Post
Topic
Board Altcoin Discussion
Re: Is the meme coin market cap spike a foreshadowing of bigger things to come?
by
Silberman
on 03/06/2024, 19:35:57 UTC
...

What can you say about this news?

in my own opinion it's tough to say whether the increase in meme coin market capitalization is a hint of bigger things to come. The meme currency market is known for its volatility and speculation, so the spike could be a one-time occurrence. However, other investors believe meme coins have long-term potential as a digital money or a way to interact with online communities. Finally, only time will tell if meme currencies' value and relevance in the cryptocurrency market continue to climb.

It does not really mean anything other than there are many people that love to speculate on this market and they are using meme coins as the vehicle to do this, this does not mean that meme coins have become viable long term investments, because for what I can tell they are just as bad as they have always been and this will never change, however I expect for meme coins to get more active once the price of bitcoin goes up again, as that is the moment many of the developers behind them release a great deal of coins, hoping for at least one of those coins to get popular and make a lot of money this way.