Post
Topic
Board Altcoin Discussion
Re: is it still to Invest into meme coins?
by
Mate2237
on 20/05/2024, 19:16:55 UTC
from the last 3 months i have seen 99% meme coins on solana and all of them turned out to be a scam or the best projects have been missed how to check weather a meme coin is a solid or not
Don’t ask us, decide for yourself.

When you find interest in a particular coin, whether that is memecoin or something else, it would be best to check a few things: first obviously the team behind it, the white paper and its socials which includes websites as well.

These are usually the first ones that you check because these are the ones that tell you the most about the project. If red flag arises in one of these parts, then you might consider pausing on that investment.
Exactly personal research is the best to know if the memecoin is legit or not and one of thing you have to know a genuine project to invest in and not to know from the general public is to know the best memecoins is to know the community support of the memecoin, and it popularity. And the kind of wallet the memecoin is using if it has non on it own.

And those memecoins in the Solana network were the ones disturbing the network and yet the developers could not deal with them to remove them instead allowing them to infect the network to make it congested and really I was wondering both Ethereum and Solana were congested at the same period when their populations were not even to the population of bitcoin.

Even at the time when the congestion was very high, many people left them yet it was still remained the same and not only for weeks but months. Investing in memecoins need caution and research so that you won't be scammed and disappointed.