Post
Topic
Board Altcoin Discussion
Re: Have you been profiting from memecoins?
by
albon
on 15/05/2024, 14:57:39 UTC
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.
Finding the correct memecoin to invest in through Coingecko isn't that simple because you might come across a coin with a similar name that's not the original. Notably, listings on Coingecko are free, so any project owner can list his currency by filling out one of the forms containing details of the currency project. Even trending coins on X might be surrounded by numerous impersonation accounts, scams, and malicious smart contracts.

You'll be lucky if you find the official project account on X and Telegram and invest early.  My point is that investing in these useless memecoins relies heavily on luck and requires deep research that takes considerable time and effort. There are no guarantees of making a profit from them or that the memecoins you invest in will reach the ranks of WIF or BONK. Ect. Therefore, don't set your expectations too high or let others mislead you into these highly risky investments.