Quote from: Odusko on January 27, 2025, 03:13:39 PM

Quote from: AlphaBheta on January 27, 2025, 03:05:33 PM

How long do you think this hype around memecoins, especially Solana memecoins , will last ?

Since the beginning of the year, we've been getting so many projects from Solana and a lot of them have been doing so well, or at least benefitted a lot of people.

TRUMP, Fartcoin, WIF comes to mind, and there are already new ones like UFD (Unicorn Fart Dust for those that are not familiar) looking to do something similar. But do you think we've reached the end of the pump, or would this continue for a while?

The bigger question is how successful have memecions been since the hype around them started, also considering the current market conditions, what is the performance of the top memecoins at the moment and what is the percentage of the crash between their all-time high and current market price, if it loses in price is greater than half of the total ATH it means there is no potential sustenance of the market, so since we already that that memecions lack an ecosystem and depends on hypes for it price to get pumped it then means that it is open to manipulation anything which is not a good investment feature for any assets, so I advise you be careful when dealing with solo chain based memecoins as an investment.

To be fair, almost every niche in crypto is susceptible to manipulation, and I agree that it's more frequent with memecoins, but we still cannot ignore the fact that a lot of people also profit from the space, and by this I mean average traders.