Post
Topic
Board Altcoin Discussion
Re: Can anyone explain what is the value of meme coins?
by
adzino
on 10/06/2022, 04:19:57 UTC
I am confused that there are meme coins whose prices are sky rocketing but I dont see any real value these meme coins are providing
Nothing. No value. The prices go up when they get hyped. The prices go up when they are trending. Once the hype and trend goes away, the price crashes very badly. And then once again, a new hype is created to pump the price. The bring useless updates like "burning portal" or "NFTs" or "metaverse" to bring back those hype. Most of them don't even proceed/work on the roadmap while others fail. And then look at twitter, lot's of people shilling for those meme coins.
Meme coins have no value. It is the trend, hype and community that keeps it alive.