Interestingly, Meme coins are becoming more and more popular with significant indicators of the bull market. They're a cool type of cryptocurrency that combines internet memes inspired by popular memes and cultural trends. With the advanced technology like the Solana blockchain, these coins brings people together who are excited about and hold such tokens. While Meme coins are very risky, investors are excited to throw in their funds and if you ask them, they'll tell you that individuals who invest in meme coins before they become popular, it is possible for them to become wealthy or at least earn some money.
I read an analysis of Shiba Inu (SHIB) coin, which was launched in 2020. It was clear that purchasing $11.87 worth of SHIB at that time, an investor could have become a millionaire only one year and three months later because of its significant price increase. I need your opinion here, how fast can one achieve a millionaire status with meme coin? Asking because, after my analysis of the profit ratio of the likes of Shiba Inu, Pepe, Bonk etc, I am also on the look out for good meme coins to try out. The recent one I found and still considering is Dogwifhat WIF recently listed on Bitget, Raydium and other cex probably or what do you all think? Can we truly become Millionaires with meme coins?
Maybe the only thing you will always remember is that, as most people say, the majority of meme coins that come out that are new in the crypto space are really very high-risk. But when you have a good time, the hype and development that a meme does coin is also for sure that you will suddenly become really rich.
But it's rare and not easy to see this potential meme coin like Shib that just started with something not serious but in the end they took it seriously because a lot of people trusted and believed that's why, until now, if you look at the marketcap of SHIB, it's really too big or too high compared to other meme coins now in the market. Good luck with your plans.