Post
Topic
Board Altcoin Discussion
Re: Have you been profiting from memecoins?
by
Sayeds56
on 14/05/2024, 17:21:26 UTC
So this isn't just a new topic but nowadays I see that on twitter, and discord, people have been profiting from memecoins, especially on solana and some other chains.

BONK, WIF, and MYRO are prime examples of highly traded memecoins that have generated profits for investors. What's interesting is the pattern, when a new memecoin launches or builds hype, it tends to trend across X, telegram and often gets listed on major exchanges.

I recently observed this with the $FUD memecoin on the SUI network. It surged over 70% upon listing on Bitget and MEXC. Their community was actively promoting it, so I took advantage of a dip and bought some $FUD. I don't typically hold memecoins long-term, so I set a price target and monitor its performance.

I think the main game starts once you understand the strategy and plan. If you really want to make some profit with meme coins, find them on Coingecko and research. Now I'm not advising you all to do the same as me but I'm just sharing what I do when investing in meme coins.

Honestly speaking I seldom invest in meme coins except Doge coin that I consider worth accumulating during the significant dips. During the bullish market of 2021 I made reasonable profit when its price surged from less than a cent to more than 60 cents. The reason behind my considering it a "HODL" coin its low transaction fee and its endorsement from many celebrities' including Elon Musk, There is a possibility that he might it as a method of payment for one of his ventures.