Quote from: adzino on Today at 04:54:33 AM

Quote from: Joseph-P on March 20, 2024, 07:50:43 AM

There's much discussion surrounding the current memecoin season. We've witnessed all the usual aspects of a crypto memecoin season: from speculative trading to numerous project launches and presales, along with a flurry of airdrops. Presently, speculative trading and presales are at the forefront. While airdrops like JUP and Wen have come and gone. We’ve even seen bigger projects like bitget introduce their own airdrop/ rewards programs with prizes for various activities such as registration, spot trading, and completing futures trading tasks.

At this point, we've experienced a wide range of events so far and comparing the current scenario to what I recall from the bullish market of 2021, it seems like we have encountered all that a memecoin cycle can offer. Consequently, I anticipate a direct transition to altcoin season. Any thoughts on this prediction? Or how much longer do you think this will last?

Yeah, there are lots of meme coins being created now and they are being pumped. But don't forget, they are also being dumped within few seconds to days. Thousands of people are investing in those meme coins and only like two or three people are getting lucky. Rest of them are losing a lot. Most of those meme coins are just scam coins that get rug pulled. Again, among those few that are making some quick profit, most of them are the developers themselves or their friends. They pump the price, and then dump their coins to take the profit and leave. So to answer your questions, you can't predict the meme coins. It is like gambling on a casino. And no one knows how long this "meme coin" cycle will last.

right, there are some people's may be who are involved with the project, they only getting profit in large scale from such meme coins, majority of the common people's or investors losing money after invest in meme coins, and some few investors are getting profits who's early investors and if they are lucky.