Quote from: pawanjain on Today at 08:38:43 AM

Quote from: MainIbem on August 12, 2024, 05:55:43 PM

Quote from: pawanjain on August 12, 2024, 05:34:01 PM

I believe, with memecoins it's more of a gamble than an investment. We just put your money into the memecoins and expect it to grow over time.
This is why in this case we cannot really say if the said memecoin will really explode or not.
Any memecoin can explode, provided it has received enough attention from the community.
Just stay active in the memecoin community and you will be able to figure out whether SPIKE will be able to make it to the top or not.

Sure, you're not wrong to say that, someone can be lucky to invest on a new project when the price is about to sky rocket and make good gains, and same coins that gave such person huge profits can still make them lose almost everything they profited, what I'm trying to say is that most of meme coins are pump and dumps and most times it takes luck to benefit from them unlike Bitcoin where an investor is sure of making gains even after a dip, so far they're investment plan is for long-term moreover I won't advise anyone to consider long-term when investing on meme coins, you could invest heavily during the early stages of the project wait for a pump and take profits before it starts dumping, just like when PEPE launch it's price saw a massive growth and gradually began to dip in a short period after it's upsurge and those who invested in it during the upsurge made a lot of profits from it, likewise DOGE.those two coins I've just mentioned are the top memecoins when it comes to market cap, and the market cap of SPIKE is not close to theirs, it might have a potential of giving investors profits but I doubt if it would surpase PEPE well let's watch and see.

Many memecoins are just a rug pull and are created to pump and dump on the investors.
That's the reason why I mentioned that we need to be active in the memecoin community to stay up to date with the trends.
We all know how quick can memecoins dump and only by monitoring such coins actively we can exit at the right time.

What you said is true; the majority of meme coins often end up in rugpull. Then you are also right if you aspire to make a lot of money in meme coins. You should really be active in the meme coins that are coming, and you should also know how to analyze meme coin potential.

Now, those who made billions in meme coins, I can believe if they are like Elon Musk, Vitalik, Buterin, and JP Morgan, but those like us or middle-class people, I don't think I have heard anything like that.