Post
Topic
Board Altcoin Discussion
Re: how long do we think memecoins narrative is going to last ?
by
Hispo
on 20/05/2024, 14:38:45 UTC
✂️
Isn't it too late for that? I know in crypto there's nothing like been late but what I mean is. Just like we have Altseason, meme season etc.. Is true they have good community and I realised they have been listed on Bitget, Mexc etc and I also read some places that they have plans of getting listed on Binance.

Now, do you really think this memecoin will do a thing especially when I believe the meme season is over

It is a good chance this memecoin will have something positive to offer to the memecoin ecosystem. Though, what you have said kinda collides with my personal definition on what a memecoin is in the first place... To me a memecoin is a token/coin which does not do anything and do not have a case use beyond the name of the coin by itself, you know. Dogecoin is a good example of it, it is just a Proof of Work coin which has a dog image slapped on it.
On the other hand, if the coin has other utilities and functionalities beyond the name alone, then I would say it goes beyond being a memecoin.
But I guess the definition of what a memecoin is can vary, depending whom you ask in the first place...

Regardless the case, if you are considering to put money in memecoins,  specially new ones, such operation should be consider to be a gamble move, possible high reward, indeed, but also comes with a very high risk. That is the definition of gambling, in my opinion.

There are already people in the gambling section of the forum talking about how investing in memecoins could be considered some kind of gambling.