Quote from: abel1337 on June 30, 2023, 08:40:00 PM

Quote from: JahriMeayer on June 30, 2023, 07:38:14 PM

Bags of memecoins launch daily and most of those end up with scam. A few afford to come to light but temporary. When most of good coins were refuse to increased during bull run (comparing with previous price chart), then how can we expect from a meme coin to pump during next full run? Well anyone can give suggestions but its depend on a investor, Where he would like to invest his money. But its always wise to avoid memecoin.

I'm positive that 99% of meme coins that are released this year will not even reach the next bull market. I mean that they won't pump as much as other established coins out there. It is expected that DOGE will be alive few years but those meme coins who are just created to be s money making maching will either lose its community support or being abandonned by the project developers. I personally don't see a future in these meme coins. Meme coins is just a modern shitcoin.

Indeed, these digital assets seem to personify the very essence of speculative excess, a characteristic that led to the devastating Dotcom Bubble. There's a lack of substantial use-cases behind these tokens. They often arise from the humorous appeal of Internet culture, not technological innovation or fundamental value, leading to extreme price volatility.

However, labeling all meme coins as "modern shitcoins" seems slightly unfair. While I acknowledge the risk associated with them, it's also wise to consider their potential role in promoting mainstream adoption of cryptocurrencies. The likes of DOGE have managed to pique the curiosity of the masses and initiated discussions about digital currencies in spaces otherwise oblivious to the crypto world.

That being said, the survival rate of such coins is likely minimal, as you’ve rightly pointed out. The absence of a committed development team and community makes them susceptible to short-lived success.