they’re not “ruining” crypto, but they are changing it in a way that’s pretty controversial. Meme coins like Dogecoin and a lot of newer tokens are basically built around hype, jokes, and internet culture instead of real-world utility. That makes them fun and accessible, and in some cases they bringRead more
they’re not “ruining” crypto, but they are changing it in a way that’s pretty controversial.
Meme coins like Dogecoin and a lot of newer tokens are basically built around hype, jokes, and internet culture instead of real-world utility. That makes them fun and accessible, and in some cases they bring new people into crypto who otherwise wouldn’t care at all.
The problem is what comes with that hype cycle.
A lot of meme coins turn into pure speculation games. Early buyers push hype, influencers amplify it, then retail investors jump in late thinking it’ll keep going up — and a big chunk end up losing money when the hype fades. That “pump and dump” feel is what makes people say they’re damaging the space.
They also distract from more serious projects that are actually building infrastructure or solving real problems. Instead of people talking about scaling, security, or adoption, the attention often goes to whatever meme coin is trending that week.
But here’s the other side: crypto has always had a strong “culture + speculation” mix. Even Bitcoin started as something people didn’t fully take seriously. So meme coins aren’t really new — they’re just louder and faster now because of social media.
So the fair take is:
Meme coins don’t destroy crypto
But they do increase noise, scams, and short-term gambling behavior
And they make it harder for beginners to tell what’s real vs hype
If you’re in crypto, the key skill isn’t avoiding meme coins completely — it’s understanding when you’re investing in something vs just betting on attention.
See less
Yeah—harsh truth: a huge percentage of altcoins won’t make it. Maybe not exactly 90% every cycle, but the idea behind that number is pretty real. Look at past cycles—thousands of coins showed up, pumped, and then just… faded. No users, no revenue, no reason to exist once hype disappeared. Why it hapRead more
Yeah—harsh truth: a huge percentage of altcoins won’t make it. Maybe not exactly 90% every cycle, but the idea behind that number is pretty real.
Look at past cycles—thousands of coins showed up, pumped, and then just… faded. No users, no revenue, no reason to exist once hype disappeared.
Why it happens:
Most altcoins are built on narratives, not real demand. When the market is hot, funding is easy and everyone launches a project. But when things cool down, only the ones with actual usage, strong teams, and real liquidity survive.
Another issue is competition. Even if a project is decent, it’s fighting hundreds of similar coins doing the same thing. Only a few winners take most of the attention and capital.
Also, tokenomics kill a lot of projects. Early investors and insiders dump over time, and retail ends up holding the bag.
What usually survives:
Coins with real utility, strong ecosystems, and consistent development. Stuff that people actually use, not just trade.
What usually dies:
Hype-driven tokens, copy-paste projects, and anything that depends only on marketing instead of product.
So the smarter way to think about it isn’t “which alt will explode,” but “which ones can still be around next cycle.”
If you treat most altcoins as temporary trades—not long-term holds—you’ll already be ahead of how most people play it.
See less