This sub is historically bad with predictions, and especially so when it is about meme coins. According to what is being upvoted here, DOGE has died a million times and *never* would surpass even one cent, while SHIB does not even have a *chance* of entering the top 30. On the other hand, Banano, the one meme coin this sub likes, is hovering around market cap rank 1,000 and doesn’t really want to pick up.
11 days ago, ApeCoin was listed on many major exchanges. And don’t get me wrong, I personally would never buy it – even in the speculative world of crypto, meme coins are a bit too risky for me, and Bored Apes look horrible and I don’t get the appeal. But I still thought it was funny how the hive mind decided right at release that it **hated** the token, that it would fail immediately with 100% certainty, at that every negative thing about it would be upvoted massively, no matter how misleading or plain wrong.
One week ago, there was a [short but very dramatic post]( saying that it went down 20% in a single day – nothing too weird for a new coin – and that this was the last warning before the “real dumping” starts, and that “Everyone knows that project gonna dump hard”. Nobody can predict the market, but a hard dump soon after release was always pretty unrealistic, considering it builds on a pretty well known brand (everyone has heard of those disgusting Apes) and the tokens the founders and BAYC holders received are locked for a pretty long time. But, r/cc being r/cc, of course it received 3.8k upvotes because “APE bad”.
Since then, ApeCoin has gone up more than 50%. And sure, it’s generally a green week, but currently it is ranked 3rd of the top 100 coins, so it grew much more than most others.
**I have no idea how ApeCoin will do in the future. It might become as big as SHIB or even Doge, or it might slowly lose value over time and leave the top 100 at some point. I know I won’t buy any. But this is a good reminder that this sub, on average, is terrible at predicting the market, especially when it comes to meme coins. Once this sub decides to hate a coin, it will ALWAYS be convinced its end is near. I don’t have any advice for you, except: don’t take positive posts about this sub’s favorite coins or negative posts regarding its least favorite coins too seriously.**
36 thoughts on “7 days ago, ApeCoin went down 20% in a single day and someone posted this was the “last warning before the real dumping starts” and was met with a lot of agreement. Since then it’s up 55% and performed better than almost all other top 100 coins”
Ape is like 2 weeks old. People these days
The people who post on this sub are the real meme coins.
This post just filled my bingo card.
You absolutely cannot take advice from this sub when it comes to meme coins. It’s filled with pretentious people that continuously think use cases matter more than moon quests. I made the mistake of listening to this sub with shib and doge and missed out on prices that will never be seen again. Best to ignore anyone here when it comes to meme coins and just do whatever you’re comfortable with risk wise.
TLDR : don’t take investment advice from this sub.
Hot new altcoins typically perform better in a bull run than other coins. I’m neither bullish or bearish on APE but I do know is that if this is a bull trap and we go back into a bear market that APE has the potential to drop more than others
Anyone who has been in Crypto since at least 2017/2018 knows that the best gains are made from trading against this sub.
You can’t predict and no one can predict the market
The reason you run a risk with memecoins is because the people that buy in are the people who are looking for the next meme coin. So unless your memecoin really captures an audience, your dogecoiners will turncoat into shiba inus if they smell the tide changing.
Better yet, take the OPPOSITE advice from this sub. Shilling a coin? No thank you sir i wont be buying it.
Talking bad about a coin? Lets go!
Still is a shit coin
It really doesn’t matter what the day over day price action is on this coin. Apeoin is a study in institutional structures using retail money to fund their marketing. There is zero economics under pending this particular token. All you have to do is look at the distribution to know that this is another meme coin.
Sure sure I agree with not taking investment advice from this sub, but is 7 days really long enough to call it a turn around?
Whatever this sub says… do the opposite.
TLDR; do the opposite of what this group says.
When i saw that post about APEcoin going to shit, I put money in it and now I’m up biggly.
Why are you people getting triggered by others’ opinions?
If you believe/expect something, show your portfolio. It speaks louder than words.
Personally i think the Ape coin will be a sort of replacement for Shiba Inu in 2022, as an distraction from the legit projects. Shiba Inu did thet job for 2021. Expect an Ape coin army that will shill spam in this sub.
I bought some Ape coins in the hype days and i´ll see what it brings for me. Haters gonna hate but luckyli they block their own ´ wisdom´.
Btw there is no ´ this sub´ , we´re all on our own here surrounded by shillers spammers and trolls, for me they don´t count as ´ this sub´ since its just manipulation and an illusion.
Over the years this sub sentiment has a poor correlation with the success of a coin and as such I don’t really consider Reddit a source of investment advice haha!
Somebody out of 4.6M members made an incorrect prediction post… pinch me.
You absolutely have an idea how it will do in the future. Just not in the short – medium term.
Lol I remember that post, and checked ApeCoin the other day to see that it did, in fact, pump.
I know literally nothing about the coin, but doomsaying and grandstanding are not out of the norm here.
You can make money on scamcoins just like you can get rich playing blackjack. For me it’s not worth the risk.
Dude this sub literally thinks being deep into crypto means buying 2 coins on coinbase and staking.
Half this sub has probably never even used a dex.
Let alone do they know the slightest thing about new coins, NFTs and especially not the intersection between those things.. let alone basically anything to do with crypto that isn’t a superficial level.
This sub is a bunch of people arguing about what chain is best while their ethereum is literally trapped in a relay chain waiting for eth 2
This is the foggiest place to find valuable information
Basically do the opposite of what this sub says. Crypto is so unpredictable it usually does the opposite of what you expect
Wow, so it must be a good coin now right?? /s
Just goes to show no one knows shit about shit…
I guess inversing this sub is an easy way of making money lol
Ape is fucking sick. Its bayc’s native token and a top 40 coin. Literally ive seen people agree more on absolute garbage moonshots
Easy, the majority is usually wrong
It’s best to make your own decision and have your own strategy
This subs narrative doesn’t make you profit.
Have you ever considered that this subreddit doesn’t know what the hell it’s talking about 99% of the time?
Nobody knows shit about fuck.
The risk involved to ape meme shit is way too high compared to sound projects that will definitely and gradually grow. Meme coins are a bet, more like a casino. not an investment
I cannot wait for the next shticoin – it will probably be like – PresidentZelenskyCoin ($PZC) – shit that’s actually not a half bad idea…..
That post didn’t make any sense at all, these guys are basically millionairs and diamond hands. Why would they dump a few tokens so early…