The Impact of Memecoins on Crypto Adoption

[laubeaud]

I noticed recently that memecoins have played a major role in crypto adoption. Many people have entered the cryptocurrency space because of memecoins. With their simple concept, they successfully attract many users to the crypto space. For example, Bobo the Bear is a meme character associated with bear markets. Bobo satirizes poor investment choices and expresses market pessimism. It's drawn by community members worldwide. The memecoins market cap is growing fast. The rise of memecoins, which were once used as a signal of a bull run top, is now a sign of memecoin season.

[Wiwo]

All is based on hype, as long as there is no workable ecosystem ro support the coin, it liquidity will not be guaranteed and can only be hyped and pump projects, memecoins are just for speculation and such speculation must be done with a short term frame of mind.

Never put your trust in those coins no matter what their level of hype, also memecoin have not helped cryptocurrency adoption in any ways.

[Crwth]

Well, I think, especially with the TON Wallet, where it’s easy to get your wallet set up when you just have an account and just some lock, You already have a secure wallet. Adoption has never been easier compared to few years ago.

And now when they see meme coins or somewhat relatable to other people, They easily write it or buy it somewhere and then that is the start Of their crypto journey.

I believe that there are a lot of people who started with meme coins, but now are part of good projects.

[Husires]

Memecoins have made many people aware of cryptocurrencies, but they will not be able to make them serious investments because some of them invest without thinking and lose their money, and some investments are the result of wrong or ill-considered advice, such as buying near the top. There are no clear standards for defining memecoins. If you take any currency and give it the name and logo of a meme, then it will be a memecoin, regardless of the details of the blockchain.

[Fivestar4everMVP]

Well, all thanks you Elon musk for laying the foundation through doge coin, on which today, meme coins now have a it's own narrative, and can thrive even when technologically backed projects are struggling to make any head ways.

It is important we all understand that memecoins aren't what they are today simply because it attracts lots of people into crypto, there was doge coin in previous times and it was worth nothing until Elon Musk stepped in, and his influence and followership has made meme coins a narrative, and one which alot of influencial people now talk about.

[Husires]

Well, all thanks you Elon musk for laying the foundation through doge coin, on which today, meme coins now have a it's own narrative, and can thrive even when technologically backed projects are struggling to make any head ways.

Yes, but with the lack of a clear definition of memecoin, any currency that can claim to be memecoin and is a help for scammers. only requires a funny name like PEPE KEKE CECE, emojis and now you have memecoin.

[bayu7adi]

That's right, it has now become the entry point for many new users, because the price is cheap and the mechanism for owning it is not complicated... especially now that many people are aggressively promoting memecoin on social media using referral links... yes, that definitely makes a lot of new people interested because the task is easy, and the opportunity to earn income rather than just lazing around.

It should be remembered that expectations that are too high for the presence of meme coins are also dangerous for new users. When these expectations are not met, what will happen is regret and those who have just joined will leave the world of cryptocurrency with their own trauma.

Meme coins could be the best entrance, as well as the quickest exit.

[robelneo]

I like to be honest: meme coins have contributed to the Crypto industry's growth; some investors entered the market through memes because who would not be attracted by the profit brought about by meme coins?
But these investors should also learn to look long term because these memes are just trends, like all the dead trends that we once had in the community. So far, the memes are the longest-running trend in the community, which is quite an achievement for them.

[Metha Wulandarin]

For some people meme coin is used as a place of money circulation especially if you get it earlier than others when the meme coin is only listed on DEX the price will be relatively cheap and they will sell it after the meme coin is listed on CEX automatically the price will be more expensive than before listing on CEX but there are important points that must be considered in choosing a meme coin project, don't make the wrong choice that ends up experiencing losses or you can say RUG.

[LogitechMouse]

I noticed recently that memecoins have played a major role in crypto adoption. Many people have entered the cryptocurrency space because of memecoins. With their simple concept, they successfully attract many users to the crypto space. For example, Bobo the Bear is a meme character associated with bear markets. Bobo satirizes poor investment choices and expresses market pessimism. It's drawn by community members worldwide. The memecoins market cap is growing fast. The rise of memecoins, which were once used as a signal of a bull run top, is now a sign of memecoin season.

Jumping to conclusions without any proper evidence. That's how newbies who think themselves as experts are doing. You're one of them.
Just because of one random shitcoin, the whole memecoin season started already?

