Quote from: Abiky on April 11, 2024, 04:00:04 PM

Quote from: mich on April 11, 2024, 08:07:34 AM

Well I do think there is so many meme coins now. That there is good chance that most of them will turn into nothing but shitcoins.
But I am interested when a major token does a meme coin. Solana meme coins are big interest for people and new meme coin called Slothana.
And there is some people already who is making millions trading it. https://crypto.news/traders-think-slothana-could-be-the-next-big-solana-meme-coin/

It's insane. People are wasting money into worthless tokens that are only driven by hype. What real use cases does a "meme" coin provide? Nothing. It seems like Solana will become the #1 chain for this kind of garbage. It's the only thing that's been "pumping" SOL's market price (besides the sale of the Saga smartphone). I wonder how low will Solana go once the "meme" coins hype comes to an end?

Instead of focusing on "meme" coins, people should pay more attention to serious cryptocurrency projects. I'm talking about Bitcoin, Ethereum, and the likes. You're more likely to build generational wealth with BTC and ETH, than any of the "meme" coins listed across mainstream crypto exchanges. Considering that "meme" coins are a passing trend, expect 99% of them to die in the future. Only Dogecoin will survive because it's the oldest "meme" coin in existence. Crypto land behaves in many strange and bizarre ways, so expect the unexpected. Grin

First of all, I wouldn't call it a "waste" since its their money and they are free to spend it the way they deem fit. But that aside, this is part of the features of a bull market and we have to get used to it. I myself don't believe its smart, but some people are truly printing millions through this means, so who are we to judge?