Craze for Meme coins never ends?

[Samlucky O]

Someone made 100x returns with a coin called Dogwifhat (WIF) and he bought it just because the logo was cute but in a month the investment turned into 100K due to the Solona DeFi market.

This isn't the first time it has happened with random meme coin but a lot of coins that achieved huge returns went to the grave in no time as well so invest in the right coins if you are looking for long-term investment or just take a gamble and it may pays you off once in a while.

To read about 1000 to 100K journey: Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat

He is pretty lucky to have turn $1k to $100k. I guest he never knew it will be that massive. But not all altcoins can give you that. If I where to be him, I would use the $100k and invest in bitcoin.

[X-ray]

He was a really lucky guy. He bought it without knew that if there will be a pump to come soon. That's pure gambling but his willingnes to risk his money was really paying him off. I have only made several hundreds percents and it was big enough.

That's crazy to see that if we went to the crazy shit coin pump and dump again. I can't even believe it is happening right now. There are so many meme coins in solana were getting hyped

Bonk is dumping again right now and i guess there are many people who bought at the top price or new ATH of bonk. It seems like that the declina has been coming and it will continue till there will be another FOMO to come soon.

Bonk is outperforming so many good coins in the market. It's really worthy to try that.

[hyudien]

Someone made 100x returns with a coin called Dogwifhat (WIF) and he bought it just because the logo was cute but in a month the investment turned into 100K due to the Solona DeFi market.

This isn't the first time it has happened with random meme coin but a lot of coins that achieved huge returns went to the grave in no time as well so invest in the right coins if you are looking for long-term investment or just take a gamble and it may pays you off once in a while.

To read about 1000 to 100K journey: Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat

The altseason phase seems to have begun and don't be surprised why there are so many people who are now making profits from just buying memecoins for fun. Especially on the Solana network where the trend is increasing. This could be an opportunity or a trap. Because we are faced with a gambling version of investment. Not only on the Solana network, there are several surprising events such as airdrop claims which are currently popular on the Cosmo network, especially for Keplr wallet users, Atom stakers, Add Liquid, etc. However, there is no harm in joining in the excitement to make a profit with money you are ready to lose. I am not denying this altseason and it has been proven that there is always a certain phase in the crypto market.

[Makus]

Yeah meme coins are very good in making such profits since they are very volatile, but as this same time they can also make all your investment fall to the ground. Meme coins seem to be the current trend but to me, its just another trending scam in the crypto space. Lots of friends have made some profit that are very attractive and can be a bit persuasive from memecoin but I don't give a fuck, even if they make a $1million profit of a $10000 investment, I still am contented with the bitcoin I hold, my advise to other who hold meme coin, please be careful, the issue of scammers into the crypto world is becoming too much, and meme coins might be their next target.

[mich]

Well yes this is how I feel about it. There is always going to be a interest in the meme coins after there was alot of people who made big profits from Doge, Pepe, and Shiba Inu.
And now I did hear about a new one called Bonk. It is up 60% in just the last 7 days. And now another meme coins project called 'Rebel Satoshi' that did get my interest.
https://www.rebelsatoshi.com/

[Oasisman]

Well yes this is how I feel about it. There is always going to be a interest in the meme coins after there was alot of people who made big profits from Doge, Pepe, and Shiba Inu.
And now I did hear about a new one called Bonk. It is up 60% in just the last 7 days. And now another meme coins project called 'Rebel Satoshi' that did get my interest.
https://www.rebelsatoshi.com/

There's nothing really special about memecoin, they are still the same shitcoin with no real use case. The only reason why a handful of them were pumping is because people are putting too much hype about it, plus these old memecoin surprisingly survived for quite some time already.
Doge have established their trust with investors already, but it's gonna be a lot more different with the new memecoins and upcoming memecoins in the market, so you all should be cautious with it.

[radjie]

Someone made 100x returns with a coin called Dogwifhat (WIF) and he bought it just because the logo was cute but in a month the investment turned into 100K due to the Solona DeFi market.

This isn't the first time it has happened with random meme coin but a lot of coins that achieved huge returns went to the grave in no time as well so invest in the right coins if you are looking for long-term investment or just take a gamble and it may pays you off once in a while.

To read about 1000 to 100K journey: Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat

The risk is too big to try your luck buying Meme coins for trade, especially if you spend quite a lot of money.  However, luck can come to anyone, by chance it could be that people who buy Meme coins can get multiple profits, but this opportunity cannot come a second time because the increase that occurs in Memecoin will not last long like other types of Altcoin

[Sophokles]

Someone made 100x returns with a coin called Dogwifhat (WIF) and he bought it just because the logo was cute but in a month the investment turned into 100K due to the Solona DeFi market.

This isn't the first time it has happened with random meme coin but a lot of coins that achieved huge returns went to the grave in no time as well so invest in the right coins if you are looking for long-term investment or just take a gamble and it may pays you off once in a while.

