So, do you think memecoins should be preferred in trading or BTC.
Your thoughts.
Out of curiosity. Why do you even have the thinking of trading memecoin? Could this be because of some influencers trading section posted on social media, which makes a vast profit through memecoin trading? If yes, these are just marketing videos that are just like some YouTuber gambling section marketing video, which makes people believe winning the game is super easy.
If altcoin is considered a highly manipulated market. What would you consider the memecoin market? If you want to trade, go for a crypto that you can hold for the long term if things go south.
Of course, meme coins have great potential for short-term price increases, but the problem is that beginners tend to buy meme coins when they are sold by those who bought them at the very start. So by trading meme coins, you put your deposit at great risk.
Not all meme coins have great potential.
For the record, 95% of all meme coins are purely pump and dump schemes that were mainly created to enrich the project team. Besides, in this modern crypto era, there are a lot of hacking activities done by most meme coin teams, and when I say hack, I am talking about hacks that involve investors trusting a project team with their money while they dump their holdings.
Aside from trading meme coin, putting people's funds at great risk. The way most meme coin team operate their selfish activities is the reason why some new investors still consider crypto a scam scheme.