Shiba Inu is an success story of meme which gained huge worth. People love to invest in coins which has good used case and solid project. But, recent Meme coins have changed the dynamics of investment. Now, the question arises, is it a good strategy to invest in Meme coins?
Straight answer of this question is No. As it is pretty risky to invest in Meme coins, which have no good used case. It may drop any time. Launching on centralized exchange may increase the worth of coin on temporary basis but if the coin doesn't have good use case it will struggle to maintain worth in longer run. As a result you may loose your all investment.
If you are they guy who love to take high risk you may try Meme coins. However, I will not suggest you to invest huge equity on Meme coins. It is better to invest with small amount like $10 to $20, as you will receive huge amount of Meme token with small investment.
You can try you luck. 100X from here will turn your $10 investment to $1,000 and $20 investment to $2,000. On the other hand you have a chance to loose only $10 to $20 if the worth of coins become zero. You can easily afford to loose $10 and $20.
If you are the long time investors, never invest in coins which have no good use case. Always do your own research and select solid project which has good use case. It will help you in longer run. What is your opinion my friends?
If you are the lover of Meme coins. Invest only $10 to $20 in Meme coins. You will recieve huge coins with little equity. Even you can afford to loose $10 to $20. I will opt strong projects instead of meme coins.
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.
Investing in meme coins is somewhat akin to placing a bet , it's a huge gamble. Meme coins often gain attention and generate quick profits during hype cycles.
However, their long-term viability and potential for sustained growth can be questionable. Investing in solid projects, with a strong foundation and clear vision, have a higher chance of providing long-term value and growth potentials.
You are right bro, investing in memecoins is very risky.
You forgot to mention dogecoin here, Yes, it is not good to invest in this pump-and-dump scheme. You need to dig deeper and find some projects will strong backing and team, invest in them.
Memecoin are surely dead coins. It's like putting the person to a ventilator when he is in his last stage of cancer. We all know he can't be saved and only ventilator is giving us the illusion he is alive but half dead already.
I'll definitely do the same thing too. Staying away from meme coins and only investing in solid projects. Meme coins are only good for the short term and that's if you're lucky enough to find a decent one. Risking $10 or $20 for the potential to get $1000 or more is a safe bet.
Absolutely right I also suggest investing only few dollars like $10 to $20,investing a large amount of money into meme coin for holding long term is not a good idea
Meme coin. This is first time hearing it. Well, you have a good point on the investing pattern.
#hive #posh
The way are looking in the past few months, All these coins has given people a lot of profit, what I have to say here is that people must invest in it, it can change their lives.
A lot of times people do not do any research and jump in without thinking much
Hope people do more research.
Though the meme coin pumps can lure anyone