crypto: Bumping the meme coins price. Can it affect the crypto market?

Blockchain analyst and front end web designer.

Does bumping the meme coins price have any negative effect on the market? Why?

Well considering the present situation on the market,it is actually clear that bumping meme coins prices is something productive and for me I see no negative influence of this. It is a way creating better ecosystem for crypto traders and also an advancement to the Blockchain. There are many of meme coins on various platform but not all platforms accepts such coin and I think it is important and optimistic to keep it moving.

Why do people follow and invest their money in projects that are meaningless?

They actually have information and News regarding the profile on which the value of the coin would increase to. So developing little cash either in busd or usdt,in the future might possibly yield a higher returns.

What is the future of meme coins?

They future depends on the number of people that work together to make it count in terms of providing liquidation and even staking a particular cryptocurrency with high volumes of investment.

Financial analyst, blockchain engineer and a frontend developer.

Does bumping the meme coins price have any negative effect on the market? Why?

Well for me, the meme coin itself is necessary for cryptocurrency general market capital to boost up. This is because, meme coin gives every dick and Harry an opportunity to bring into the crypto space his or her immediate community thereby expanding awareness and increasing scale of investment as well as understanding and adoption of cryptocurrency. I therefore strongly believe that, when considering positive or negative impact of meme coin to cryptocurrency as a whole, one needs to put in mind the scale of the cryptocurrency general market capital, the number of awareness it's contributing to the crypto space and as well it's highly volatile nature which further express what an actual market connotes. One such perfect example of a meme coin that's doing so great is Shiba Inu, among others like fegtoken, pig and some few others. Ofcourse we can not overlook the downside of meme tokens in terms of the many rugpull and scam project that have come and go or those still in existence. But if we are to condemn meme coin because of the wrong use of cryptocurrency technology by some who lacks the understanding of the purpose of crytocurrency to the world, then we are simply cutting off the lubricating oil from a running engine simply because it looks dirty. Infact, one should consider putting an end to all currency of the world if we are to judge by that standard because all Fiat currencies have in one way or another experience misuse either from government, its agency, citizen or worth a view. Thus as a more resolute way of judging after considering the up and down side to meme coin is that, bumping the meme coin price does not imply a negative impact on the market

Why do people follow and invest their money in projects that are meaningless?

This is because they wanted a quick return on investment which most established coin can't promise in a matter of hours or at most case few days less than a week of investment. As the old saying goes; "people would believe a lie because they wanted it to be true or because they're afraid it might be true" People so desperately wanted meme coin to fulfill all that was promised in its roadmaps and whitepaper and to reap it effect on price changes as quick and as soon as possible. Often times, few have been lucky to buy early into such meme coin and made a massive return, while others were just victim of such investment. People most times seldom look at a good project with prospect because it doesn't tend to their immediate needs. In a capsule way of sending the message across, I'd say; "The World is hungry, so hungry from the faming caused by the old system of currency flow in so a great a way that even a robust bag (whale) could nolonger contain their hunger this in turn leads to greed for some and for others a further starvation as they're yet to even make a break from whatever their national fiat has made of them"

What is the future of meme coins?

Meme coins to an extent may survive as an entity of NFT market. However, instead of seeing any clear future for meme coin I rather see them as an harbinger to the future of cryptocurrency as a whole in terms of their contribution to Adoption and awareness of the crypto - age. Until cryptocurrency is generally accepted and adopted by nations and citizens of the world, meme coin may continue to thrive in the absence of regulations and would in fact help in the development of many Altcoin as well as the general market capital of cryptocurrency as a whole. Most widely sought after token now adays were once regarded as just a meme coin from ethereum, to dogecoin, among others. Thus, meme coin truly would serve as harbinger to the future of Altcoins but would remain likely useful in the NFT market place, but on it's own, it would slowly but surely fade off in the presence of strict rules and regulations.

Community manager and marketer

Does bumping the meme coins price have any negative effect on the market? Why?

