Is meme risk worth the reward?

[Iamcrypticguy]

Okay, here's why I'm here. I've been noticing memecoins trending lately, such as Pepe, Doge, Shiba, WIF, Wen, Myro, which started the charge. Before newer Solana memes like Peng, Brett (this one is on the base Blockchain), and recently Bome, making impressive gains. My question to my fellow Nigerians is, for those on the meme train:

1.How do you spot these memecoins quickly?

2.For someone like me who doesn't use dex, which cex is the best for listing early trending memes?

3. Is the reward worth more than the risk?

And any suggestions you could give.

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[AVE5]

Okay, here's why I'm here. I've been noticing memecoins trending lately, such as Pepe, Doge, Shiba, WIF, Wen, Myro, which started the charge. Before newer Solana memes like Peng, Brett (this one is on the base Blockchain), and recently Bome, making impressive gains. My question to my fellow Nigerians is, for those on the meme train:

1.How do you spot these memecoins quickly?

2.For someone like me who doesn't use dex, which cex is the best for listing early trending memes?

3. Is the reward worth more than the risk?

And any suggestions you could give.

I don't even think of everyone of us who investors on bitcoin, AltCoins or even the MemeCoins do operates on the DEX that's even if there is any.
To my best of understanding we all lean on this by relying on speculations, making enquires and researches if what the Speculation about a coin new project of Coins can be reliable to invest on.
Op asking if the rewards is worth than the risk, that's hmm for you because as long we deal on speculations and rumours While determining the actual potentials of the AltCoins, there's said you o be a big risk about it which could be a 50/50 either you lost or you gain.
Basically investing on the MemeCoins is one of the main reasons why it's adviced to invest with what is affordable to loose. On this note, there's said to be be a high risk with your fund and it you're lucky enough, then you gain your rewards like you just hitted a jackpot.
For real if you want a reliable crytpto investment then you must stick to accept investing on the bitcoin.

[letteredhub]

I don't do memecoins as a result of my lack of interest I don't take them serious although it's been told by those of interest that it gives raoid profit but something I know  about such league of coins is that they burn investors incomparable to the profits it's talk about. If you must invest in altcoins why not go after those that have been in the market for long time order than some rug pull memecoin projects that are flooding into the market due to the bullrun to scavenge money into developers pocket.

[Gozie51]

To invest in memecoins or shit coins as we know to call it isn't really bad and it has a high reward ratio for profit than you will lose and this is simply because investing in them is just with very little money and you can gather millions of the coins and once it rises then you smile to the bank. However there is always a time to invest in such shit coins and that time is now, bitcoin halving time when bull is expected.

The logic to such strategy is that the investment is strategic, you have to wait for the right time to invest and that is now that bitcoin price is increasing and some other reputable altcoins rising out of the reach of weak hands and small buyers. So the logic is that during this bull, most people want to put their hands on crypto investment to have a feel of the bull ride so when they can't get to bitcoin or other altcoins, dem go run down to shit coins. So you wey dey experienced wey don already pack the shit coins keep, na so e go begin increase and your wallet go begin rise and if you want to sell then you go make your fast profit.

If you must invest in altcoins why not go after those that have been in the market for long time order than some rug pull memecoin projects that are flooding into the market due to the bullrun to scavenge money into developers pocket.

Some of those coins wey don dey for market go don get market cap wey don high so it may not really bull faster than new shit coins wey just enter market during bull. You fit make fast ROI before you sabi wetin dey happen.

[Y3shot]

Their are some memecoin that are highly profitable no doubt about it but memecoin is also a risky that one needs to be very careful of the memecoin to invest.  Memecoin are very risky and one needs to be very careful when dealing with memecoin.  The mistake some people do make while investing memecoin is that they enter the market with greed, which they are not sure if the project is very reliable to invest in, it is important one needs to invest with the amount they can afford to lose.

[Obim34]

Memecoins are not just the risky ones alone but that aside, memecoins are generally known for their pump and dump which can most likely be taken quick advantage on. Currently, I may prefer going into some memecoins than some new altcoins, memecoins are potentially bound to give this first pump and one may be lucky enough to get in before this happens.

Memecoins are worth the risk and aswell you must be mindful enough to know on which memecoin, where to invest and how much to invest as the result of gaining profits is never assured.

[Barikui1]

Okay, here's why I'm here. I've been noticing memecoins trending lately, such as Pepe, Doge, Shiba, WIF, Wen, Myro, which started the charge. Before newer Solana memes like Peng, Brett (this one is on the base Blockchain), and recently Bome, making impressive gains. My question to my fellow Nigerians is, for those on the meme train:

1.How do you spot these memecoins quickly?

