The End of Meme Coin Mania: Why 10,000x Gains Are a Thing of the Past

[Zed0X]

In my opinion, I believe the time for making massive gains (10,000x) on meme coins has passed, and the meme coin hype is dead. For months, I haven't seen any meme coin performing well, except for those related to AI. The others seem stagnant, only maintained by the influence of whale investors.

Then it's not completely dead. It's just 'evolving' into another meme with a different market but the rest of the dog/cat meme devs are still to catch up. It's just different packaging and people will still buy it. What do tech people call that, was it like different software but the same hardware?

[vegasus]

The concept and cycle are often like this, Maybe there are some meme coins that often skyrocket hundreds to thousands of times during the hype and pump process. But often it will end the same, namely a very significant drop so that it is only a matter of time whether it can really survive or not. but usually when the increase is very high, the possibility of the drop will also fall very low. and maybe this is different from some meme coins that do have a strong team and community. but still, high risk.

[LogitechMouse]

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To anyone considering investing in meme coin projects, I strongly advise you to 'Do Your Own Research' (DYOR). Do you have a contrary opinion about memecoins?

When it comes to meme coins, doing your own research for me is an overstatement because you don't even need to make research if you want to invest into them. Let's say for example, you invest in a meme coin that has only a hundred thousand worth of market cap, and you've made research on it only to end up as a scam. Do you think that time you spent researching is worth it? This happens to most of the meme coins out there, so for me, it's useless. It's either you focus on higher market cap meme coins for a long-term profit or focus on lower market cap ones that has a higher risk, but higher reward as well.

As for 10,000x gains, it's still possible. Just ask those people who invested in Hawk Tuah coin or the coin that created by the 13-year-old scammer.