Quote from: eaLiTy on July 05, 2021, 11:59:20 PM

When the price of Dogecoin rallied everyone wants to take that opportunity and run their own version of the coin and now i lost count about the number of projects in existence aiming at luring the investors promising that i could be the next hype train that could rally and there are some similar coins that made a huge rallies but no one can assure you that the new meme coins will survive.

And some of them are getting good interest from the investors because everyone thinks these coins will be pumped while actually, I don't think any of them will be pumped at all. It's sheer lunacy in the market right now that any coin is coming with a meme or doge coin theme and people are buying it.

Quote from: Oxen_Project on July 06, 2021, 12:28:46 AM

Meme coins are fun, but you should never put serious money on them. Its fun to throw a bit of money at them but your heaviest bags should be backing projects that build real products.

Either that or meme coins only suitable for short-term and sharp trading. If you see a meme coin is being hyped you may buy it to sell later, like Elon used to make tweets, smart traders will immediately buy the coins and wait for the bubble to hype up and once it has heated up nicely, they will just sell and get out of the market for the time being.