A Memecoin No More?

[taufik123]

-snip-
people launch coins for fun and they don't bother to check, just enjoy the profits and that's all.

Not only for fun, but those who launch memecoins in a fast time certainly aim to profit from the memecoin.
Many scammers do this practice and they can earn millions of dollars very quickly through the launch of memecoins that follow the latest trends.

Thousands of memecoins appear every day and thousands of memecoins are also scams right away,
only taking money from retail traders who hope to get thousands of percent profits but in fact are only an exit liquidity for scammers.

[SamReomo]

Thousands of memecoins appear every day and thousands of memecoins are also scams right away,
only taking money from retail traders who hope to get thousands of percent profits but in fact are only an exit liquidity for scammers.

Yes, those type of meme coins appear mostly on Solana blockchain, most probably on platform like Pump.fun, those who want to lose their money should consider investing on those useless meme coins. They hold no real world value but are created by scammers who get so much money from innocent investors or in exact words from greedy investors.

[bitterguy28]

They hold no real world value but are created by scammers who get so much money from innocent investors or in exact words from greedy investors.

honestly at this point, can we still call these investors innocent? there have been warnings of memecoins or projects that could potentially make an investor lose out and yet investors never learn and they continue to take big risks in hopes of big rewards as well but they all end up losing anyway

at that point you should not be innocent and you should be knowledgeable enough to make the right decisions

[vegasus]

Meme coins, hmm, a prolonged and often occurring dilemma. Want to ban it, it also seems impossible because this is a very tempting business. While if left alone, the answer is that meme coins will always appear, so we ourselves must do a good enough filter to detect projects that are suspected of being scams.

[kai]

.....
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, have you forgotten the DOGE coin which was originally a meme coin has now changed into one that has a lot of utility. Look at the Doge coin which is already widely used by all major companies for payments, look at Binance which almost every day millions of DOGE coins in-out to Binance-Coinbase-Bitfinex etc.

I think the DOGE coin is now not just a meme coin but the DOGE coin is a coin that is super widely used by the community in the cryptocurrency space.
My choice is the DOGE coin is a coin that is not a Meme coin, if I have cryptocurrency Mining skills then I will definitely mine DOGE coins for profit in my life.

[Gurujebs]

Meme coins, hmm, a prolonged and often occurring dilemma. Want to ban it, it also seems impossible because this is a very tempting business. While if left alone, the answer is that meme coins will always appear, so we ourselves must do a good enough filter to detect projects that are suspected of being scams.

The billions of dollars on meme coins is too late to ban it now, who will bear the cost of people investment on it. It has been said and repeated many times even by the SEC that meme coins are fun and not investment but people don't care about it, they want their profits and they are either getting it or they are getting rekt, it's their choice at this point.

What it need is regulations but we all know that regulations can comes in two ways, it either favour the people in it or it affect the people involved and most likely, it will affect people definitely. It better they are left the way it's, they will get tired of the trend.

[vegasus]

Meme coins, hmm, a prolonged and often occurring dilemma. Want to ban it, it also seems impossible because this is a very tempting business. While if left alone, the answer is that meme coins will always appear, so we ourselves must do a good enough filter to detect projects that are suspected of being scams.

The billions of dollars on meme coins is too late to ban it now, who will bear the cost of people investment on it. It has been said and repeated many times even by the SEC that meme coins are fun and not investment but people don't care about it, they want their profits and they are either getting it or they are getting rekt, it's their choice at this point.

What it need is regulations but we all know that regulations can comes in two ways, it either favour the people in it or it affect the people involved and most likely, it will affect people definitely. It better they are left the way it's, they will get tired of the trend.

Yes, even if you want to ban a new meme project that is about to be launched, this is also quite difficult. because there is no platform or certain party that regulates all of this. moreover, this also depends on the community, how the developers attract a lot of attention and make the meme tokens community bigger for their project. and the way is indeed related to the hype.

