Quote from: Wolf_of_Wallstreet on Today at 03:13:20 PM

Quote from: nimogsm on Today at 03:05:11 PM

Quote from: Wolf_of_Wallstreet on Today at 02:40:49 PM

I just don't get it. What puts such a intense hype on meme coins?
What is the use case scenario for all this? I see a very interesting SOL project listing all these new Memecoins like Slothana or Dogwifhat
and just dont get the actual use case for it? I mean, dont we have enough memecoins on the market already with DOGECOIN or SHIBA INU?
I hope someone can help me to unterstand this Huh

Everything is quite simple.If you noticed, these tokens have only speculative value, the task is to buy as early as possible and sell with minimal profit or wait for your X to profit.This is very similar to a lottery where for a few bucks you can get several hundred or thousand. But it is important to understand that Not everyone will be lucky, but 5-10% of those who take part will have to pay for the entire “banquet”
This is just another type of gambling, only now it uses cryptocurrency instead of tickets.

Thanks, so it is exactly what I expected it to be.
I still wonder how DOGECOIN can perform so well with this. It's around for quite a while an with all this, some leding figures even push this crap to the sky.
Weird and creepy how this actually seems to work out.

Dogecoin is the oldest meme token that is on any exchange and it has already earned trust. But there are also huge disadvantages associated with it.
1) it is an endless emission
2) the community already depends on Elon Musk and what he says.
Perhaps you remember how tweets from Elon influenced the price and market sentiment? What if tomorrow he says that dogecoin is a scam and sell everything immediately?