Meme coins are the new Dot com Bubble?

[Findingnemo]

Meme coins are basically the dot-com bubble on steroids—same hype, same bullshit, just with more Twitter influencers pumping garbage. Back in the ’90s, slapping “.com” on a company name was enough to send stocks soaring, even if the company had no business model, no revenue, and no real plan. Sound familiar? Remember Pets.com? Went public with a $300 million valuation, dead a year later. eToys? Worth $8 billion at its peak—bankrupt in months.

Now fast forward to today, and we’ve got the same circus with meme coins. Dogecoin, created as a literal joke, hit an $88 billion market cap—bigger than some of the biggest companies on the planet. Shiba Inu, another pointless token, once flipped Doge in valuation. And let’s not even talk about the thousands of useless meme coins that pop up daily, each promising to be “the next big thing” while offering absolutely nothing. It’s all just glorified gambling with fancy dog logos.

And trust me, I’ve seen this shit before. I bought eBay back in the day when it was dirt cheap, but like an idiot, I sold it for a small profit instead of holding on. If I had kept it, I’d be sitting on a fortune. But at least I was investing in something real—an actual business with revenue, not some pump-and-dump meme coin that’s just gonna vanish when the hype dies.

And here’s the kicker—just like the dot-com crash wiped out 90% of those garbage stocks, the same fate is coming for meme coins. The second regulations hit and the big money moves on to actual projects with real utility, all this meme coin bullshit is going to collapse. Sure, a few might survive, just like Amazon and Google did after the dot-com crash, but the rest? They’re fucked. And the only people left holding the bag will be the ones who thought this shit was gonna last forever.

Read this on reddit and it makes sense, isn't it?

The meme coins are created with no real case but are hyped by famous people all over the internet which is the sole reason why they are getting bumped. If they have no future then sooner or later it's destined to reach zero?

Prove me wrong...

[TomPluz]

You are right...memecoins generally are considered to be bubbles but there is a big difference with the famous DOTCOM bubble that happened years ago...here investors are very much aware of the possible risks with what they are dealing with meaning they are not blind and so when a memecoin will go south everyone will just be silent and then proceed to another memecoin that they think will get back what they lost. All are knowing of what they are getting...the possible rewards as well as the big risks involved. In other words, memecoins can be like playing with fire...it can make you cook food and be satisfied or it can burn your own house. So when a bubble will pop there is no more drama because it is what it is...people just move on.

[bayu7adi]

That's right... and it's proven that some people are still curious about the big profits in memecoin that they haven't gotten yet... we see a lot of people cooking news and creating hype for memecoin, while retail investors eat the news raw without knowing what's going on behind the scenes... the mechanism of investing small capital with big profits is always interesting, and maybe that's how they see memecoin as still interesting... even though the opportunities that exist are really not real.. we will see more losses than wins on new memecoins that even have daily transaction volumes below $100k...

The hope of memecoin gamblers is, they hope that their coins that they bought with $10 will become $1000 when a pump wave comes... that's really nonsense that will continue to be believed, like gambling where someone who loses continuously will always have hope to win once in a while...

My statement above applies to new meme coins that have just been released and only have a telegram channel and are holding airdrops... that really disrupts existing memecoins.

[Mia Chloe]

Read this on reddit and it makes sense, isn't it?

The meme coins are created with no real case but are hyped by famous people all over the internet which is the sole reason why they are getting bumped. If they have no future then sooner or later it's destined to reach zero?

Prove me wrong...

Basically there isn't a thing to prove wrong here. Actually one of the major characteristics for classifying meme coins is the presence of a pump and dump scheme and that's what they are majorly about. meme coins actually use hype and advertisement to generate more liquidity by making more investors more interested in the project.

This is the reason why you find out that the bigger the hype and advertisement of a meme coin the bigger its liquidity and highest market cap reached. From the current trend of the crypto market it's more like meme coins have actually come to stay.

[Mr. Magkaisa]

        -      I think it seems unlikely that Dot will become zero value, because if I look at its trading volume on an exchange, it is still ranging 5.8M$ daily in which for me it is still pretty good and stable to be considered true.

It is just a bit quiet that I can also say it is a sleeping giant that in an instant the price will suddenly skyrocket when there is a rally in the price value of
bitcoin in the market in my opinion.

[Crwth]

If we compare the boom and the amount of money pouring in, technology-wise, I think it's more of a Web3 type of thing. It's a good thing to think about because if you see it like that, you would know that it's essential that the meme coin has value or face value, like with famous people.

It's being used as an instrument to get more money to the rich. It's pretty unfair.

[Findingnemo]

..here investors are very much aware of the possible risks with what they are dealing with meaning they are not blind and so when a memecoin will go south everyone will just be silent and then proceed to another memecoin

Do they? I don't think so, some people knew the risks but most of the meme coin investors are not even aware of what is crypto, they are just manipulated by the influencers and made them to beleive it's going to the moon. The worst part is which I even witnessed first hand some of the meme coin investors are not even aware of Bitcoin and ethereum but somehow they ended up buying memecoins purely because of manipulation of social media.

