Post
Topic
Board Altcoin Discussion
Re: how do you think meme coinis?
by
Yatsan
on 10/04/2024, 19:07:22 UTC
I often see meme coins on various platforms, do they really have potential? I’m not sure about their advantages, can you guys help me explain them?
Every coin has its potential to be recognized by investors. Meme tokens are just being belittle by most of us because it is often haaving no utility unlike with other coins. However, we saw it a couple of times; meme tokens haaving a massive price increase in a short period of time; imagine being able to ride the tide. Indeed, most of the time, hype and manipulation are the things which causes sudden price increase but that's still an opportunity to earn profit from investing to these coins, no matter how we look at it, that we should take advantage of whenever there is. Just be mindful that sudden price decline could take place and that is for you to watch out if you are aiming to engaage in meme coins. And if you are too worried, then there are other projects as an option. We do have different risk tolerance and appetite in the first place.