Quote from: strunberg on Today at 06:24:45 AM

Quote from: Tahid12 on March 18, 2024, 07:47:04 PM

It's true that people always have interested in memecoin. I heard many strange memecoin names. i avoided those and was launching at corner. But it seems revolution happened in memeocin industry in the start of 2023. In that yeat, a lots of memecoin had come in crypto market and made people millionaire. Pepe, Bonk, Meme and so on. and in 2024 WIF and BOME again have created hype and made people millionaire again. Now memecoins are in demand due to the possibility of higher returns. And it makes people crazy. What's your opinion about this?

I think meme coins only make early investors millionaires and are not for everyone. Meme coins have no fundamentals and are only used for fun. I'm honestly surprised by people who believe in meme coins. If I try to invest in meme coins then I will try to be an early stage investor, and will immediately sell them when they are listed on a large exchange. Of course some people can still be successful from meme coins but I think meme coins will only be a seasonal trend and will not fit into the narrative that will boom this year.

You are correct that if you are an early investor you can become a crypto millionaire. This time the situation changed with meme coins as they pumped like crazy with returns in double figures. The problem is that if you keep holding the coins then after a big price push there is a big dump.

Narrative have shifted from 2021 bull run. Investors are not going after utility based crypto but after meme coins. As these coins give return to investment faster that the other.