Have you heard the statement that all you need is a SOL and a dream?
I used to see many screenshots of memecoin traders turning $200 into $10,000, $20,000, $50,000...
Are traders still manifesting those kinds of profits these days?
Did the era of memecoins end in 2024?
Just curious!
I don’t really know if meme coin era has ended or not, because am not always paying attention to them, I don’t invest in meme coins because the risk are just high, and if you are not lucky, you just going to be losing frequently, and you won’t really be making much money always, so since am not really interested in meme coins, I don’t pay much attention to them.
Most people that are always investing in meme coins are the ones that are looking for quick money, they believe they can easy multiple their money if they invest in meme coins, but most of them don’t even think about the risk involved it, and the ones that know about the risk, they do ignore it. Have seen some investors and traders being recked just because they went into meme coins.
The market is currently down, I won’t say it’s only meme coins that are not performing well right now, I don’t see any coin pumping now, so i will say it’s a general problem, but I don’t think meme coin era is already gone, when the market stabilize, then we are going to start seeing new projects again.