Post
Topic
Board Altcoin Discussion
Re: Do meme coins have a future?
by
Cling18
on 16/07/2023, 15:24:39 UTC
Meme coin depends on the hype it doesn't have use case and it has a big supply, so i think the future depends on the people that invest on it not on the meme coin it self, most of the meme coin is not so good as investment because in the long run its price drop drastically.  But if you get the timing and invest it during it is hot in the market maybe you will earn on it.
Yes, we have to be smart in taking advantage of conditions, especially for investing in meme coins, it's not a good choice,
do not hold meme coins too long because it is at risk of losing,
the risk is indeed big but as long as we can use it properly then it is not impossible for it to make a profit.

Meme coins rely on the trend and once the lose their spot light they also lose function and trust rate so I don't think it is wise to hold them in the long run. There are a few meme coins who have already lost their value and many investors have failed and lost a lot because of too much trust in it.
Some meme coins are actually profitable but we still have to be careful because they could also turn into bubble in just a single click. If we seek assurance, instead of meme coins, we must choose reliable coins that could remain steadfast in all market condition.