Memecoin may look convincing at the moment, but for me it is too risky. After my past experiences I would not put too much trust in memecoin.
I remember when I first learned about Dextools and tried to buy WIF before it was listed on Cex and it was $0.0003. After that I was really surprised by the price increase very quickly and after that I sold everything I had when I felt I had made a profit. But it turns out that after listing on Cex, the price went 5000%+++ higher.
This was the beginning of my downfall because I felt very confident from the new memecoin and tried to buy back the new memecoin on Dextools and to my great surprise it only took me 2 minutes to lose all the value of my assets.
Since then I have always avoided memecoins and prefer altcoins that are in the top 10.
I learnt very early never to buy the tops and never to buy back as long as you’ve taken profits as it always put the trader in losses. This is why most degens end up in loss, the best is buy early and if you couldn’t buy at the early stage never FOMO in. This is why i check the
Onchain section of Bitget always, i’m able to find coins early through it before the price move uptrend.
For instance, $neet and $donkey have done over 10x since they launched few days ago. Also, never invest what you can’t afford to lose is also important. I noticed most traders know this but don’t put it to good use.