Quote from: gabbie2010 on May 29, 2024, 04:52:00 PM

Quote from: shanhaigamefi on May 29, 2024, 06:28:45 AM

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.

Definitely investing in meme coins is gambling in situation where there are plenty of those coins whose main driving force is hype and nothing else thus it makes it even more difficult to invest in them, infact the numbers of those meme coins on Solana network had increased tremendously, however some investors took there risk and made massive profit in some of the meme coins that trended based on their massive marketing budget, I think the strategy you adopted is one of the factors to consider before investing in meme coins and digging dip in terms of research would also in the long run helps to select viable ones.

No one can ever invest with absolute certainty that he will get profit after investing. There are some coins that require a lot of risk to invest in. I would say that we can find some good altcoins without risk in these coins. In altcoin Investing has risk but if we can get something good by taking risk it is good for us. So I always try to find some good coins and invest.