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Author Topic: A Memecoin No More?  (Read 3257 times)

Offline TomPluz

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A Memecoin No More?
« on: February 21, 2025, 04:15:29 AM »

According to Forbes: "Meme coins are cryptocurrencies that have been produced as a lighthearted joke. Nevertheless, some meme coins have ballooned in value, gained multibillion-dollar market caps and garnered celebrity endorsements. While these characteristics suggest that meme coins offer some underlying utility or value, the truth is that nearly all of them lack anything like fundamental value or unique use cases. Instead, crypto investors often buy meme coins to be part of a community or for entertainment value. The sole use case for most meme coins is pure speculation."

These days, memecoins are taking the whole cryptocurrency industry by storm and many investors are looking into it as not anymore as a JOKE but a serious tool that they can make money from...imagine that it is only here with memecoin where one can experience x1000 and even more profits.

Now, am just curious, if a memecoin will be introducing good and viable utility use-cases and that the market of users will appreciate, can it level up and not anymore be categorized as a memecoin?


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A Memecoin No More?
« on: February 21, 2025, 04:15:29 AM »

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Offline Aanuoluwatofunmi

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Re: A Memecoin No More?
« Reply #1 on: February 21, 2025, 01:14:15 PM »

According to Forbes: "Meme coins are cryptocurrencies that have been produced as a lighthearted joke. Nevertheless, some meme coins have ballooned in value, gained multibillion-dollar market caps and garnered celebrity endorsements. While these characteristics suggest that meme coins offer some underlying utility or value, the truth is that nearly all of them lack anything like fundamental value or unique use cases. Instead, crypto investors often buy meme coins to be part of a community or for entertainment value. The sole use case for most meme coins is pure speculation."

These days, memecoins are taking the whole cryptocurrency industry by storm and many investors are looking into it as not anymore as a JOKE but a serious tool that they can make money from...imagine that it is only here with memecoin where one can experience x1000 and even more profits.

Now, am just curious, if a memecoin will be introducing good and viable utility use-cases and that the market of users will appreciate, can it level up and not anymore be categorized as a memecoin?

Going to answer your last paragraph by the first paragraph you have given, except we know the kind of crypto project we are taking, get used to their developers and track on their records on perpetual performance, we may not just have to choose on a random coin for anything, because most of them were just created out of joke, fun and cannot have a feasible utility for their creation except all these has been defined already from their plans.

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Re: A Memecoin No More?
« Reply #1 on: February 21, 2025, 01:14:15 PM »

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Re: A Memecoin No More?
« Reply #2 on: February 21, 2025, 02:52:24 PM »
According to Forbes: "Meme coins are cryptocurrencies that have been produced as a lighthearted joke. Nevertheless, some meme coins have ballooned in value, gained multibillion-dollar market caps and garnered celebrity endorsements. While these characteristics suggest that meme coins offer some underlying utility or value, the truth is that nearly all of them lack anything like fundamental value or unique use cases. Instead, crypto investors often buy meme coins to be part of a community or for entertainment value. The sole use case for most meme coins is pure speculation."
Basically all meme coins are actually just schemes created by different investors. There isn't much of a difference between them because they all follow the same trend of pumping the coin by bringing investors through advertisements and hype and then dumping it when the liquidity is very high taking it to a very low market cap in just a short period of time.

The hype that mean coins have in the crypto ecosystem currently is because of the fact that people try to adopt them because they seem to bring a lot of profit within a very short period of time compared to regular investments.
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Offline Z-tight

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Re: A Memecoin No More?
« Reply #3 on: February 22, 2025, 11:58:37 PM »
Meme coins do not have any utility, it is as simple as that. Investors do not look for utility in memecoins, they look for a way to simply multiply their money and it does not always come off for them. I will simply classify memecoins as pump and dump coins and really nothing more.

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Re: A Memecoin No More?
« Reply #4 on: February 23, 2025, 12:35:23 AM »
Now, am just curious, if a memecoin will be introducing good and viable utility use-cases and that the market of users will appreciate, can it level up and not anymore be categorized as a memecoin?
Well, if a meme coin isn't a joke then we should not call it a meme coin but an Alt coin. And, to be honest most meme coins aren't joke these days, they are created with some intention and that's to steal money from investors and that's a reality.