So what we can do is we personally have to fortify ourselves from various things, if you are interested in entering meme coins, make sure that we have a good handle and understanding of when to enter and when to exit. don't just follow FOMO, we  will lose.

[LogitechMouse]

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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?

First of all, let's take the definition of meme coin based on Coinmarketcap: LINK

Memecoins are the crypto tokens created as a joke or meme and claim to offer huge gains to holders.

Basically, meme coins are just useless coins that are being created for the sake of profit. Now if a meme coin will have a use case then it might not be considered as a meme coin anymore since most of the meme coins are useless. This definition is a bit subjective though because there are some meme coins that are being created for transaction purposes such as DOGE (in the past). Also, there are some meme coins right now that are continuously developing like SHIB and FLOKI especially SHIB because they're already creating their own blockchain and FLOKI is creating their own games.

In general, most of the meme coins are considered shit and useless, but I guess despite the fact that there are some meme coins that already have some use cases, we can't change the fact that they started as a meme coin, and will stay as a meme coin.

[bitterguy28]

Basically, meme coins are just useless coins that are being created for the sake of profit. Now if a meme coin will have a use case then it might not be considered as a meme coin anymore since most of the meme coins are useless.

to me a memecoin is if it came from a meme

if it has a character or a joke as the project's inspiration or identity regardless of purpose or any technical factors then to me that is a memecoin the reason why many memecoins do not have purposes is because the only thing that makes it a memecoin is their identity which is why they often dont care about having an actual hype so long as they generate hype

[Mr. Magkaisa]

       -      There may be many communities that will no longer accept meme coins because of the recent rugpulls, but that doesn't mean that the meme coins field industry will disappear. Of course, meme coins will still exist because they are already part of cryptocurrency. They won't disappear, I'm just saying this as a fact check.

That's why we often read that many people remind us to always be vigilant when choosing the meme coins we will buy, just always do the DYOR.

[Bobcrypto]

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.

It obvious that meme coins are created as a joke coins and they will always be a joke memes anytime, whether the developers or creators are scammers, meme coins will remains the joke coins, and they can never be like utility tokens.
In addition, Dogecoin was the first popular meme coins that has experienced huge growth because of Elon Musk influence and promotions over times, however Dogecoin remains a meme coin just like others which has no long term investors.

[Rubel007]

If there is utility with meme coin in the initial stage, then investors will have a different view of that memecoin. The main thing is that meme coins are losing their value. Investors who hold Dogecoins get a good price for a few days, but with the passage of time, the value of meme coins starts decreasing. Since there is no utility, people's demand for the coins ends. Therefore, if meme coins have utility, then investors will have confidence in those coins but no assurance.

[Aanuoluwatofunmi]

I've seen some cryptopreneurs whom have deem it feet not to go for memecoins again after having their worst ever experience in it, but later at the cause of time still finds their way coming back into it, because they have seen series of those making it from same even while they left and couldn't hold it anymore, cryptocurrency is what we have to learn, know it and understand how we could engaged on what is best and good for us, not even when we begin to compare ourselves with others, we are going to missed it.

[Trongduy]

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?

If that token has clear utility, it provides a solution for users and it will not be a memecoin. For example DOGE may no longer be a memecoin because it has been accepted for payment in some places.

I don't think any new memecoins can achieve similar success. Most of them are born and then abused and manipulated by whales. I don't see any potential in them, they should fail and disappear quickly from the market.

[Faisal2202]

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?

That's really a great question and I think it would not be called as meme coin anymore because meme coins are meant to memes which should have no use-case but just community driven, in start I was not interested in knowing memecoins much but now as I have seen how a community picks a memecoins and then when they just fed up from it just like when they fed up from a actual meme and move onto other they do the same with memecoin.

The best way is to move from one to another and go with trend, or follow whales because they set the trend most of the time. Meme coins will never have actuall use-case, BTW does Doge is meme coin anymore, as it do have use-case now, or there will be more soon. Well, let's see.