Quote from: mdzahed134 on August 12, 2024, 07:08:12 PM

Quote from: Sayeds56 on August 11, 2024, 12:14:33 PM

Quote from: marlo1001 on August 11, 2024, 09:06:49 AM

All that memecoins are just casino and nothing more. Probability of winning is too low

True, meme coins are indeed highly volatile and risky, and putting money into them is like playing gambling where chances of winning are slim. However, there is one coin named DOGE which has/had been in hype during the bullish market of 2021, thanks to Elon Musk for backing it. I think this meme coin can replicate its previous performance, if Elon Musk considers to use it as utility token in one of his projects.

Because MEME coins have no purposes, So how it will survive long term without any use cases or products in the market. Sometimes DOGE is not really a MEME coins to me, Because it’s may be created back in 2016-2017 if i am not mistake. That means it's a very old coin, and still very low transaction fees and so many use cases in this coin, So i don’t compare DOGE with other MEME coins.

The answer is simple - hyping and shilling. The project may not have the utility, but it has better ways of promoting itself. People don't like digging deeper into tech and innovation, it's much easier to believe that a coin with a cute cat on it would go up someday (at least for newbies Grin

).