Post
Topic
Board Altcoin Discussion
Re: A meme coin called baby doge worth this risk?
by
serjent05
on 23/09/2022, 20:31:35 UTC
Not a believer of meme coin here but if you think that it is worth mining baby doge then go for it.  As far as I know, this meme coin is over a year old and had its ATH way back in January of 2022, and now is just around 10x of its original price.  Considering that it is a bear market, I can see potential growth when the bull market comes.

I can't mine ETH or any other coins right now but I do find a way that might look good but bad to many, I can mine a meme coin called Baby Doge, I can get 609,000,000 of this token per day

At the current price, your daily income is $0.71, but I do not know what mining costs you incur at the same time. But anyway, this is a very small income, and if it is not critical for you, you need to hold the coins until the next pump, at which you need to sell them. And then switch your equipment to mining another coin.

It is indeed too minimal but I think OP is thinking of possible hype in the future.  I a shitcoin world, anything can be multiples 100x to 1000x when a certain whale group decided to choose that shitcoin to pump.  A token in $0.000000001124 price can easily kill several zeros when a hype come by.  I don't like meme coins but that is how the meme market behavior I observed in years of watching the altcoin market.