cryptocurrency: 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.

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.

Blockchain enthusiast, interested in crypto projects that are solving real world problems.

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

Honestly speaking, there are alot of folks in cryptocurrency space who think crypto is a get rich quick scheme and are always on the lookout for new projects that can give them 100x gain in few weeks or months. Fortunately meme coins are in this category due to the unusual craze around it. We all understand that whatever doesn't have usecase and depend on hype will ultimately fail at the end of the day. The recent surge in meme coins like shiba for instance is going to draw more crypto newbies in, because they feel they would double up their investment quicker than what other solid projects would. On whether meme coins would have negative effect on the market, the answer is YES. Alot of people especially ignorant newbies will get burnt and that greatly impacts the fear and greed index of cryptocurrencies, which ultimately impacts price

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

For quick gains absolutely. People who want to get rich overnight and who feel crypto is the right tool to bring them that quick wealth do so

What is the future of meme coins?

I really can't say, i feel they won't succeed, but if a meme coin such as doge is getting adopted as a means of payment for goods and services, then I never can tell

developer

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

I think that it has no effect, it's just a temporary boom, looking for the easiest line of resistance to success, which has no chance of being anyway, because all these meme coins are worth on their funny place no bank or financial institution will recognize it as an entity for further cooperation :)

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

because most of these people do not have a green idea about the cryptocurrency market and count on profits from space, which the market will later verify and show that, however, shitcoins are one big cabaret and they do not exist at a longer stage of operation :)

What is the future of meme coins?

only Dogecoin :) the rest are loud barking mongrels, which may once have amused but now they are already starting to irritate by littering social media and various types of cryptocurrency portals

Bussiness owner

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

I think coins are meme is the color of the cryptocurrency market And it's a challenge for investors. Without the meme coins, the cryptocurrency market will lack challenge and color. Including meme coins also creates opportunities for new investors to learn and study before trading other leading coins.

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

It is possible that what people see from different perspectives. The social media trend of thought influencers is also part of the decision-making process. And add interest to the coin memes. By looking only at short-term profitability according to social media trends and the people he cares about

What is the future of meme coins?

Looking at the past Doge coin, it would be a colorful and short-term investment with high volatility. But there are also people who like to take risks in that challenge. and new meme coins It continues to hold up again and again.

learner

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

Enjoy seamless experience on APP We're 10x faster on APP INSTALL APP ET TOP SEARCHESTOP STOCK RECOMMENDATIONSIPO ALLOTMENT PROCESSSENSEXNIFTYCURRENCY CONVERTERSBI SHARE PRICE CRYPTOCURRENCY Read on App Memecoins and memestocks: Same madness, but worlds apart fundamentally Reuters Cryptocurrencies are pretty trivial to create. Thousands are being created a day. The challenge is in getting them accepted. Synopsis When the price of a stock like GameStop goes to the moon, its effect on the actual underlying business of the company is not affected much by it. But, there’s no such tension with a memecoin. By BloombergLast Updated: May 11, 2021, 09:51 PM IST1 By Joe Weisenthal By now, everyone has become familiar with meme-assets. Memestocks like GameStop. Memecoins like Dogecoin. There are certainly a lot of similarities between them in terms of how the stories spread and how the prices move. ADVERTISEMENT But memestocks and memecoins differ in one pretty fundamental way. When the price of a stock like GameStop goes to the moon, its effect on the actual underlying business of the company (selling videogames at strip malls) is not affected much by it. So you can reasonably talk about the value of the stock being disconnected from the underlying fundamentals. my watchlist my news widget There’s no such tension with a memecoin. In fact, it’s arguably the opposite. As a memecoin grows in price, it’s actual fundamental value grows along with it. Or at least it theoretically can. See, cryptocurrencies are pretty trivial to create. Thousands are being created a day. The challenge is in getting them accepted, such that a person will, you know, actually accept a coin in exchange for some service. Thus, by bringing more people into the coin, a price rise actually has the effect of building out the network and — at least theoretically — making the coin more usable. Rising prices have other benefits as well. You theoretically could do a $1 million Dogecoin transaction right now with almost no impact on the price. According to Coinmarketcap, nearly $20 billion in Doge has been traded in just the last 24 hours. So in addition to expanding the universe of people who theoretically might accept it for a transaction, the rising price makes it more transactable without having an impact on price.

