Post
Topic
Board Altcoin Discussion
Re: Before investing on meme coin or shitcoins consider this.
by
lixer
on 21/06/2023, 14:18:53 UTC
investing in memecoin is a very bad thought considering memecoin is not a good thing to invest in,
there is no technology, no product, and there is no great demand in the future,
so you will be in vain if you think about entering memecoin just following Fomo from people who want to profit themselves.
Well, you are probably right that it is completely useless to invest in a meme coin if you have already missed the train and the market is in FOMO mode already where most investors will only waste their money because the token will most likely plunge after that point, and when you invest in a meme coin, there are very slight chances for it to gain significant growth again in the future because the hype gets over and it is difficult for meme coins to gain hype again unless they are hyped by celebrities or famous people.

So it is better if someone simply invests the money in a project that has some potential for growth at the time of investment so that the money spent isn't wasted and the tokens aren't kept in the wallet for months without gaining any value at all.