The subject of your thread is different from your post. You're indirectly promoting some random projects as well like what most newbies are doing. I don't care about what the meme coin is being associate about. It's still a meme coin and most of the meme coins are shitcoins. Memecoin market growing fast? Maybe, but it's just because of the hype, and in a few months' time, that market cap will go down again.

On the positive side, meme coins have been a factor towards the increase of adoption of cryptocurrency worldwide no doubt, but many lost their money because of it as well.

[Pastaral]

I think MemeCoin has played a major role in cryptocurrency adoption.  Once used as a false run top signal.  So there are many people who don't understand about investment but invest without thinking and they lose their money later on.  If they use their resources at the right time they can increase their money.

[Metha Wulandarin]

I think MemeCoin has played a major role in cryptocurrency adoption.  Once used as a false run top signal.  So there are many people who don't understand about investment but invest without thinking and they lose their money later on.  If they use their resources at the right time they can increase their money.

Playing with meme coins is not to be taken seriously not far from the name meme coin meme coin is just a meme token that most people consider it as entertainment and I don't think that's wrong.
Because other coins are also experiencing what meme coin is experiencing, there are even projects that can be said to lose to meme coin meme coin is identical to a lot of supply, so what about projects whose supply is less than meme coin supply but the price has dropped by 70% and even the price is almost the same as the price of meme coin such as Shiba inu and Dogecoin.

[hugeblack]

Because other coins are also experiencing what meme coin is experiencing, there are even projects that can be said to lose to meme coin meme coin is identical to a lot of supply, so what about projects whose supply is less than meme coin supply but the price has dropped by 70% and even the price is almost the same as the price of meme coin such as Shiba inu and Dogecoin.

Yes, but when newspapers and news report that someone invested a thousand dollars in Dogecoin and achieved profits, or that the price of a Shiba inu increased 100 times, this means that it has moved from a meme to an investment.
Beginners and those who have no knowledge will be easy to get fooled, but even investors join the market because it is a way to increase their Bitcoin holding.

[ajiz138]

I think MemeCoin has played a major role in cryptocurrency adoption.  Once used as a false run top signal.  So there are many people who don't understand about investment but invest without thinking and they lose their money later on.  If they use their resources at the right time they can increase their money.

Playing with meme coins is not to be taken seriously not far from the name meme coin meme coin is just a meme token that most people consider it as entertainment and I don't think that's wrong.
Because other coins are also experiencing what meme coin is experiencing, there are even projects that can be said to lose to meme coin meme coin is identical to a lot of supply, so what about projects whose supply is less than meme coin supply but the price has dropped by 70% and even the price is almost the same as the price of meme coin such as Shiba inu and Dogecoin.

Yes you are right, some projects even lose to memecoins which can surprise everyone. For example, the newest one is notcoin, which has become a hype some time ago.

But it's not just about losing or not. The reason is that again the risk of investing in memecoin is greater, even though several other projects are also at great risk, especially if they are new projects. There is one choice, if we don't want to take risks then we should only invest in coins that we trust.

[Metha Wulandarin]

I think MemeCoin has played a major role in cryptocurrency adoption.  Once used as a false run top signal.  So there are many people who don't understand about investment but invest without thinking and they lose their money later on.  If they use their resources at the right time they can increase their money.

Playing with meme coins is not to be taken seriously not far from the name meme coin meme coin is just a meme token that most people consider it as entertainment and I don't think that's wrong.
Because other coins are also experiencing what meme coin is experiencing, there are even projects that can be said to lose to meme coin meme coin is identical to a lot of supply, so what about projects whose supply is less than meme coin supply but the price has dropped by 70% and even the price is almost the same as the price of meme coin such as Shiba inu and Dogecoin.

Yes you are right, some projects even lose to memecoins which can surprise everyone. For example, the newest one is notcoin, which has become a hype some time ago.

But it's not just about losing or not. The reason is that again the risk of investing in memecoin is greater, even though several other projects are also at great risk, especially if they are new projects. There is one choice, if we don't want to take risks then we should only invest in coins that we trust.

I admit that NOTcoin was very strong in holding the price from the sales that occurred after the airdrop but the price remained stable because it gained the trust of the community, and also there used to be a token with the ticker DEGEN which was almost 90% of the supply for the community but now it is not strong and the price has to go down.