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

Many seasoned investors can tell the difference between an amateur investor and a professional one just by talking to them. It's the language that matters. The following are some common investing statements that you should try to avoid using, as well as some helpful alternatives that will not only make you sound more knowledgeable and wise when discussing the markets but should also help you think more like a professional investor.

What is the future of meme coins?

"With the rise of NFT’s and alternate cryptocurrencies, meme coins such as Dogecoin (DOGE), Shibu Inu coin (SHIB), and Mona coin (MONA) are becoming increasingly popular. Traders can find all the major meme coins here. But, what is the future of meme coins and what affects their market price? In short, the future price of any meme coin is strongly based on the community invested in it and the popularity of that coin at any given time. Meme coin communities can help spread news of the coin, get others to invest, and make a coin go viral in order to help drive up the price.

School administrator

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

No. It can add liquidity to the market, it can help the people with less money to have coin/token since they can't afford to have Bitcoin and the others that have high value/price

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

People follow and invest their money in projects that are meaningless since we thought that any possibility can happen in cryptocurrency that can change their live

What is the future of meme coins?

The future of mem coins is so good as long as the developers of the meme coins really professional, having clear white paper, good teamwork.

IT Professional

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

Cryptocurrency has become a pretty popular market since the launch of bitcoin, but a lot of the market for crypto’s conversation is dominated by meme coins. There are loads of projects and tokens out there with great fundamentals and a good backing for their value from use cases. However, for every decent coin there is one with a meme-worthy name hoping to become the next meme coin. The meme coin list is now huge. This has led to some confusion between the meme coin meaning and the meaning of normal smaller cap coins. Some people seem to think that all small caps are meme coins, or that these are memes and not currencies at all. This is what you need to know:

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

Cryptocurrency has become a pretty popular market since the launch of bitcoin, but a lot of the market for crypto’s conversation is dominated by meme coins. There are loads of projects and tokens out there with great fundamentals and a good backing for their value from use cases. However, for every decent coin there is one with a meme-worthy name hoping to become the next meme coin. The meme coin list is now huge. This has led to some confusion between the meme coin meaning and the meaning of normal smaller cap coins. Some people seem to think that all small caps are meme coins, or that these are memes and not currencies at all. This is what you need to know:

What is the future of meme coins?

Cryptocurrency has become a pretty popular market since the launch of bitcoin, but a lot of the market for crypto’s conversation is dominated by meme coins. There are loads of projects and tokens out there with great fundamentals and a good backing for their value from use cases. However, for every decent coin there is one with a meme-worthy name hoping to become the next meme coin. The meme coin list is now huge. This has led to some confusion between the meme coin meaning and the meaning of normal smaller cap coins. Some people seem to think that all small caps are meme coins, or that these are memes and not currencies at all. This is what you need to know:

Junior stake

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

no. The collapse in the price of digital currencies, including bitcoin, and others still occurs because there is no positive sentiment that can push back and make crypto prices rebound. So it's not because of the existence of meme coins on the exchange.

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

I think people who invest in projects that are meaningless are usually deceived or lack knowledge about the investment that is being carried out.

What is the future of meme coins?

better take a look at the first meme coin, Dogecoin. DOGE was created in 2013 as a joke, mocking the many new, often poorly thought out digital currencies on the market. Its creator, Jackson Palmer, wanted to see if a cryptocurrency based purely on internet memes could also capture market enthusiasm. As such, the Dogecoin branding is borrowed from a popular meme that emerged in 2013. The meme featured a frightened-looking Shiba Inu dog with a phrase written in the wrong English that has now become an icon. Examples such as "how money" and "very currency". The popularity of Dogecoin inspired the creation of other projects — especially during 2021 — with many examples of the best meme coins using different types of Inu as mascots. The community is at the core of all the top meme cryptocurrencies we support at OKEx and, in many cases, their greatest fundamental asset. Elon Musk and Mark Cuban are among the millions of loyal fans of the meme coin. The meme coin community is also associated with charitable donations. In early 2014, Doge4Water organized a fundraiser to help provide clean drinking water in Kenya.

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