Is memecoins a key part of the crypto industry?

[Stompix]

I have seen $MFER in the market being listed on high-tier exchanges, it's getting viral now.

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I did see this and a lot of people are really making money with that. I remember that it went like this
BTC->Gaming Coins -> Memes -> Bear market (the cycle)
I think it's different with the cycle now because memes are just flying.

People are making money with everything in a bull market. You go to a ticker and you see Bitcoin jumping and every single abandoned coin out here is going up also despite not a single good thing happening for that coin, just hope and fomo.

As for the circle of gaming coins meme coins during the previous bear market I will label all of them pump and dumps, sorry for the fans but apart from doge that survived all those waves and truly has usage being cheap and fast and widely accepted all the rest are nothing more than collectible in the hands of user waiting to make a 100x or lose everything with them. I don't see any difference between the current wave of meme coins, the previous utility coins, the metaverse, the NFT, the...it's another pump and FOMO in a sector, it will die down just as the others, and it will come back with new efforts after a few years again, but nothing different from a hairstyle or beard fad.

[Aanuoluwatofunmi]

I never expected memecoins to still be trending at this point when we expect alt to be very bullish.

That thing in which you're running away from with memecoins is what others are using to come towards and invest in it, if we truly want to make money, then we need to take risk and be able to afford for that, the way we see memecoins doesn't mean that all of them are that scary that we must all avoid them, so many investors in them are making their cool money when we are still there deliberating on how bad it could appear in crypto markets.

[Alston Liu]

It is more like a place where people get ripped off. A lot of scams happen in memecoins. Some people are easily getting FOMO cause the x100, x1000 growth and are out of their minds making stupid decisions.

[Wiseman]

I never expected memecoins to still be trending at this point when we expect alt to be very bullish.

In fact, memcoin is no different from ordinary bitcoins, altcoins and all other cryptocurrency assets, just for some of them we came up with memcoin, but this does not change the essence. And as we see, you can sometimes even earn more on memcoins than on ordinary bitcoins or altcoins

[Stompix]

In fact, memcoin is no different from ordinary bitcoins, altcoins and all other cryptocurrency assets, just for some of them we came up with memcoin, but this does not change the essence. And as we see, you can sometimes even earn more on memcoins than on ordinary bitcoins or altcoins

It is their defense, and the only thing they actually have as an advantage (some of them!) is that meme coins can target a specific audience.
Doege made it a hit by raiding on a 4chan meme, it was rapidly adopted by the community and it had a fan userbase, a normal coin with no specific name can't do this, so if you manage to get a coin with a cool name, targeted at a specific group, be it fans of a show, of a film, of a game or something like that and offer them a true opportunity to actually use the coin for fun you can achieve more than established coins.

The actual problem with current meme coins is that they simply print them by the hundred without caring, thinking that the community will build around it, which is close to impossible!

[Wiseman]

In fact, memcoin is no different from ordinary bitcoins, altcoins and all other cryptocurrency assets, just for some of them we came up with memcoin, but this does not change the essence. And as we see, you can sometimes even earn more on memcoins than on ordinary bitcoins or altcoins

It is their defense, and the only thing they actually have as an advantage (some of them!) is that meme coins can target a specific audience.
Doege made it a hit by raiding on a 4chan meme, it was rapidly adopted by the community and it had a fan userbase, a normal coin with no specific name can't do this, so if you manage to get a coin with a cool name, targeted at a specific group, be it fans of a show, of a film, of a game or something like that and offer them a true opportunity to actually use the coin for fun you can achieve more than established coins.

The actual problem with current meme coins is that they simply print them by the hundred without caring, thinking that the community will build around it, which is close to impossible!

If you didn’t know, not all memcoins are printed endlessly, a new project was recently launched on the Ton blockchain and it’s called notcoin. Its emission is not infinite. How many times should you give it to people? This is the whole emission that eats up its coins; they make it in order to use it within some ecosystem; they make it. They are initially like passing coins; any coins should be considered as investment and see what they will have in the future.

[dwyane36]

If you didn’t know, not all memcoins are printed endlessly, a new project was recently launched on the Ton blockchain and it’s called notcoin. Its emission is not infinite. How many times should you give it to people? This is the whole emission that eats up its coins; they make it in order to use it within some ecosystem; they make it. They are initially like passing coins; any coins should be considered as investment and see what they will have in the future.

It should be noted that nowadays developers of many meme-tokens make a huge emission during the creation of a smart contract and start taking some actions to reduce it only after the launch. Some of them just periodically burn a part of tokens, including with the help of buy/sale tax.