There is no point in eradicating memes coin, the fact that many people benefit from it. Meme coin have added to the wealth of many people, some people build house and bought a car with memes coin, such as, Safemoon,Shiba Inu and doge, meme coin has been helping the minority (poor) people who can not afford some coin at higher price, some people can not afford Bitcoin at $30k but with the help of memes coin they bought with $100 and it later give the a return of $3000 dey where able to buy some ETH and some Bitcoin (Satoshi). Inaddtion, take a good look at Bitcoin cash that was rebranded to ecash with a ratio of 1:1000 unit, that is, if you hold 1 Bitcoin cash, you will be given 1000 ecash, memes coin stand to be one of the redistribution of wealth, it bring unity and equality to human mankind. Source (https://cointelegraph.com/news/bitcoin-cash-abc-rebrands-to-ecash-embraces-proof-of-stake-and-2-decimal-places) In conclusion, with the above explanation I believe I'm able to convince you but not to confuse you that bumping of memes coin price does not have negative effect on the market. Thank you.

Why do people follow and invest their money in projects that are meaningless?

Anyway, the is a good question, to my own research I believe there are many poor people in this earth, many people believe in what they can eat, that's why they follow where there is money. Some even believe that if a project is lauch today and the price is $0.000000001, they believe if they can buy $10 worth of the that token, in the next 2 years the price might be around $1, by then they can sell lol, and they didn't do any FA and TA, they've forgetting doing some research, checking a project usecase, technology,team, marketcap,TVL, marketing team, partnership and the so on. 2. The reason why people invest in project without usecase is because of lack of how Blockhain works and the the crypto currency space as whole, many people don't understand how the Blockchain works, that's why I said some people are in for the money. 3.some believe in their Mentor, whatever their mentor told them to do, is exactly what they will do.

What is the future of meme coins?

As a financial analyst and a trader I believe that 90% of meme coin will fail, 5%will struggle to survive while 5% will survive the race. Just like 2011/2012 when different coin was created without usecase but only 3 of those coin are still intact till today(ETH, Ripples,Litecoin). Some are struggling now while many have fail.

ACCOUNTANT

Does bumping the meme coins price have any negative effect on the market? Why?

Meme cryptocurrencies are the focus of attention for 2021. Meme coins have received solid support from popular businesses in various industries.

Why do people follow and invest their money in projects that are meaningless?

hope is the bread of the poor. crypto has become a gateway for people who hope to make easy money. Also need to keep up with the future.There is an unstoppable growth day by day

What is the future of meme coins?

Where there is smart money there can be protocols and exchanges, while sometimes dumb money wins in meme tokens. As we reported in May, a crypto trader named 'The Kennel Master' successfully converted $1,800 to $3.5M in just a few months by just trading dogecoin. It wasn't all upward travel. The Dogecoin market then stalled and some tokens were withdrawn, wiping out a significant portion of Kennel Master's earnings. To underline the danger, these tokens are data provided by Kennel Master showing that some of these dogecoin investments are rugpull or scam.

cryptopreneur

Does bumping the meme coins price have any negative effect on the market? Why?

Bumping the meme coins price does not have negative effects on the cryptocurrency market. Because the market is not made to be tamed by parties. If New rules and crypto developments are daily added and each cryptopreneur is adapting his knowledge and earning methodes to it.The traditional is always touched by daily researches.

Why do people follow and invest their money in projects that are meaningless?

People invest their money in meaningless projects because they are tired of doibg the same things they are used to years back.They learn ,try and innovate.Discovery is a curious word we all get in.Meaningless projects exist just from the debut.we All saw bitcoin start

What is the future of meme coins?

Meme coins have a great future,Weekly people arz getting more attracted,the more audience the more projects ,The names given don not count for people it is the unique opportunity it offers.

freelancer

Does bumping the meme coins price have any negative effect on the market? Why?

No! The crypto market will only be influenced by a few things that each coin has, such as network security, number of nodes, increasing demand, fiat currency inflation, production costs, and regulation.

Why do people follow and invest their money in projects that are meaningless?

