Quote from: albon on December 31, 2024, 08:29:19 PM

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There are many coins under $1, but they don't have a solid project or use cases, especially for meme coins that some invest in, hoping to reach $1. However, reachiing that price depends on many factors, such as market cap, total supply, demand, coin price, burning, etc. It also acts like gambling and carries a massive risk—there's a 99% chance the coin could turn into a scam. So expectations should not be raised high in these meme coins, and they should be invested with complete caution because even with sufficient research, the future of these coins is unclear and we do not know whether their team will abandon them or strive for their success.

It is too ambitious if a memecoin whose price is even 0.000001 wants to reach the price of $1, this will only be a wasted goal when the memecoin is not well-developed and developers do not care about the community. It is not impossible because crypto can change very drastically overnight.

I still hold some memecoins that I believe in even I know his Dev and he does Doxxed to make his community believe and is always present for his community to push the supported memecoin project to get more attention from investors and become a memecoin with utility that has benefits for the long term.

99% of memecoins will indeed turn out to be scams, but it remains to be seen how the memecoin is built and who built it.
Seeing some very successful memecoins like $PEPE led to many other memecoins appearing.