Memecoins can make you millions of dollars in just a glimpse but the difficult part here is, where? How and when should I invest and not get my investment pulled?.
It is difficult to analyze which memecoins will generate tens to hundreds of times the increase, most of us know it when the token has already risen. Info is the most important thing, so relationships are needed here. Because the earlier we know about it, the greater the potential profit that will be obtained and the less risk accepted.
This has been the question for ages now. Personally I don’t like trading memecoins because of its volatility in nature and for my peace of mind.
But, just recently I’ve been seeing traders trading DEX tokens while still on CEX and I was confused—and it seems that it’s pretty much better with the new on-chain CEX products.
A trader talked about buying $GORK just 12hrs after pair was created and now he’s up to 70k% including other tokens discovered by the fact that the CEX already provides a detailed analysis by scoring tokens like $HORN and $SHORTCOIN.
As far as i know and based on personal experience, memecoins that can generate this much profit with a significant increase in a relatively short time, there are only 1:100, not even rarely 1:1000 of visible memecoins and it is certain that there are famous people who make the token increase, maybe from his tweets about the token, tweets buying the token or others. In the end, as we know, memecoins have a high risk, can generate large profits in a short time but can also provide large losses in a short time.