Survey: Is Memecoin still worth investing in? Will Memecoin prosper or collapse in the future?

Are MemeCoins still worth investing in? While many of these tokens have fun, trendy advantages and are hyped up to make them potentially highly profitable assets, some MemeCoins could turn out to be money traps. But which scenario is more likely?

To answer this question, we surveyed 1,503 cryptocurrency investors around the world. The main purpose of the study was to assess the potential of these tokens in the market. The survey included investment sentiment, investment amount ratio, and investor profile disclosure. The main findings are as follows:

Investment sentiment

63.9% of investors would buy MemeCoin, while 36.1% would not, representing mixed sentiments towards these assets.

1. Only 30% of cryptocurrency investors believe Memecoin is a safe investment. Most believe these coins are scams, but not in the literal sense. Their opinions are more inclined towards the unpredictability of the value of these coins. 70% of investors surveyed believe that Memecoin will generate a lot of profits at first, but then the value will drop significantly or even completely. In fact, 53% believe they can profit from Memecoin before the price plummets;

2. Many crypto capitalists also believe that investing in Memecoin is like gambling. However, this is mostly the case because not enough due diligence is done before trading. According to the survey, 51% of Memecoin investors conducted less than 60 minutes of research before investing. Such high-risk investments require more thorough research, but 55% of investors who conducted little research before investing said that they relied entirely on luck when making financial decisions. This explains why investing in Memecoin feels like casual gambling;

3.69% of investors said they invested in Memecoin for fun;

4. 48% of investors worldwide who buy Memecoin for fun see it as a long-term investment. Therefore, this type of investor spends the most money on these fun tokens. But in general, 79% of investors see Memecoin as a long-term investment due to the potential for long-term gains. These investors acknowledge that the value of the tokens may fluctuate once the hype around the tokens subsides. However, they believe that over time, these assets will gain more stable prices and even have the potential for long-term gains;

5. When Memecoin investors conduct research before purchasing an asset, they focus on: popularity (41%), social media activity (38%), and community activity (24%).

6. When it comes to Memecoin, concerns exist: scams or rugpulls (64%), high volatility and risk (58%), legitimacy (38%)

7. Investors are highly skeptical about the future of Memecoin. As many as 55.13% of investors surveyed are uncertain about the future of these tokens. This uncertainty mainly comes from the following factors:

Meme Coin Investor Profile

The survey shows that only one in five investors worldwide got into cryptocurrencies because of Memecoin. This means that Memecoin is not the only driving force behind the overall adoption of cryptocurrencies; 32% of users have invested in Memecoin for less than a year.

Investment Allocation: Due to the volatility and unpredictable nature of Meme coins, only 8% of investors invest more than 25% of their cryptocurrency portfolio in these coins, indicating a cautious risk appetite and preference for diversification.

Investment research: 51% of investors spend less than 60 minutes researching before investing.

Will Memecoin boom or bust in the future?

The future of Memecoin is unclear, mainly due to their undetermined real-world application scenarios. 32% of investors said that Memecoin could have some real-world use cases, but its impact would be limited. Another 30% of investors believed that Memecoin had no real use cases and would eventually disappear. However, only 28% were critical, believing that Memecoin lacked intrinsic value and was susceptible to market manipulation and scams.

Key drivers for MemeCoin’s growth in 2023: Adoption and application of AI; More practical use cases or real-world applications; Growing popularity among the younger generation; Overall rise in the cryptocurrency market.

People are skeptical about AI-generated Memecoin and its future potential.