Meme coins thrive on speculation and hype,their prices are driven more by sentiment and social media trends than by fundamental value.
I've been reflecting on my approach to meme coins, and it's become clear to me that their hype-driven nature has become my guiding principle. Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.
Well, I don't follow the money because I have no luck with them and if I try to follow the money I guess that it won't even wait for me. So let alone, money should follow me and that's what's happening by just holding BTC. You follow what's the trend and there's a likely that you'll lose hefty of your money. Not all meme coins are pumping and many of them are just in a few days of pump so be careful with it as the hype of it is for real but if you're not good in spotting it, you're likely to lose.