don't believe meme coin in 2022, this is different from last year where the meme coin hype was amazing,
and creating a new project meme coin can pump up to 2x or even 10x, but we are in 2022,
where the bear market will not allow memecoin to fly like a years ago,
you said something right mate.
meme coins will only be able to pump because of the hype last year and all that when doge went up 1000x.
maybe all meme coins want to be like doge coins that can pump up to 1000x and the owner of the meme coin wants to get rich quickly and imitate everything that doge coins have done by diverting fake news tweets from elon etc.
for me, 2022 is no longer the place for meme coins. there are still some decent and better coins to invest our money for long term
The meme coins hype that occurred in 2021 was because Elon Musk was promoting Dogecoin, finally Dogecoin was able to pump very high.
But the rise of Dogecoin did not last long, many investors who bought Dogecoin at the peak price suffered losses, that's because until now Dogecoin
has not recovered. After the Dogecoin hype took place, it was Shiba Inu's turn to suddenly pump in 2021. After the two meme coins were pumped,
finally made a lot of new meme coins appear, which is only used to carry out a pump and dump scheme by its creator. Entering 2022, there will be
a bear market, finally make meme coins fall in price, because many investors are getting smarter in deciding to invest in projects that are proven
to be safe and profitable. So when there is a bear market like now, it is very risky if we invest in meme coins. As you said it is better to invest in
projects that are proven to be good for long term investment, such as Bitcoin and Ethereum. Because in a bear market situation we have to
be wiser in spending money on investment, if we force investment in meme coins, don't be sorry if we will lose money. Moreover investing
in new meme coins should be avoided, because new meme coins are more at risk of being scams.