Shitcoins are starting to gain hype so to avoid losing your hard earned money read this.
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I would add to this theme that it's important to always watch where memcoin is listing. If it happens exclusively on pancakeswap, then you should definitely stay away from such a coin, because on this exchange mostly all sorts of scams appear, and such projects don't live long. If memcoin is listed on other exchanges, more famous, then it is not so clear.
Better if I see then on more pronounced exchange than that pancakeswap that have birthed a lot of scam shitty coins in recent time, in fact, that exchange has become a dumping ground for all the shit coins and projects that are just created as hypes and nothing more.
Even as a struggle to believe in the possibility of a truly functional and long-term memecoin with any use case to rely on for long-term goals, I still know there are few of those coins that present something near alternative but can we rely on them for the long term, that remains a question of time.
The pancakeswap exchange has always been the spawn of all scams, because the listing conditions on this exchange are the most suitable for listing such junk coins. According to my observations, memcoin will bring great profits only when it goes beyond decentralized exchanges. Once listed on large centralized exchanges, memcoins always skyrocket in value and provide decent liquidity to profit at current prices. On decentralized exchanges, there is very often a liquidity problem when the price of a token has risen many times over.