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?
People's desire for meme coins is always high. Because an investor can be most profitable by investing in meme coins. However, early investors in these coins only get more profit. Meme Coins may not be profitable for everyone. An investor must be aware that not every meme coin makes people a millionaire, investing in meme coins is risky like gambling. Because few meme coins are pumping and most meme coins are down to zero. Maybe out of 100 meme coins, 3 meme coins are good and 97 meme coins are fake. There is no guarantee that every meme coin will make a person a millionaire, so investing in meme coins and gambling are equally risky. As long as there is hype, the value of this coin will decrease as soon as the hype ends.