A lot of trending projects on solana backed by gotbit the early investors of fire , beer , water , air and now rich turns their thousands of dollars into millions and I found another project backed by godbit called liquid death a cool can what you guys think about liquid death can it also make good profits for the early investors need suggestion’s from experts because I already lost a lot in these meme coins don’t want to lose more.
Website:
https://liquidcoin.wtf/It is true that early investors in cryptocurrencies project can turn their small investment into a significant sum of dollars. Bitcoin is a good exmample where early investors in 2009 when Bitcoin price was few cents made massive profit by holding it for long term. During the recent times I have seen Solana rising from eight dollars about an year ago, and today its value is above $130 which is a substantial growth in a short period of one year.
Regarding meme coin they might be suitable for short term trading but holding them for long term in the hope of making Million dollar profit seems risky meme coins generally lack real life use case, making them vulnerable to high volatility and uncertainty.