Post
Topic
Board Altcoin Discussion
Re: Memecoins Making people more profitable than Alts
by
Zaguru12
on 16/03/2024, 23:58:11 UTC
if we are talking about memcoins and other shitcoins on Solana, then it is almost guaranteed - when you buy this dubious coin after seeing a “green rocket”, and then only a quick fall to 0. Altcoins are different in nature, they were created either as digital shares (tokens), or as a means of payment/incentive within the project, or generally represent the native currency of the chain. I would never compare them in any context.

No matter how we try to differentiate it any coin that’s not a bitcoin is an Altcoins so the memecoins also goes into that category of an altcoin. The Memecoins are just pure pump and dump coin and only last longer depending on their hype around the market or how the developers continues to drive it. The memecoins are mostly gotten advantage of by early investors which are mostly insiders or their famers who we know engage daily on them and could have found them worthy. When this coins are known the hype drives them up and as more People jump on it they tend to pump until the hype dies down. This memecoins are personally to me should be treated as a pump and dump coin and never as a long term hold and even if one decides to go in either long or short it should be with a coffee money as they risk is high just as the return.

With the hype currently on Solana, I expects its memes to do well this bull run just like ICO projects did in the 2016/2017 or 2020/2021 bull run