Nothing can beat the fun. Meme coins are indeed just a fun thing that can give them the "holders" of unlimited happiness. Although not meaningful, of course every meme coin has its own advantages. If their project grows big, of course it will be very profitable for all the holders, besides the fun being channeled. Like SHIBA INU, the holders are happy to own it and get great profits.

What is the future of meme coins?

The meme coin has a bright future. This trend is due to the large number of meme coin fans around the world and the development of information technology which is something that everyone needs. In addition, the growing success of NFTs has made digital assets very valuable for everyone to own.

Student

Does bumping the meme coins price have any negative effect on the market? Why?

I would say the rise in the meme coins price will not have a negative effect on the market but rather will have a positive impact on the market. Because the bump in meme coins price show that these coins are not totally worthless and can have some worth. Those that invested in it will not totally lose but have something to show for. Due to the rise in its price, the confidence of those that invested in meme coins will not be shattered and they will be glad to invest more in crypto market.

Why do people follow and invest their money in projects that are meaningless?

Some People think of it has a way of having fun. Despite knowing how meaningless the project is, they still invest in it in order to have fun. On the other hand, some didn't know that those projects are meaningless. They think they are investing in real project which in turn will yield profits for them at the end. This the are the novice, they are less informed about the project.

What is the future of meme coins?

Meme coins have a future if it continues the way it's going. There is a future for meme coin; like dogecoin which last year was not even worth 1 cents present have its price 12000% and show good sign of growth. So if meme coins continue to show it worthfulness many will continue to trade and invest in it.

IT Administrator

Does bumping the meme coins price have any negative effect on the market? Why?

The meme coins have a huge impact on the crypto market, which was clearly shown this year. How great a manipulative risk there is here is expansive. An influential person can take complete control of pricing here. A lot will happen here, but it is part of Cryptomarkt that there are no regulations here that regulate such situations. Some meme coins may prove useful one day, but so far it's just manipulation and moneymaking. The coins will not necessarily bring new users to the crypto market either, because many will lose their money in the process and will never do anything with crypto again.

Why do people follow and invest their money in projects that are meaningless?

People invest in these projects because they want to make a lot of money quickly, which has actually worked in some cases is now being repeated over and over again, but at some point the market will be saturated and collapse.

What is the future of meme coins?

I think only two or three projects will remain, everything else will be forgotten. There are far too many projects that have no background. The market doesn't actually need meme coins, they will destroy trust in crypto.

Investor

Does bumping the meme coins price have any negative effect on the market? Why?

Yes, in my opinion. Bumping meme coins leads to improper coin ranking, this trend continues, it has even worse impact. People gets this question in mind whether to invest in a meme coin, which can be pumped well one day or to rely on long term projects. At least a portion of the investment goes out of coins with real use cases to these meme coins

Why do people follow and invest their money in projects that are meaningless?

People who believe in pump-dump scheme, thinks one day this meme coin which is of no use gets some pump based on celebrity tweets or other social media endorsements. People take part in such scheme only to make some quick bucks, they don't care about long term vision of the project.

What is the future of meme coins?

Meme coins are in trend now. Even though I don't really support this. Meme coins will continue to be part of crypto currency ecosystem and occasional pumps boosts meme coin adoption to large community.

Crypto and startup advisor | Project developer | listing agent

Does bumping the meme coins price have any negative effect on the market? Why?

Of course he has it. A lot of people ask me for advice on whether to invest in some new MEME coin. My answer is no, unless they want to gamble. I know a lot of people who recklessly followed FOMO and got stuck on such projects, and lost a lot of money. Of course, some have earned a lot, but there are few of them.

Why do people follow and invest their money in projects that are meaningless?

The main problem is FOMO and of course blindly following influencers and “crypto experts” who have their own interests to make money on such naive people.

What is the future of meme coins?

Most of them will fail and their value will go towards zero. Some of them, however, will be kept alive by their community by finding them useful. Let’s say for use in games.

This is not a financial advice. Please do your own research and consider the risks of trading cryptocurrencies.