I still believe that Doge Coin is way better than most other meme coins as it offers much more than most meme coins, especially it's 100x better than those Solana based meme coins.
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Offline bitterguy28

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Re: A Memecoin No More?
« Reply #5 on: February 23, 2025, 06:39:18 AM »
Meme coins do not have any utility, it is as simple as that. Investors do not look for utility in memecoins, they look for a way to simply multiply their money and it does not always come off for them. I will simply classify memecoins as pump and dump coins and really nothing more.
even memecoins with utility do not have a guaranteed spot at the top because as you said everyone is busy looking for money grabs however people are starting to get tired of memecoins’ pump and dump schemes and instead are hoping for memecoins to get legitimate and start acting as respectable altcoins instead

Offline KryptoBull

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Re: A Memecoin No More?
« Reply #6 on: February 23, 2025, 08:44:29 AM »
According to Forbes: "Meme coins are cryptocurrencies that have been produced as a lighthearted joke. Nevertheless, some meme coins have ballooned in value, gained multibillion-dollar market caps and garnered celebrity endorsements. While these characteristics suggest that meme coins offer some underlying utility or value, the truth is that nearly all of them lack anything like fundamental value or unique use cases. Instead, crypto investors often buy meme coins to be part of a community or for entertainment value. The sole use case for most meme coins is pure speculation."

These days, memecoins are taking the whole cryptocurrency industry by storm and many investors are looking into it as not anymore as a JOKE but a serious tool that they can make money from...imagine that it is only here with memecoin where one can experience x1000 and even more profits.

Now, am just curious, if a memecoin will be introducing good and viable utility use-cases and that the market of users will appreciate, can it level up and not anymore be categorized as a memecoin?
Memecoins can also mature, DOGE is a prime example. It has become so popular and has such a large community that it has been accepted as a payment method in many places, including Tesla and SpaceX. We no longer refer to DOGE as a fun token, it actually has value and is gradually becoming a younger version of BTC.

SHIB also has its own technology to meet the needs of users, not just a worthless memecoin. However, not all memecoins can perfect themselves, most of them will soon be eliminated from this market in the crypto winter 2026!

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Re: A Memecoin No More?
« Reply #6 on: February 23, 2025, 08:44:29 AM »


Offline $crypto$

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Re: A Memecoin No More?
« Reply #7 on: February 23, 2025, 03:25:46 PM »
Meme coins do not have any utility, it is as simple as that. Investors do not look for utility in memecoins, they look for a way to simply multiply their money and it does not always come off for them. I will simply classify memecoins as pump and dump coins and really nothing more.
even memecoins with utility do not have a guaranteed spot at the top because as you said everyone is busy looking for money grabs however people are starting to get tired of memecoins’ pump and dump schemes and instead are hoping for memecoins to get legitimate and start acting as respectable altcoins instead
It is undeniable that most people who enter the memecoin market are hoping for great luck. Because when we analyze from any side it is very difficult to do so, I can even say it cannot be analyzed at all.

Just relying on the luck of the hype that can be created, that's all I can see from the existence of this memecoin. And I think most people will agree with that.

Offline Stompix

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Re: A Memecoin No More?
« Reply #8 on: February 23, 2025, 04:16:49 PM »
Now, am just curious, if a memecoin will be introducing good and viable utility use-cases and that the market of users will appreciate, can it level up and not anymore be categorized as a memecoin?

Yeah, that's Doge:
https://www.altcoinstalks.com/index.php?topic=319092.0

TLDR:
1) Dogecoin is one of the most used coins out there, in the number of transactions per day it goes most of the time beyond what Bitcoin and Ethereum combined have
2) One of the cheapest and fastest coin to transfer value
3) It's one of the most used coins and one of the few that are present in most Bitcoin ATMS
4) Used by all payment processors
5) Used by casinos, shops, and every single merchant that deals with crypto accepts doge

Add complete decentralization, no ICO, minable, and having its own chain, so more akin to Bitcoin than anything else.

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Re: A Memecoin No More?
« Reply #9 on: February 23, 2025, 07:08:52 PM »
Many meme coins rely on social media buzz and celebrity endorsements, which can be manipulative. If the hype dies down, the price may drop lot of and you will got more loss. Some meme coins have little or no real use outside of their mime status. This lack of utility can make it susceptible to price changes based only on guesswork. Even with the short lived popularity, excitement about meme coins can fade surprisingly quickly. A small number of meme coins have been popular over the years, but there are some exceptions. Most meme coin campaigns generally have a short lifespan.

