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?
I am not a fan of memecoins,so no matter how hyped memecoins are in the cryptocurrency industry, I don't think that will make me invest in memecoins because memecoins are just fully based on luck, so I see it as a full gamble. The reason is that every year there are always thousands of memecoin projects they launch in the crypto industry, but only a very few have always survived and made some people millionaires, so other memecoin projects will become scams.
And the truth is that it is very hard to deal with new memecions projects. They always look promising at the beginning when they are about to launch them, but after launch, many are scammed. So if you are the type that deals with Memecoins, I will just advise you to invest a small amount of money so that it will not disturb you when you lose it. Many people are not looking at the other side of how memes are destroying people's lives by ending up being scams. Despite doing your own good research on memecions, you can still be a loser in the crypto industry.