Quote from: Yaunfitda on Today at 08:36:34 AM

Quote from: VicManton on July 22, 2024, 04:30:30 PM

I think grouping tokens based on the niche they belong can answer the question "what coin should I trade at the particular moment in time" as it helps to filter the noise and know where the entire market is focusing on. How do you do yours?

Source; https://www.google.com/amp/s/tokeninsight.com/en/research/reports/crypto-exchange-report-q2-2024%3foutputType=amp

I'm not sure if we will have to go to this process of grouping tokens. For me, meme coins is all the same, you can trade this and take token, but at the end of the day, it's just for pure pump and dump in my opinion. It's the question on how anyone can tolerate that big risk? And it's really like you are gambling here in choosing which meme coins you are going to invest today and then after, the next day it will be very another set. I'm not in the meme coin investment though, so this is just my opinion. I do agree that bigger risk, bigger reward. However, it might be good though to invest on solid coins, at least you can sleep well at night knowing that your money is not going to zero.

One of the main concern when dealing up with meme coins is on the time that you would be dealing up with it is that you should be wary about those pump and dump or simply with tons of rug projects.
It would really be that important that you should really know on what you are dealing with and you should really be that wary about on the potential risks that it do give out.
Although there will really be those people who do loves on dealing with memes considering on the potential profit that it could give out specially if its been that hyped out.

Choosing in between good utility coins or to those who are being hyped up just like meme coins then it would really be that entirely depends on you because
each trader or investor will really be having that different choice according into their preference because there are ones who do love fast pace profits and
there are ones who would really be liking on holding those good coins for long term.