into meme space, the are many pumps and dumps scheme, we just have to vigilant if we are investing this days.