Quote from: seleme on Today at 08:44:35 PM

Quote from: Erdogan on Today at 08:28:07 PM

Quote from: resonatingtopain on January 27, 2022, 03:28:25 PM

It is something that bugs me till today. Are they mostly newbies trying to find a path to enter cryptouniverse or experienced people who are just gambling to score a moonshot on luck?

This is the "meme" rank on coinmarketcap, there's millions on deflationary tokens with no effort from the "devs" at all. Just copy/paste a code, copy/paste a whitepaper, eventually pay few bucks for a domain and that's it.
Why people fall for that, yet?

The explanation is very simple.
The vast majority are people who are just starting to invest in cryptocurrencies. They have heard about the success of Dogecoin, Shiba Inu and are looking for their gem (the new Bitcoin) to earn on it like early investors on BTC.
The rest are speculators who invest in the beginning to profit from the initial price pump.

I agree, reason is simple. They want to get more money from meme coins that can go crazy in short timeframe. Investing in top alternatives coins will not bring high ROI. I never invest in meme altcoins before making my own research.

What will you get from doing your research? After all, creating meme coins is not about creating a product or usability. How many people buy it and fall into marketing tricks depends only on how much money is put into marketing.
Dogecoin is an exception with a long history and huge community. The remaining meme coins are just pump & dump shitcoins.