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Re: A Memecoin No More?
« Reply #10 on: February 23, 2025, 10:55:07 PM »
Now, am just curious, if a memecoin will be introducing good and viable utility use-cases and that the market of users will appreciate, can it level up and not anymore be categorized as a memecoin?
It doesn't seem like it will be that easy. If it's Doge, well, we don't need to hesitate anymore. However, for other meme tokens, especially those that have recently emerged or are already hyped, it will be quite difficult to do so. Because even meme tokens are known as crypto that has no fundamentals, no utility, which is made for fun and jokes only. and even for now, it's just a pump and dump game, as long as it has a large community, meme tokens will be very easy to hype so that their prices will go up. but after that? It's like who cares anymore, as long as the developer and investors have taken profit, yes in the end the meme tokens will immediately drop again and disappear. That's why the underlining of this project seems to be non-existent.

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Re: A Memecoin No More?
« Reply #11 on: February 24, 2025, 06:45:05 AM »
Meme coin remains a fun tokens anytime, if it is not meme, then it must be other tokens with utility. It was first created many years ago as a fun token and nothing has changed, though this days meme has turned investors destination basically for profit.
Honestly, meme projects has successfully dragged Major investors into the meme community, pulling out huge capital from the utility tokens, and will may wait for a longer time for  for investments reversal in my opinion.

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Re: A Memecoin No More?
« Reply #12 on: February 24, 2025, 11:34:07 AM »
Now, am just curious, if a memecoin will be introducing good and viable utility use-cases and that the market of users will appreciate, can it level up and not anymore be categorized as a memecoin?
It doesn't seem like it will be that easy. If it's Doge, well, we don't need to hesitate anymore. However, for other meme tokens, especially those that have recently emerged or are already hyped, it will be quite difficult to do so. Because even meme tokens are known as crypto that has no fundamentals, no utility, which is made for fun and jokes only. and even for now, it's just a pump and dump game, as long as it has a large community, meme tokens will be very easy to hype so that their prices will go up. but after that? It's like who cares anymore, as long as the developer and investors have taken profit, yes in the end the meme tokens will immediately drop again and disappear. That's why the underlining of this project seems to be non-existent.
To be more precise, the memecoin use case after achieving good stability, it has more potential to have long-term durability... compared to meme coins that only rely on momentary hype... DOGE has been around for a long time, and its price has gradually increased over time... there are indeed flash pump moments too, but they are not as many as the newly born memecoins..

Even though the newly born memecoin use case is explained at the beginning, it will still be difficult to survive, because its competitors are not ordinary coins... new recently memecoin is too focused on imitating other previously successful coins... copying their use cases to be used as promotional materials. We knew it wouldn't last long..

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Re: A Memecoin No More?
« Reply #13 on: March 03, 2025, 07:14:48 PM »
To me a think memecoins are still in so many ways far better than airdrops because they are still of the great advantage of making more despite the risk in them than on airdrops we stand to gain nothing at the end of hunting after them, we also have to know that in cryptocurrencies, things are not expected to be the same, just as bitcoin is made being different, other coins, tokens or airdrops will also have to follow under the kind of their own pattern, which everyone of us must understand and know about these differences before choosing one.

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Re: A Memecoin No More?
« Reply #14 on: March 03, 2025, 07:32:06 PM »
Going to answer your last paragraph by the first paragraph you have given, except we know the kind of crypto project we are taking, get used to their developers and track on their records on perpetual performance, we may not just have to choose on a random coin for anything, because most of them were just created out of joke, fun and cannot have a feasible utility for their creation except all these has been defined already from their plans.

Back then, it was practically easy to know even admin of a project people invest on because there is little project around those time. There was nothing like meme coins, even ICO people were accountable for the fake coins they sold but today, people launch coins for fun and they don't bother to check, just enjoy the profits and that's all.

Until we learn to realize that what is important is real utility projects are what we need and not some of this shit coins but I don't sometime blame investors taste, even some real coins that we think are real are fake and scams too.
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