Quote from: EFS on November 28, 2024, 10:23:30 PM

Quote from: STOPBEINGREEDY on November 21, 2024, 08:09:13 PM

Hi all.
Anyone know why the newest memecoins are skyrocketing despite having few holders and being seemingly sh*t?
Would much appreciate input👍.

People see the prices and the huge marketcap of Bitcoin and major altcoins and find them expensive. They turn to much riskier coins to make easy money in a short time. In an environment where a new token appears every second, the only goal of those who put money into them is to multiply their money. They should be seen as a new generation of ponzi, they have no technological innovation, no value they put on. Get rich quick or lose all the money, there's no in between.

Exactly, Most of these new memecoins are just hype vehicles no real utility, no tech behind them, just vibes and FOMO. People see someone turn $50 into $5K overnight and think they can time it right too. Truth is, it’s just musical chairs with money. It feels like a chance at easy money, but 99% of the time it ends with people holding worthless bags. Not investing it’s gambling with shinier branding.