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?
MEME coins are risky, but they do yield profits and its pretty cheap so I think its natural that people flock towards it. There are alot of altcoins like this.
Indeed risky, but as long as it could give profit to the investor then it will be fine engaging into such tokens, just be sure to mind the risk given how volatile these memetokens are. Normal DCAs would do and also, profits aren't cheap if you would learn how its market price move. It depends of course on the amount you will invest, but always make sure to know your risk appetite.
That's true op. Memecoin hype wasn't new, it started from shiba when $12 worth shiba turn into million and then dogecoin skyrocket and become in top10 list. After that, memecoin hype was started. But its true that, i experienced too much memecoins were keep launching since 2023 and so is happening in 2024. And you can see, these memecoins marketcaps are also huge.that indicates people are getting more serious and involving more with memecoin then before. But this is just a start cause when bull run will start in altcoin sector, many crazy things are waiting
I do believe that those marketing stunts that have been used through shiba and other meme coins through twitter was successful.
Whoever thought of that and did the execution was a genius and was able to garner a lot of attention from most investors that are wanting to quickly see their money grow. While the majority have already missed it but those that were able to make it, congratulations to most of you.
The fame gathered by those project are been used by certain new meme coins to attract a lot of investors since they want to leave an impression for all user that there's same like situation will happen to their new project that's why to many people got hype for thinking that they could able to earn a lot of money and they don't want to missed those new meme coins launched. This is risky since we know there's a lot of scams that's why we should never over expect on something risky since its hard to find a what they called gem. So much better for investors still taking all the risk to lower down their expectation and if there's a opportunity to sell then maybe they should do it before a dump or a dev will decide to abandon their tokens since for sure they provably lose all their money if that incident already happen.
Heard of projects becoming rugged after a few weeks and I agree that it should be something to watch out for. My advice is to not 'sit' that much on the new ones and to just get an easy 10x as you limit and signal to get out if you will be interested to take the risk. There are also established names in meme coin industry such as DOGE and SHIB to name a few, which could be great options. I'd say, the volatility in meme tokens aren't for everyone qho are just riding the hype.