To read about 1000 to 100K journey: Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat

How do you find the right coin to invest in? Meme coins are one way to wash up illegal money. Sometimes whales use these unknown project to launder their black money and any money that is related to any exploit or hack to cover their footprint. First they create a memecoin with a funny name and then distribute the supply to different wallets to show this project has real investors. Then pump the price with all of those illegal funds and then dump again from those dummy accounts. In this process few dude got lucky and purchases the token and the story amaze us.

[yazher]

This is just how lucky they are because some other people actually hit the jackpot when it comes to their investment in altcoins especially meme coins because they just simply took the risk and wanted to trust their instinct when it comes to their investment in those new meme coins. therefore, if you know how to manage yourself in your investment and you know which meme coins have the highest chance to have that successful story as well, you should not hesitate to invest with how much capital you have and leave it until it multiplies its price like that one.

[Kelvinid]

Yeah meme coins are very good in making such profits since they are very volatile, but as this same time they can also make all your investment fall to the ground. Meme coins seem to be the current trend but to me, its just another trending scam in the crypto space. Lots of friends have made some profit that are very attractive and can be a bit persuasive from memecoin but I don't give a fuck, even if they make a $1million profit of a $10000 investment, I still am contented with the bitcoin I hold, my advise to other who hold meme coin, please be careful, the issue of scammers into the crypto world is becoming too much, and meme coins might be their next target.

Meme coins are not highly volatile but it was a manipulated price made by whales or even the developer of the said project. Buying them is not a wise choice especially if we are planning to hold long-term because they all turn to dump and have less chance of rising back. It was pretty attractive because of the hype, of course, can't imagine someone making a profit 1000x after a few days but guess what, this will become a nightmare for late investors as they have lost their money.

Well, can't deny that many earn a lot from them but countless individuals also suffer losses because after buying the price falls instantly, and have no chance of selling because nobody is buying anymore. 

[ice18]

Someone made 100x returns with a coin called Dogwifhat (WIF) and he bought it just because the logo was cute but in a month the investment turned into 100K due to the Solona DeFi market.

This isn't the first time it has happened with random meme coin but a lot of coins that achieved huge returns went to the grave in no time as well so invest in the right coins if you are looking for long-term investment or just take a gamble and it may pays you off once in a while.

To read about 1000 to 100K journey: Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat

How do you find the right coin to invest in? Meme coins are one way to wash up illegal money. Sometimes whales use these unknown project to launder their black money and any money that is related to any exploit or hack to cover their footprint. First they create a memecoin with a funny name and then distribute the supply to different wallets to show this project has real investors. Then pump the price with all of those illegal funds and then dump again from those dummy accounts. In this process few dude got lucky and purchases the token and the story amaze us.

Looks like they are group of influencers on twitter promoting this memes on Solana network and new investors who got FOMO always trap in the top without any profit, only devs and this promoters are making money on this scheme so beware joining newly created memes it can dump really fast and lose all your money. 

[Pamadar]

Someone made 100x returns with a coin called Dogwifhat (WIF) and he bought it just because the logo was cute but in a month the investment turned into 100K due to the Solona DeFi market.

This isn't the first time it has happened with random meme coin but a lot of coins that achieved huge returns went to the grave in no time as well so invest in the right coins if you are looking for long-term investment or just take a gamble and it may pays you off once in a while.

To read about 1000 to 100K journey: Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat

The risk is too big to try your luck buying Meme coins for trade, especially if you spend quite a lot of money.  However, luck can come to anyone, by chance it could be that people who buy Meme coins can get multiple profits, but this opportunity cannot come a second time because the increase that occurs in Memecoin will not last long like other types of Altcoin

Indeed, meme can mulitply your investment up to that unexpected benefits, but timing is important but once the market already
fading expect that you won't be able to make that expected profits.
More on the chance that you will lose your money as the market will start to dump down and support will no longer show up unless
whales will continue to play that pump and dump market sways.
Be very careful riding with meme, use spare money, amount that you are willing to let go, it's similar to gambling, when luck
is not around you will lose your money.

[Mate2237]

Someone made 100x returns with a coin called Dogwifhat (WIF) and he bought it just because the logo was cute but in a month the investment turned into 100K due to the Solona DeFi market.

This isn't the first time it has happened with random meme coin but a lot of coins that achieved huge returns went to the grave in no time as well so invest in the right coins if you are looking for long-term investment or just take a gamble and it may pays you off once in a while.

To read about 1000 to 100K journey: Crypto Trader Turns $1K Into $100K on Solana’s Newest Memecoin, Dogwifhat

Well that is nice trade and the present market cap of the coin is $0.1836 which is a good growing coin in the cryptocurrency ecosystem space. And another thing is for it not to come down again and. Instead growing up because most of the coin would give hope to people at the initial time and later will run down to a very low price. But op I have not really gotten your figures very well. You said, a guy made a purchase of 100x and and base on the DeFi market he made a profit of 100k. How? Because the even the price of the coin is not yet $1.

