Post
Topic
Board Altcoin Discussion
Re: A Meme coin investor turned $8,000 Investment into Billion?
by
Mayor of ogba
on 05/08/2024, 17:39:45 UTC
~Snipped

I am curious if $SPIKE has the potential to surpass $PEPE in value. How do some meme coin investors manage to generate significant return?

Where do you guys get your conviction from? It's still too early to say whether or not $SPIKE will surpass PEPE. Also, if I understand you correctly, how did the said individual make billions from their $8K investment in SPIKE when the marketcap is still at $20m? Even the biggest memecoins like WIF, PEPE took a long time to attain the $B marketcap level so it would take a long time for SPIJE to catch up. If it was a cabal oriented token, retail needs time to catch up on the memecoin and it's narrative/culture.

TLDR, still too early to call it.
PEPE is among the top memecoins which has proven it's reputation in the crypto market, other emerging memecoins will likewise proof their reputations before we can categorize them as top memes. SPIKE, has to proof that it has the potentials to be compered with PEPE, it is left for it's developers to be innovative and we will see how far it goes.

As far the story about somebody that invested $8k and made billions in profit, I can not take a story like that seriously since their is no link in the OP to support the claim. It is probably a take to hype the profit potentials of memecoins and nothing more, anybody that does the maths will know that the story doesn't add up, so it's most likely a made up story to entice newbies to gamble all their funds in memecoins.

But eventhough PEPE gather already a good result still you shouldn't not call it as valid thing to look as reputable thing they made. I know lots of people earn from those meme coin but that doesn't mean that they continue to pump up just like what other people expect. Remember that there's no official information of the team created that PEPE COIN so anytime they can pull their rug pull scheme the same on what happen to other meme coin out there.

Although I understand that this meme coin gather already a lot of supporter, but they should take precaution and don't do all in so that they will not experience any huge damage if those what we feared to happen will occurs.
I agree with what you said. Anyone who is investing his money in meme coins should know that his money is at risk and he or she can lose his or her money because meme coins can rug-pull at any given time. Because of the hype surrounding meme coins, people believe they can easily make cool money if they invest in them, but they don't know that they can easily lose money in meme coins because of the price manipulation of meme coins. Only few investors benefit from meme coin investments because they are experienced and know when to pull out their money to avoid unexpected losses.