Quote from: AnonBitCoiner on June 10, 2024, 05:54:29 PM

Quote from: hamba laeh on June 09, 2024, 05:34:34 PM

All coins have their own risks. But why do many people like coins because they only need a small capital so they take a small risk too. and high profits which have made many people like it. for example, like dogecoin, there was so much excitement at that time when people held dogecoin. and by 2024 many people hope that some of the memecoins can follow in the footsteps of dogecoin.

People desire to have more money through little investment and meme coins are the only coins which are lower in price and when they increase in price then they provide good profit therefore people don't hesitate to take risks with such a little sum of money.

Previously just dogecoin and Shiba inu were considered as better meme coins but these days every other meme coins are assuming to be a better coin which will perform better during bull season and yes it's true because you will have experienced that Pepe coins is going as a more profitable meme coins so it become a cause of increasing trust of the investors towards meme coins.

If there is hype then that's where people will invest with. Newbie traders nowadays are just depend on what's trending, if they see the chart of a memecoins going up and a lot of volumes then they will surely buy on it. We cannot blame them if they get lose if the value gets dumped but they surely want easy money. But I think that memecoins are really good to invest with if they are still people who are investing with.