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

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

< Show Wisdom Collection: Bumping the meme coins price. Can it affect the crypto market?article avatarAkeem Lekan

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.

article avataradnan oktay

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.

article avatarElisée Yao

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.

article avatarYogesh Ukhade

Process Worker

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

Yes. It does have negative effect on the market. Because these projects have no real values and they made as a joke and has no future value. Also there is no significance or real value for the project.

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

People follow and invest their money because they want to make money quickly and easily and these projects offers these benefits. It is meaningless.

What is the future of meme coins?

The future of meme coins are seems to be very bright. Though it offers no real values but because of many celebrities push their value to gain popularity and publicity by promoting these coins.

article avatarMarcin Szmyd

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.

article avatarRobert Gazvoda

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.

article avatarZimri Leijen

Full Stack web developer with a focus on web3 / solidity

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

It has the potential of making people more suspicious towards crypto in general, and see the entire industry as a joke or a scam. In a pump and dump, only a handful of people make money at the expense of others, while if the growth is organic, a wider audience can profit, thus creates a more healthy market. Pump and dumps don't add value.

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

Because they think they can make quick money, but the more likely outcome is that they hand money quickly to the ones who create the pumps and dumps.

What is the future of meme coins?

There will always be gullible people to exploit so I don't see it ending any time soon. The only way it would end is if people wisen up to it and are more careful in how they "invest" their money.

article avatarESMAEL DE GUZMAN

Technician/Trader

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

Yes , Because Many meme coins have no real purpose.Some meme coins have an unlimited supply. This will have a considerable effect on their long-term value.Since many of these tokens are “jokes”, they have a tendency to be extremely volatile.These coins are launched quickly, which means there is a tendency that you may lose money in the long term. You should keep these downsides in mind before deciding to invest in.

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

Because of easy profit. Some of investor hit and run after the All Time High. If you are first in the line you are probably profited a massively. But unfortunately the new comer is the unlikiest one. They are a victim after they invest and the meme coin dump.

What is the future of meme coins?

As long as many holder and hyping meme coin meme coin keep circulating in the market. But nothing is permanent. Invest only what you can afford to loss.

article avatarMuchamad Roni

Freelance

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

Some people are tossing tons of money into a stock or a coin not because they believe there’s something significantly different about the underlying value of the asset but because it got popular on the internet, and they think it’s funny, cool, or just something to do.

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

Some things are clearly legitimate and some things are clearly bullshit, and there’s also this long tail of things that are a little bit confusing, In this financial environment, sometimes just a token with a meme or a stock with a meme or an asset with a meme is enough to get a $20 billion valuation.

What is the future of meme coins?

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.

article avatarexodus exodus

now

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

Yes, because money is no longer invested in other coins. Newcomers watch what is growing today. Yes, because money is no longer invested in other coins. Newcomers watch what is growing today

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

Because most are novices. Mim Coins have more PR than others. Because most are novices. Mim Coins have more PR than others... Because most are novices. Mim Coins have more PR than others

What is the future of meme coins?

The next one of the next Coins is temporary but you have created new ones and they will already be with the Sero Coins in the future.ase rom..

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

Experience Experty at its fullest

Join to unleash the power of crypto wisdom and never feel FOMO again.

Sign up