[bitterguy28]

The meme coins are created with no real case but are hyped by famous people all over the internet which is the sole reason why they are getting bumped. If they have no future then sooner or later it's destined to reach zero?

this is not exactly a secret

people have always “warned” others about memecoins and their consequences still people choose to ignore warnings and still want to try it out for themselves thinking that maybe other people are just choosing wrong and they can earn massively if they choose carefully

but honestly no almost all memecoins are bound to fail some people are aware of this and just wants to take advantage of memecoins hype and earn from that and doesn’t really try to hope that memecoins are gonna be profitable over the long run

[KryptoBull]

You are right...memecoins generally are considered to be bubbles but there is a big difference with the famous DOTCOM bubble that happened years ago...here investors are very much aware of the possible risks with what they are dealing with meaning they are not blind and so when a memecoin will go south everyone will just be silent and then proceed to another memecoin that they think will get back what they lost. All are knowing of what they are getting...the possible rewards as well as the big risks involved. In other words, memecoins can be like playing with fire...it can make you cook food and be satisfied or it can burn your own house. So when a bubble will pop there is no more drama because it is what it is...people just move on.

I don't call memecoins a bubble, it's just a temporary trend in this market, unlike the Dotcom or GameFi bubbles. A bubble only forms when everyone puts their faith in its future, while memecoins have nothing for investors to believe in. They just want to profit from it, they also know that the collapse will definitely come.

Despite loving memecoins for the fun and humor they bring, I feel that their development is quite crazy and starting to bring more harm to this market after the number of memecoins reaches millions. The market does not have enough room for all, more than 99.99% of memecoins will soon be forgotten from the history of crypto, only the losses caused by them will still exist in the impression of losing investors.

[hugeblack]

For meme coins to be called a bubble, they must last for a period of time and be believed by some to be a real investment, but what happens is that they are a pump/dump and usually disappear within a week to a month, so they are closer to fraud and an attempt to make a quick profit than a bubble that grows and then explodes.

[LogitechMouse]

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Read this on reddit and it makes sense, isn't it?

The meme coins are created with no real case but are hyped by famous people all over the internet which is the sole reason why they are getting bumped. If they have no future then sooner or later it's destined to reach zero?

Prove me wrong...

Well, it seems like the meme coin mania is the modern version of the "DotCom Bubble" now, eh?
Nothing to prove wrong because TBH, I really hate what's happening with these meme coins right now. I mean I don't need to, but these investors are delusional about the concept of quick profits hence, they're investing into new meme coins hoping that they can make lots of money in a short amount of time.

Especially now that creating a meme coin is as easy as 1+1, anybody can make huge money just by creating their own meme coin and that's what makes it bad... like real bad. As always, there will a few meme coins that will stay on top, there will be a few that will be on the top 100 in terms of market cap, and 99% of these meme coins will have no value, no volume, and will just be abandoned like what always happen.

[Freemind]

That memecoins are a bubble (even more so than other more established coins/tokens) is a secret that everyone knows. They're useless, and while some say it's for "fun", it's just 1000% pump and dump. I don't think it's a bubble that's going to burst, since it does so every day with new releases, especially focused on users with less experience. I don't think new memecoins will stop appearing, they are a very juicy claim that "developers" use to attract investors, and after seeing how they have behaved in the market in recent years, they will continue to do so for many more years.

[hugeblack]

Especially now that creating a meme coin is as easy as 1+1, anybody can make huge money just by creating their own meme coin and that's what makes it bad... like real bad. As always, there will a few meme coins that will stay on top, there will be a few that will be on the top 100 in terms of market cap, and 99% of these meme coins will have no value, no volume, and will just be abandoned like what always happen.

The reason for this is the intense promotion and belief in everything published on social media and on X. Some people believe that they can become rich in a week, and therefore they are forced to pay $100 in the hope of getting $100,000.

[Stompix]

Read this on reddit and it makes sense, isn't it?

The meme coins are created with no real case but are hyped by famous people all over the internet which is the sole reason why they are getting bumped. If they have no future then sooner or later it's destined to reach zero?
Prove me wrong...

Huge difference, not even close.
Etoys was an actual shop with actual users, it failed not because it had no purpose but because they failed logistically, they ended up with half of their customers not getting one month in advance ordered gift ready for Christmas, then after that blowback Toy'R'us the major seller partnered with amazon basically sending them into bankruptcy as it's a struggle of Dr Pepper and Pepsi.

Saem for Pets, people think that they went bankrupt without doing a thing, again Amazon held half of their stock, it was basically a wrong decision by Amazon that killed it, trying to shift a business model that was unsustainable, it was losing money because of poor logistics, you can check some of the details on it, as one point they were charging less for some cat litter than the cost of shipping it from a warehouse.

Unsustainable and poorly designed plans have little in common with meme coins that are just pump and dump scams.
People tend to forget that amazon, ebay were also part of the bubble, just like ASML for example.

[Bobcrypto]

For meme coins to be called a bubble, they must last for a period of time and be believed by some to be a real investment, but what happens is that they are a pump/dump and usually disappear within a week to a month, so they are closer to fraud and an attempt to make a quick profit than a bubble that grows and then explodes.

Memecoins like Dogecoin, Pepe, shibainu has made it clear that meme coins are just fun tokens but not a bubble, but like you said, though many of the meme coins launched in recent times are pump and dump scheme, they have made many investors suffer heavy losses, it quite unfortunate that more meme projects are still launching these worthless tokens.
So many meme projects developers are desperate to make profits, and once these coins are listed, they start dumping on any available trading volumes on certain exchanges.