Re: Are these the kinda memes we should pay attention to?
I agree with this.
Memecoins should not be paid attention to. Almost all of the new ones are only feeding insiders and concentrating wealth to people who simply don't care about other people losing money (and are indirectly taking from these people). When people who aren't insiders learn to avoid them, the fad will die.
Memecoins should not be paid attention to. Almost all of the new ones are only feeding insiders and concentrating wealth to people who simply don't care about other people losing money (and are indirectly taking from these people). When people who aren't insiders learn to avoid them, the fad will die.
Exactly, because in essence, meme coins are worthless tokens that merely capitalise on the current hype, with the sole purpose of enriching a select few. so, when the price rises in line with their initial targets, they will immediately sell their holdings of the token. This, of course, will trigger panic, leading to mass sell-offs, and ultimately causing the token's price to collapse. New buyers who have no understanding of the utility or fundamentals of the token will simply be throwing their money away on meme coins.
Thanks guys. A few projects were legitimate and they have a strong natural backing behind it. DOGE comes to mind and PEPE, but most memecoins were created to artificially create a narrative that didn't exist. Both DOGE and PEPE were very famous memes before their token was created, and they captured its own audience naturally. It's obvious we are saying the same thing, memecoin is not for HODL. I know of the Trump coin that was so hyped and it pumped massively just for few days before it went downhill. Just imagine someone investing massively on that. He would probably be crying by now with little to no hope of recovering his capital. When Trump is out of office, that will even be the end of that coin.
Realistically your chances are probably better playing with your life savings in a casino than to HODL a memecoin. Both depends on your me of experience and how you handle emotions.. memes are not lifetime holds, once you understand that, then you know what you're doing..
What do you think about these types of meme tokens that offer real utility, have a capped supply of 1 billion, and are backed by an active team? Are they the kind of memes we should be paying attention to?
Hmm, maybe it's one of its kind because most of the memecoins won't really shift into having a utility unless the devs have become serious on it. Or, shouldn't we call it anymore a memecoin if it has a real use case already?Are they the kind of memes we should be paying attention to?
If it's still new, not that much are going to watch them to. I'm still with the popular memecoins but the growth there is limited and not that much to be compared to the new ones but the risk is higher. With the distribution that they're giving to their users as a sign of giving back, they need to make it sustainable even if there is 30% remaining for them or somewhere for the operations in maintaining the chain.Maybe. Like I said it's capped at 1B, thats a really low supply for a meme though even most alts supply are more than that so that's an attraction for me.. trend is good till now and I've thrown a lil usdt at it on Bitget..if it does well fine, if it doesn't we move on.
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