The surge in meme coins has been wild, right? It's crazy how these coins like Dogecoin, Shiba Inu, and SafeMoon have gained so much attention and popularity. People are jumping on the meme coin bandwagon, hoping to catch the next big wave. But it's also important to be cautious and do your research before investing in these coins. The market can be quite volatile, and meme coins can be particularly risky. What are your thoughts on this whole meme coin frenzy?
Meme coins are mostly independent of market and sometimes when btc and other major coins dumping. When market start dumping then big whales convert token to stable coins and then enter in any meme coins which bring any meme coin to the top trending in Dextool and then we see a high pump in meme coin.
Memecoin at the start was just looking scam but now it becomes trend and no one feel fear while adding in big amount. In crypto our main goal is to take profit regardless of which side it's coming so far we doesn't break any rules. I think Memecoins are same like other altcoins but with high volatility. Big risk= Big profit or loss
As we have known already about this concerning memecoins to have high volatility and market risk, if we invest in any, we are likely to loose or gain from it, but if we are not serious in what we are investing on with some of these memes, they can come up with high market demands and sell fast and high to discover that the opposite of same is what has been seen the following day, which is how risky they could go or be.