investment: 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.

Trader

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

In my personal opinion, meme coins don't always have a negative impact on the market, because for investors this is an option, it can even be an alternative investment that can bring profits when the price of Bitcoin drops. Example : Dogecoin and Shibainu

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

They try their luck at the same time look at market trends, where this is an opportunity when the market is down, sometimes there are actually some altcoins including types of memes that can gain profits

What is the future of meme coins?

Although meme tokens are fundamentally not good, but this depends on the community itself, especially if a meme token has good fundamentals and utility, it will certainly have good value in the long run.

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.

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

Analys data

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

meme coin is very good but people think this is a scam, but for my strong community will always support people who come forward and can definitely do it

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

because it feels very good fundamentals and really really great like the professional says that we know which one is good life your online with crazy rich

What is the future of meme coins?

meme coin is the greatest investment by joining great people to do good causes like donating, sharing and giving charity have fun have fun have fun

Menejer

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

do not think it will have any impact on the market because every coin is individual! The price of any coin depends on both advertising and investment. The more you invest the higher the price of the coin

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

Probably because they hope that their investment in the distant future will bring some benefits think it is better to invest in a popular but not so expensive coin in DOGE . think it is better to invest in a popular but not so expensive coin in DOGE

What is the future of meme coins?

Has a very bad future! I think all the investment in it will be lost! It is not enough to just do advertising, you also need to invest. It is better to invest in already recognized coins BTC or DOGE

Senior

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

1. Any fudder.. example fud from China country.. so they sell they coins.. 2. The projects is scam people on the world so members is lose fund

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

Investing gives your money the potential to grow faster than it could in a savings account. If you have a long time until you need to meet your goal, your returns will compound. Basically, this means in addition to a higher rate of return on investments, your investment earnings will also earn money over time.

What is the future of meme coins?

Meme coins Price 24h 1 Dogecoin DOGE $ 0.2410 -2.97% 2 SHIBA INU SHIB $ 0.0000267 +1.79% 3 SafeMoon SAFEMOON $ 0.0000018 +0.20% 4 CumRocket CUMMIES $ 0.03240

Crypto Trader Instructor, Coder and Blockchain Developer

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

Yes, bumping the meme coins price have negative effect on the market. Because... Good projects with use case sometimes are left alone while people focus and invest most of their money in a meme probably due to ignorance on the sides of newbies to Crypto.

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

People invest their money in projects that are meaningless mostly due to ignorance or due to FOMO(Fear of Missing Out). And sometimes done by expert traders because of greed of more profits especially when the coin is shilled by an influencer. i.e DOGE shilled by ELON MUSK.

What is the future of meme coins?

Meme coin has no future unless if given a use case. Because... Most traders we have today understand fundamentals and meme coin has no future on their side as everyone knows a coin without a solid use case is not good for long term Investment.

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.

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