Post
Topic
Board Altcoin Discussion
Re: Trends like PNUT will eventually die
by
arhipova
on 09/12/2024, 02:43:11 UTC
Now, the memecoin hype is indeed a big concern, because some memecoins like $PNUT $ACT can be listed on Binance and even surprise everyone.

Even if one or two memecoins make it big, it is still a waste of money because:

1) First, if we see the overall proportion, out of thousands of memecoins launched, only 1-2 make it big. It means that others were just scams to fool people and extract as much money from people as possible.

2) Even if we take into account the memecoin like PNUT, their final fate is dropping to zero only because the hype gets over in some days. This means that 100% the memecoins become useless after some time. Why bother investing in these  stupid coins then ?