[Mpamaegbu]

I've seen quite a few of these meme stuff recently with once established projects trying to use them to revive their native tokens. Solana is leading that pack. As long as penny and little-to-nothing-price-worth projects continue to come to the market, there will be people who will find them appealing. This set of investors are likely to see these cheap tokens as alternatives to those they perceive as already high in price. Some are going to invest ignorantly while some will do it knowingly with the aim of getting out before a dump. Whoever that gets caught up in memetoken investment shouldn't blame anyone if it goes sour.

[danherbias07]

We ain't sure if that is real. Do remember, some projects would do this to gain fame, and next to that is buyers trying to buy their coins to increase the demand. I have bought some memecoins and like you said they are now buried in the cryptocurrency market and I don't think I will be able to recover that. Luckily, I didn't go beyond the point where I will regret it. I just tried some of them, played with trading, and then increased the amount. Now, I am not purchasing anymore because of the truth that most meme coins will not give the kind of returns as your example. If someone finds a gem, it will be like a needle in a haystack and that's near impossible.
Still, I won't just believe this kind of story and go running to buy meme coins. It's still better to just buy coins with real projects that can back them up, although the returns and profits are long-term, the important part is our money is secured and it won't be dumped like how they do with meme coins.

[Nrcewker]

Investing in a meme coin comes with high risk to be honest. 95% of the time, these meme coins have crashed and the investors have suffered huge losses. But on the other hand, if we talk about the rest 5% time, then traders have made huge scale profit. As the name suggests, it’s very high risky trades to buy these coins. If you are willing to take high risks, then definitely you will get high rewards in return. The craze to invest in memecoins will always be around the traders.

[Miles2006]

Meme coin stories like this is like the lottery.  You will hear about these often but what you don't hear about is the loses.  Mlre often than not people lose money in these things.  Meme coins were a trend in 2020/21, you can bet it will fade at some point.  There is no purpose for these projects or tokens so it's all empty air driven by greed.  Be weary

Exactly, stories like this mostly common in the gambling section, sometimes people who share stories like this are part of the community let's just accept the fact that anything that looks risky we will never hear about the bad but rather the testimonies and praises to lure newly investors who doesn't know their left from right, I don't know if the story is legit but anything that concerns social media and the public especially when it comes to good news people will definitely follow the hype, I don't think the investor will choose long term investment cause when dealing with new tokens don't just follow the hype rather be a wise investor and sell even if it's a short term investment just follow the market.

[wheelz1200]

It will soon end just like any other fad.  These coins and tokens provide no purpose other than to enrich its creators and their very small inner circle.  Most times people buy in and just become exit liquidity for "the team".  Ask yourself this before you buy in, are they solving a problem where this is needed.  If not than you can almost guarantee at some point it will become worthless.  That timeline is the million dollar question.

[JeffBrad12]

It will soon end just like any other fad.  These coins and tokens provide no purpose other than to enrich its creators and their very small inner circle.  Most times people buy in and just become exit liquidity for "the team".  Ask yourself this before you buy in, are they solving a problem where this is needed.  If not than you can almost guarantee at some point it will become worthless.  That timeline is the million dollar question.

meme coin honestly i think doesn't need to solve a problem, it just need to exist for people to manipulate and speculate using the coin and thats it, unfortunately such trend are gonna be long lasting, so many people are inspired being rich from just investing a dime, but we all know that those that get rich from investing a dime are only very few people probably only amounts to 1-3 that invest very early and also sometime its someone that have big posession of the coin from early on.
therefore to be honest getting rich from such meme coin is matter about being the early birds and therefore the reason why so many people out there wanted to be be the earliest by kept on investing in so many meme coin even though the rate of success is kinda low since we all know for sure that there are too much meme coin which equates to being shitcoin being generated every day.
and also judging from the trading volume of many meme coin in existence, the trend isn't gonna be fading anytime soon.

[JeffBrad12]

It will soon end just like any other fad.  These coins and tokens provide no purpose other than to enrich its creators and their very small inner circle.  Most times people buy in and just become exit liquidity for "the team".  Ask yourself this before you buy in, are they solving a problem where this is needed.  If not than you can almost guarantee at some point it will become worthless.  That timeline is the million dollar question.

meme coin honestly i think doesn't need to solve a problem, it just need to exist for people to manipulate and speculate using the coin and thats it, unfortunately such trend are gonna be long lasting, so many people are inspired being rich from just investing a dime, but we all know that those that get rich from investing a dime are only very few people probably only amounts to 1-3 that invest very early and also sometime its someone that have big posession of the coin from early on.
therefore to be honest getting rich from such meme coin is matter about being the early birds and therefore the reason why so many people out there wanted to be be the earliest by kept on investing in so many meme coin even though the rate of success is kinda low since we all know for sure that there are too much meme coin which equates to being shitcoin being generated every day.
and also judging from the trading volume of many meme coin in existence, the trend isn't gonna be fading anytime soon.