Meme coins are the new Dot com Bubble?

[albon]

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.

Very true
These meme coins are no longer just jokes they have caught the attention of crypto investors and social media users. They are able to quickly attract investors by creating hype through posts on twitter and following a large community. With their community hype, viral appeal, and growing real world utility the meme coins are becoming a dominant force with x and telegram being the main sources. The success of meme coins largely depends on their community engagement. Community hype can cause market capitalization to increase, especially when crypto investors unite to drive the currency to new heights.

[Aanuoluwatofunmi]

Memecoins have always presented us with a kind of unique bubble in which not all of them are for our safety, because before you know it, they have already bursted right in our own eyes, there we are expected not take a thorough research about them before choosing which to go for, they can be profitable and at the same time be at high risk as we are prone to loss when they go in bear market.

[sampoerna]

Memecoins have always presented us with a kind of unique bubble in which not all of them are for our safety, because before you know it, they have already bursted right in our own eyes, there we are expected not take a thorough research about them before choosing which to go for, they can be profitable and at the same time be at high risk as we are prone to loss when they go in bear market.

This is like a double-edged sword, depending on how we use it. Well, and there are still many people who really like meme coins, there are still many people who are always trapped by the hype of meme coins. Yes, because on the one hand, meme tokens are very profitable, even can multiply very easily in a short time but on the other hand, it is also a quick way to lose money. It depends on how we use it or get trapped in it

[robelneo]

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...

That's a fact, and we are all waiting for this trend to finally be over, but it seems the greediness of investors and developers keeps creating their cash cow; we will not see the end of this meme coin yet. it just so funny we do not have meme trend 5 years ago until Elon create a shock wave that brought the meme wave. I think he is also the one that can make these memes to stop 

[fredolda]

You’re not entirely wrong, most meme coins are pure speculation, riding on hype until the next big trend takes over. But saying they’ll all hit zero ignores a key point: market sentiment matters as much as utility in crypto.
Dogecoin started as a joke, but it’s still here after a decade. Shiba Inu built an ecosystem around its token. Even if 99% of meme coins disappear, a few will stick around simply because community, branding, and speculation have value in crypto.
Will most of them crash? Absolutely. But saying all meme coins will hit zero assumes people will stop gambling, and let’s be real that’s never happening 😂

[Freemind]

That's a fact, and we are all waiting for this trend to finally be over, but it seems the greediness of investors and developers keeps creating their cash cow; we will not see the end of this meme coin yet. it just so funny we do not have meme trend 5 years ago until Elon create a shock wave that brought the meme wave. I think he is also the one that can make these memes to stop

Musk isn't going to do anything to stop memecoins from appearing on the market, he doesn't have the power or the will to do so. As you know, a few weeks ago a very dear friend of Musk and his friend's wife launched two memecoins, and shortly after we were able to read the announcement of another memecoin launched this time by Musk's father. Muck isn't in the cryptocurrency world for the sake of the industry or to make Bitcoin, for example, more widely used globally. Musk is in the cryptocurrency world for economic and political reasons, nothing more.

[ABCbits]

I can see why that reddit user make this comparison. But unlike meme coins, dot com (a.k.a. internet) have more usage and functionally. And when meme coin hype is over, i bet the impact will be much worse where more than 99.9% meme coin will die or it's price crashed.

[bitterguy28]

I can see why that reddit user make this comparison. But unlike meme coins, dot com (a.k.a. internet) have more usage and functionally. And when meme coin hype is over, i bet the impact will be much worse where more than 99.9% meme coin will die or it's price crashed.

i do not think there will be that much impact when memecoins crash simply because i do not think they made any impact in the first place for them to be significant when they crash, there is an implication that they served any purpose at all when they were launched and being used by people

a lot of memecoins get launched and die with not so much as a squeak not many people cares about it when it was active and most especially when it died

[ABCbits]

I can see why that reddit user make this comparison. But unlike meme coins, dot com (a.k.a. internet) have more usage and functionally. And when meme coin hype is over, i bet the impact will be much worse where more than 99.9% meme coin will die or it's price crashed.

i do not think there will be that much impact when memecoins crash simply because i do not think they made any impact in the first place for them to be significant when they crash, there is an implication that they served any purpose at all when they were launched and being used by people

a lot of memecoins get launched and die with not so much as a squeak not many people cares about it when it was active and most especially when it died

Good point, it's another difference between meme coins and dot com hype during late 90s. But FWIW, CoinGecko currently state there are 5 meme coin/token in top 100 (by market cap)[1] where i know some merchant and payment processor support Dogecoin as payment method.

[1] https://www.coingecko.com/en/categories/meme-token

[Brijesh]

Exactly, there is no use case of meme coin,  big influencer just hype the meme and retailers are got stuck in it, elon already promot doge coin and now his friend Mr.president also in this list with create $trump, no use case no future its new bubble for upcoming bear season..

[Bobcrypto]

Memecoins have always presented us with a kind of unique bubble in which not all of them are for our safety, because before you know it, they have already bursted right in our own eyes, there we are expected not take a thorough research about them before choosing which to go for, they can be profitable and at the same time be at high risk as we are prone to loss when they go in bear market.

Meme is actually supposed to be fun token, created as a joke, and a mean of sharing out funs, happiness and excitement. In recent time, new start up meme projects become very volatile, in the sense that so many investors got attracted due to it's numerous hype and speculations, unfortunately scammers took advantage of the success of few of them to launch pump and dump meme scheme.
As it stands now, many meme coin are scam projects, though people think that they are bubble but not a bubble in my opinion. Bubble can Burst but meme coins remains even that many are scams.
In addition, the most disappointing is that investors seem to be ignorant and pay def ears to these meme projects informations by investing on them. The worst pathetic situation is that they fall for these scammers, and come to social networks to lament.

[Crwth]

I have not experienced the .com bubble, but I have read some of it. I just know that it’s important in the advancement of technology, and investments are not what I thought of before. Comparing it to meme coins now, I do see the similarities, but this is so much faster compared to the past in terms of possibly gaining and losing money.

[vegasus]

I can see why that reddit user make this comparison. But unlike meme coins, dot com (a.k.a. internet) have more usage and functionally. And when meme coin hype is over, i bet the impact will be much worse where more than 99.9% meme coin will die or it's price crashed.

Exactly, because meme coins usually don't have fundamentals and usage. So yes, it's only based on the hype that makes the community exist. While fans of new meme coins usually already understand the pump and dump scheme, no matter who made the meme coins. Like what happened to Trump Official coin. Well, even though it's a big person's meme coin, if you already understand the pump and dump mechanism, people will prefer to keep coming in and selling it for profit as quickly as possible, not to hold them for the long term. Because it's true, once the hype is over, most of them will die immediately, or if they still survive, it will be very difficult for the price to go up again.

[Z-tight]

Everyone knows memecoins have no value, but those who invest in it do so to see if they will be lucky to catch the one that will be hyped up so much. It is the same pattern, no use case, not useful for anything at all; it is all about the hype and nothing else.

[erus]

I agree with the newly launched Meme coin in the crypto market because its hype suddenly rises and dumps suddenly.
The equation with the bubble from the dot com domain is true for the new Meme coin and has no utility, it is better to avoid the Meme coin to be safe.

For the Doge coin which is a pioneer for the Meme coin, it does not apply because the Doge coin already has a very high level of trust from all communities. The Doge blockchain is also very numerous and I am sure Doge will not become a bubble like dot com.