Your opinion about meme-coins wave 2021

[MrSpasybo 1049]

"Canine-themed meme tokens like ELON, SHIB and DOGE have taken control of the market while Bitcoin consolidates below $57,000 and Ethereum holds above the $4,000 mark.

The biggest event generating conversations across the crypto sector and social media is the rise of dog-themed tokens inspired by the recent mega rally from Dogecoin (DOGE). The more than 20,000% rally from DOGE has shocked value investors across the world and many Bitcoin maximalist and equities traders are scratching their heads in confusion, given that DOGE was originally created as a simple joke.

Demand for Shiba Inu (SHIB) has been so intense that buyers overwhelmed the Binance system with deposits, causing the top exchange to run out of deposit addresses, while the Binance Smart Chain-based Australian Safe Shepherd (ASS) token has gained more than 400% in 24-hours. The Elon Musk-inspired Dogelon Mars (ELON) has al rallied 170%."

 

Source: Dogelon Mars, Shiba Inu and Dogecoin take the lead as Bitcoin consolidates

 

First of all, I congratulate the investors who made a lot of money from the meme-coins wave. Their luck really makes others admire.

However for the crypto and blockchain markets, this is a pain when good projects do not have the capital and interest to develop and soon create useful products for community.

 

We see IOTA, REN... updates, but token prices of these projects have not grown as much as DOGE, Shiba Inu or AquaGoat. This just shows that the madness has dominated the crypto market rather than the place where we talk about the technology, the solution and the practical value of crypto to society.

 

And even more sad when in the future, when price of meme-coins drops, we will see the sadness of late investors. The image of crypto has become distorted for a lot of people in the community who are thinking that crypto is a big casino with capitalization above $2T @@

 

What do you think about this meme-coins wave? Are their absurd price increases a good or bad signal for the market and the future of crypto?

[Whited35 15285]

5 hours ago, MrSpasybo said:

What do you think about this meme-coins wave? Are their absurd price increases a good or bad signal for the market and the future of crypto?

Unfortunately, such coins were used as the pump and the dump instruments and mostly there were bigger whales to play in the markets behind the scene. I you are locating the Dogecoin's movements, it was also used by the limited whales to get the unexpected benefits. This sort meme coin wave and fest are not so remarkable for any sort of traders. 

[ARSALS 419]

my friend there are many coins but you first have to investigate that which is best for you then invest your money in such kind of coins I think this is the best option to research first and then invest.

[rekter 8129]

I don't think that these should be considered as serious investors. They were gambling with hype and didn't care about fundamentals. And look what happened now. Insane risks / insane rewards / insane losses.