A lot of people tend to have unrealistic expectations from meme coins, they either don't have any knowledge about the market and know what meme coins are, or they deliberately refuse to see and accept the reality. No one with enough sanity would invest a large amount of money in a meme coin and keep holding it expecting they are going to get rich from this investment, I know some meme coins tend to provide people with huge profits, but that happens once in a blue moon and not every day.
So, such investors need to understand that they are basically wasting their money and their time by buying and holding meme coins, if you buy a meme coin, and get a small amount of profit from it, you should take it and exit the market before it's too late and your tokens start losing value.
So, such investors need to understand that they are basically wasting their money and their time by buying and holding meme coins, if you buy a meme coin, and get a small amount of profit from it, you should take it and exit the market before it's too late and your tokens start losing value.
Exactly. People are only into "meme" coins because of the hype. They will invest in them, even if such coins are not meant to be held for a long time. The economics of "meme" coins alone, tells us they're nothing but "worthless junk". DOGE had its "lucky year" back in 2021 because of Elon Musk. But it's not doing so well lately.
Shiba Inu was created after Dogecoin "pumped" to almost $1. Coins like PEPE, Floki Inu, and BabyShibaInu came afterwards. And lets not forget about the recent ones such as BONK and WIF. Unless the USD (and similar currencies) lose value big time, don't expect Shiba Inu to go to $1 now nor in the future. Lets just buy and "hodl" BTC, and forget about the rest.
