I'm already done investing with meme coins. I had 8 and only 1 of them that I made at least x3 profit. The rest are just either at a loss or rug pull. I know that others are happy with the gains of DOGE and SHIBA, but they're not good in the long run as they have no real fundamentals. Look at the latest rug pull of Squid Token. People fell for it because it was inspired from a popular Netflix series without doing their own research. Only luck ones had got out before the unexpected happens.
It is true, and we must know that the profit and risk from meme coin is huge.
I don't know too much about these coin memes but most of them when I look at them are shitcoins and are praised by the KOLs in a very funny way, they can only fool ignorant people. Fomo following the crowd with these is really a huge risk, we here believe in technology and this meme trend is really creating a lot of trash in this space.
Any coins that other than DOGE itself are shitcoins.It did really just turn out on some other coins like SHIB driven with hype and thats why it did really make out some significant rise but im not really still trusting
up these coins but there are people who do love to play with fire and deal with these coins for possible profits.Some are knowledgeable and some are just driven with FOMO which it isnt really that much surprising.
As an investor you should really be keen on dealing off with things specially if there's some hype attached to it.You wouldnt know on when it would crash.