[robelneo]

It all started with Elon Musk shilling Dogecoin from then so many meme coins like Shina Inu and Pepe, the first Meme coin Dogecoin is not even considered a key part of the Cryptocurrency industry and many think sits on its way to oblivion until Elon Musk gets into the picture.

Because meme coins are trending now, developers are thinking of creating their meme coins in their respective chains to be their mascot, for me it's still a risky investment not all meme coins are worth our money to invest.

[IvugeoEvolutionCoin]

It all started with Elon Musk shilling Dogecoin from then so many meme coins like Shina Inu and Pepe, the first Meme coin Dogecoin is not even considered a key part of the Cryptocurrency industry and many think sits on its way to oblivion until Elon Musk gets into the picture.

Because meme coins are trending now, developers are thinking of creating their meme coins in their respective chains to be their mascot, for me it's still a risky investment not all meme coins are worth our money to invest.

This is because Elon Musk no longer provides support for Dogecoin. Maybe it will be a different story when Elon Musk still provides support, the Dogecoin market will increase again. Of course, what Elon Musk is doing will provide a very big risk, therefore Elon Musk must consider well with his decision for Dogecoin.

[ScamViruS]

~~~

This is because Elon Musk no longer provides support for Dogecoin. Maybe it will be a different story when Elon Musk still provides support, the Dogecoin market will increase again. Of course, what Elon Musk is doing will provide a very big risk, therefore Elon Musk must consider well with his decision for Dogecoin.

Dogecoin has been uptrending a lot in recent times, but Dogecoin is still far from ATH. Elon Musk can now take Dogecoin to a new ATH again. But now Elon is quiet not tweeting or talking about dogecoin, as a result of which dogecoin market is not performing as expected. Dogecoin is only in this position because of the hype created by Elon Musk, it remains to be seen how Dogecoin will perform in the near future without Elon Musk's hype. And that will be the most interesting to watch.

[TomPluz]

Another trending meme coin just hit the market and once again an on chain data shared on @lookonchain twitter handle  shows how someone just racks up almost $2 million in profit. MFER this time is on base chain and I feel we could be seeing the start of chain meme coins soon. What do you think?

This is another amazing story that can certainly capture the imagination of the many especially those hoping to also made it via the cryptocurrency industry. Becoming a millionaire out of a capital just round $300 is quite a feat and this is possible if one is investing into a coin or token early and that token took a big upsurge in the market. Certainly, one can be questioning if memecoins with all of its shallow deep and even worthless use-cases (or a lack thereof) got a good space in the cryptocurrency industry. Well, this is one of the many twists and turns in our industry. I would consider memecoins to be like the entertainment industry where we can find eccentricity to the max and sometimes weird stories that captured the attention of many people. However, it should be noted that memecoins are now coming up with innovations too as their developers are filling the empty use-cases hull to make sure that their platforms can survive into the future. many investors with memecoins are looking at them as once-in-a-lifetime opportunity to strike some gold and if one can be lucky this can be a good vehicle to be rich and financially free but then again there will always many risks one can encounter as only a very few memecoins will actually make it to the top with so many of them ending up with no value at all. And finding which one will be successful or be taken up by the market can be something that is just based on luck...like buying a lottery ticket.

[Wiseman]

If you didn’t know, not all memcoins are printed endlessly, a new project was recently launched on the Ton blockchain and it’s called notcoin. Its emission is not infinite. How many times should you give it to people? This is the whole emission that eats up its coins; they make it in order to use it within some ecosystem; they make it. They are initially like passing coins; any coins should be considered as investment and see what they will have in the future.

It should be noted that nowadays developers of many meme-tokens make a huge emission during the creation of a smart contract and start taking some actions to reduce it only after the launch. Some of them just periodically burn a part of tokens, including with the help of buy/sale tax.

I think that many people doing a big mission of coins do this so that a coin on the exchange does not cost 1 dollar, for example, but it costs one thousandth of a dollar there. And for this, it issues a lot of coins so that people are not afraid to buy them because of the high cost, I understand of course that this is stupidity But people are stupid and for this they make large missions of coins and then they begin to reduce them.

[KingsDen]

The question of whether or not meme coins are key part of the cryptocurrency industry is not that important. This is because I consider all the parts of the industry as being important. Take for instance, many people advocated that exchanges be expunged from the industry, government fighting privacy coins and exchange delisting them. But in the end what we should understand is that this industry is large enough to accommodate everyone and people know different areas they make their money.