The surge in meme coins has been wild, right? It's crazy how these coins like Dogecoin, Shiba Inu, and SafeMoon have gained so much attention and popularity. People are jumping on the meme coin bandwagon, hoping to catch the next big wave. But it's also important to be cautious and do your research before investing in these coins. The market can be quite volatile, and meme coins can be particularly risky. What are your thoughts on this whole meme coin frenzy?
I don’t really fancy meme coins a lot because of how volatile they can be in the short possible time they exist in the market. It is true that people become rich overnight through their investments in meme coins but if you miss out on the entry point when it is still at its lowest, you won’t get the chance to benefit from it in the long run again. When investing in meme coin, it is necessary to know your entry point, check how it has performed in the market in the past. You can also tell if it has any more potential to grow again or now. Most of the meme coins you’ve mentioned have already had a full blown bull and may only experience a little even if it will add to this when the bitcoin bull run season approaches.