I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?
I missed buying $Bonk when it was newly launched as I was thinking it won't become popular but it's now listed on Binance and other top exchanges. If I bought just $500 worth when it was launched, I would had being a millionaire by now so it's very easy to become a millionaire in memecoins but how to know which memecoins will become the next hyped memecoins that's where there's challenges. Investing in memecoins and winning is as investing in altcoins and winning but memecoins have more risk.
You can achieve the crypto millionaire status from investing in memecoins in weeks or months if the memecoin that you invested in wasn't popular but it later becomes popular and listed on top exchanges, some individuals have done it but they were very lucky. Many individuals have lost chasing after the next memecoins as we have many scammers launching new meme projects as they know alot of investors are interested.
$BONK is another good story of a successful meme coin. I actually followed it but forgot to buy only to recall when it was already trending. Infact I love to bag any meme coin of my Interest on Exchanges like Bitget or Jupitar as they list some of them earlier before it skyrockets into Binance. If you're waiting to buy on Binance, I feel it's already late.