Post
Topic
Board Altcoin Discussion
Re: what is your opinion on shikoku inu?
by
Yatsan
on 12/06/2023, 15:19:56 UTC
Why you can say like that? Promising? Can you explain me why you think meme coin like shikoku inu is promising. Who team behind the project ? What kind of product/service they sell to investor? I can't see anything about this meme instead of Hype.
Assumptions might probably because of its price action when the token was released in tbe market, as well as with what happened with $PEPE. Memetokens are a bit of a hot topic recently but in reality these kind of tokens are simply dependent with demand and not with its utility; in which we can say that its market value won't be sustainable in a long run, unless hype would be created among investors in this industry.
Does anyone know the token, it looks promising

meme coin? there is no promising meme coin, so my advice is never invest in meme coin, because when the meme coin that you invest is not hype anymore, then of course it will be a shitcoin (has no price), so you will lose your money, therefore than you invest in meme coin, then it's better for you to invest in altcoin that do have useful projects, so you will get profit in the future and the risk is smaller than you invest in meme coin.
If it is potential, indeed memecoins has low tendency of having higher market value in the future. There'd be spikes on the market price but won't last for a period. These tokens are ones which ride the 'wave' but are not creating such thing. You can make profit out of it thru swing trades but I highly doubt with long term holding.