The water is wet..
(Edited)
And meme tokens are mostly shit!
Well, that's pretty much the findings of a new study by Chainplay. Now, I don't know how close they followed the principles of the scientific method, but their main finding was the following
A staggering 97% of memecoins have died by 2024
Honestly, I would expect that number to be closer to 99.9 % lol.
The sample size was quite big btw:
To gain a deeper understanding, we conducted a study on 30,000 memecoin projects
The coins included in the study came from the chains of Ethereum, Solana, and Base.
Some other key findings were:
- Average lifespan of a meme coin is about a year when three years is generally the standard industry for other "normal" crypto projects.
- More than half (55.24%) were found to be malicious
- 2020 mem token projects die every fucking month. Lol.
- Nearly 60 % of new investors consider meme tokens a must for their portfolio. Degenerates 😂
- Only 13.77% of news reports about memecoins are currently bullish. I expected that number to be higher honestly.
Anyways it was a fun read, check it out here is you want.
So yeah. Meme tokens are poop. 97 % poop to be exact 💩
Posted Using InLeo Alpha
0
0
0.000
It is what it is. It is very important to have a deep knowledge of this things. In the process of memecoins no longer existing I am pretty sure many will have lost funds in the process
Interesting would be like how much people make how much money with them. The fact that those shit-coins still popping up screams that some people are successful creating them.😜
Congratulations @trumpman! You have completed the following achievement on the Hive blockchain And have been rewarded with New badge(s)
Your next target is to reach 610000 upvotes.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPCheck out our last posts:
And people actually made a study to realise this. Man, there are some investigators with too much free time on their hands...😁 !BEER
I have never believed in the potential of meme coins, but as an investment I admit that for some it was an excellent investment. For now I still remain of the idea that investing in a meme coin is a huge risk and the data you showed at the beginning of this post proves it
Sounds shitty to me 😂😎😎😎
!PIMP
Like your face !pimp
Thank you, Captain Obvious. Now I know more of what I already knew.
I wonder what the next new great invention in crypto will be. Something that makes sense?
I thought it would be 99% rather than 97% so it's more than I thought.
I have to agree, they really are. All set up for a nice rug pull. If you invest in these you have to use the spray and pray method. But a shitload of different and hopes one pays off bigtime...
!PIMP
Evidence and sound judgement don't seem to play a role in memecoin "investments".
meme coins are ridiculous.
Hopefully, one day we will see the dawn of real projects like HIVE.
Most coins will die to be honest. 99% will crash -99.99% in the next bear market
I believe that number will grow this year due to the advancement of ai, and now every dumb ass is able to create a token without even knowing anything about blockchain... With the right marketing it's very easy to sell shit this days, and no matter how shitty the shit is, there will always be someone willing to buy it.
View or trade
BEER.Hey @trumpman, here is a little bit of
BEERfrom @pardinus for you. Enjoy it!Learn how to earn FREE BEER each day by staking your
BEER.What !DOOK !BBH
Well shit @pepetoken, this post is older than 7 Days days.
Look for some other shit.
(We will not send this error message for 24 hours).
Learn all about this shit in the toilet paper! 💩
@trumpman! @pepetoken likes your content! so I just sent 1 BBH to your account on behalf of @pepetoken. (33/100)
(html comment removed:
)