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Quote from: Justin999 on March 14, 2024, 10:33:14 AM

There are many memecoins what already exist in crypto market and new memecoins are keep launching in the market. Most of these are scam, yesterday i saw a coin that pumped 32000% and today it dumped from pick and lost 99% value. but some memecoins made people millionaires and Still available in market. I heard About Dogwifhat (WIF) what makes people millionaire who invested some dollars with it and available on binance. What do you think about rest of memecoin? Which one has possibility to perform best in 2024.
Doge, Shiba Inu, Pepe, Meme, Bonk, Floki, WIF, Grok, or any other name

Memecoins have a low chance of going up so it's hard to trust them. But among the coins you mentioned, Doge, Shiba Inu seems a bit better to me. The price of these coins has increased a little, so no one knows the exact news of how much it will go up, so it is thought to do market research.

But current market scenario says they are the one outperforming the rest of the industry. Meme coins have become speculative asset that attract not only small investors but also large ones who take risk to make a fortune. That is the reason we saw some people don't hesitate to invest millions of dollars in meme coin. Why are they risking their money when they have a low chance of going up? Meme projects are evolving, and i saw some of the meme projects using gamefi methods to engage with their community.

I don't agree with you that people just invest millions of dollars in meme coins and they don't care about their investments. These type of investments are only possible either with the collaboration with the project owners or the big investors themselves collaborate to invest in a project to increase its value.

This strategy attracts many newbies and they invest into the project.The hype created by this strategy allows investors to take the profits out and in this way they make good and healthy profits.