Quote from: Alone055 on November 24, 2024, 08:56:47 PM

May I know why you are interested in investing in meme coins for the long term? I ask this because meme coins are only good for short-term speculative trading because they tend to be highly volatile, and on top of that, they don't always have a very long life expectancy, which means that a meme coin might die off tomorrow because most of them don't even reveal their actual owners and use some pretextual name and profile to fool their investors.

If you are looking at the long-term picture, I would suggest that you do some research and go for cryptocurrencies that have been around for years and have never deceived their investors. They should have a team, and the project should at least be worth investing in. It should have some literal utility that would make the project stand out among the crowd because we know how saturated this space has become these days.

If you take the time to learn about Floki and what they have achieved and what they are planning next, you will see that they are more than just a meme. If you believe in other altcoins that can be held long term then I think floki can also be added to that list. What Floki is building is much bigger and better than what you know, trust me.

To me, except for bitcoin the rest of the market is the same, there is not much difference whether you hold meme coin or utility coin. Because there is also no guarantee that the altcoins you call projects with applications and use cases will survive. Luna, Terra or EOS...are all forgettable failures while Doge was once considered a useless meme but look at what it has achieved.

https://docs.floki.com/floki-whitepaper?_TRACK_VIEW_ID_=763f301c-3d6a-436f-a477-73b596b2ff71&_TRACK_VIEW_INDEX_=1