Quote from: blockman on September 09, 2022, 09:30:39 PM

Quote from: virasisog on September 05, 2022, 02:09:13 PM

Doge and Shiba have set standards in meme coin so there are lots of new projects who are trying to imitate them. We can't deny the fact that Elon has a huge influence on why meme coins have been known and are continuously making a noise in the blockchain industry. They might not have a specific purpose but are still profitable since lots of investors still keep on buying them.

It all revolves around them and everyone who's into meme coins and made profit for sure followed Elon Musk. Now, there are a lot of batches coming in and out with these meme coins.
It's still a test of luck for these new coins that are naming their projects with another 'INU' and that's how it goes with the new meme coins that are coming in the market. It's so fed up that it's easy to make these meme coins that eats out a newbie's money.

Elon Musk has such strong control over the meme coin that some investors believe that if Elon Musk does it again with his tweets it will create new hype and higher prices, so they are waiting for the news to keep them expecting the uncertain even though it's clear the meme coin only fun is not the goal of the product that is featured so I'm not so sure about the meme coin.

Even though there is a lot of out-of-market for the meme coin with the same project name it's just an icon they created to attract investors and even create more hype and then go out of the market it's happening a lot now.