Quote from: radjie on Today at 10:31:31 AM

Quote from: jrrsparkles on December 14, 2023, 07:41:33 PM

Someone made 100x returns with a coin called Dogwifhat (WIF) and he bought it just because the logo was cute but in a month the investment turned into 100K due to the Solona DeFi market.

This isn't the first time it has happened with random meme coin but a lot of coins that achieved huge returns went to the grave in no time as well so invest in the right coins if you are looking for long-term investment or just take a gamble and it may pays you off once in a while.

To read about 1000 to 100K journey: Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat

The risk is too big to try your luck buying Meme coins for trade, especially if you spend quite a lot of money. However, luck can come to anyone, by chance it could be that people who buy Meme coins can get multiple profits, but this opportunity cannot come a second time because the increase that occurs in Memecoin will not last long like other types of Altcoin

Indeed, meme can mulitply your investment up to that unexpected benefits, but timing is important but once the market already
fading expect that you won't be able to make that expected profits.
More on the chance that you will lose your money as the market will start to dump down and support will no longer show up unless
whales will continue to play that pump and dump market sways.
Be very careful riding with meme, use spare money, amount that you are willing to let go, it's similar to gambling, when luck
is not around you will lose your money.