Quote from: trendcoin on March 10, 2023, 11:33:14 PM

I love Dogecoin because it was the first meme coin but I don't invest in any of them because I think they are in a very risky category. In my opinion, Doge coin is not a very valuable coin, but it has filled the gap in this category by itself. Therefore, I do not attach much importance to their successors and consider almost all of them hype. I think investing in higher quality projects always yields better and safer results.

People are investing in alternative "meme" coins because they think they're going to "explode" in price the same way Dogecoin did back in 2021. They've missed the train, and now they're pouring money like crazy in coins like Shiba Inu and Floki Inu with the hopes of becoming rich quick. But that's not the way it works. Those who invest into "meme" coins will end up getting "rekt" in the long run if they don't know what they're doing.

Therefore, it is advised to only invest what you can afford to lose. Instead of choosing "meme" coins, why not choose a serious crypto project like ETH, LTC or BTC instead? Just my opinion