2.For someone like me who doesn't use dex, which cex is the best for listing early trending memes?

3. Is the reward worth more than the risk?

And any suggestions you could give.

Am not a fan of meme coin or shit coin because they are mostly pump and dump scheme, and I normally sees them as gambling because of the risk involved, though of a truth, the rewards is very good if it goes your way, but for me to risk up to 100dollar on any shit coin is actually not worth it.

I believe in stability and continuity, so I practically gets all of that in Bitcoin, even though the profit Bitcoin gives is not that much as  meme coin gives, am ok if it keeps coming gradually, because I believe that small progress is a progress regardless of the pace, not for me to be greedy and go and acquire a shit coin that will make me lose my hard earned money.

[Chibaba]

Okay, here's why I'm here. I've been noticing memecoins trending lately, such as Pepe, Doge, Shiba, WIF, Wen, Myro, which started the charge. Before newer Solana memes like Peng, Brett (this one is on the base Blockchain), and recently Bome, making impressive gains. My question to my fellow Nigerians is, for those on the meme train:

1.How do you spot these memecoins quickly?

2.For someone like me who doesn't use dex, which cex is the best for listing early trending memes?

3. Is the reward worth more than the risk?

And any suggestions you could give.

Before answering your three questions; I don't fancy or use DEX and I guess most of us here don't.
Spotting a good meme coin early has to do with some random luck and your effort to always have some tether willing to risk but taking cognizance the blockchain the meme coin are built could be another factor particularly if the blockchain is trending.

Solana based meme coin could be our best bet in this bull run and you may explore BOME which debuted on Bitget and this may answer your second question. The exchange has been working hard on their listing speed recently. BOME has already done 5x and Binance listing is just few minutes away.

You may look out for other potential listing on the platform cos I keep it close for such purpose,

Happy hunting.

[EL MOHA]

Okay, here's why I'm here. I've been noticing memecoins trending lately, such as Pepe, Doge, Shiba, WIF, Wen, Myro, which started the charge. Before newer Solana memes like Peng, Brett (this one is on the base Blockchain), and recently Bome, making impressive gains. My question to my fellow Nigerians is, for those on the meme train:

1.How do you spot these memecoins quickly?

2.For someone like me who doesn't use dex, which cex is the best for listing early trending memes?

3. Is the reward worth more than the risk?

And any suggestions you could give.

1. The people who catch this trend way to early are degen traders and most at times airdrop hunters or farmers because they actually engage everyday on their handles and get first hand information on when the listing will be done and the gamble on it.

2. If you don’t like DEX then it is best you leave memecoins because it is on the DEX that you only catch them early the period they get listed to CEX the hype get much more and you will only be FOMOing into it if you buy this time around and the worst thing to do is to buy a pumping or dumping memecoin.

3. The reward to risk ratio of every memecoin is always 1:1 and that’s why you see when people get profit from it it is always massive because no one knows which direction you can go. A $10 can be $1k plus in hours on memecoins same way a $1k can turn to $10 In hours too.

My suggestion if you don’t know anything about them it is better you stick to what you know. If by any chance you’re looking for a coin to gamble on then go for low or middle market cap gems with better use utility like the layer 2 coins we have now.

[Iamcrypticguy]

Okay, here's why I'm here. I've been noticing memecoins trending lately, such as Pepe, Doge, Shiba, WIF, Wen, Myro, which started the charge. Before newer Solana memes like Peng, Brett (this one is on the base Blockchain), and recently Bome, making impressive gains. My question to my fellow Nigerians is, for those on the meme train:

1.How do you spot these memecoins quickly?

2.For someone like me who doesn't use dex, which cex is the best for listing early trending memes?

3. Is the reward worth more than the risk?

And any suggestions you could give.

Before answering your three questions; I don't fancy or use DEX and I guess most of us here don't.
Spotting a good meme coin early has to do with some random luck and your effort to always have some tether willing to risk but taking cognizance the blockchain the meme coin are built could be another factor particularly if the blockchain is trending.

Solana based meme coin could be our best bet in this bull run and you may explore BOME which debuted on Bitget and this may answer your second question. The exchange has been working hard on their listing speed recently. BOME has already done 5x and Binance listing is just few minutes away.

You may look out for other potential listing on the platform cos I keep it close for such purpose,

Happy hunting.

Just checked and it's true. $BOME did good. So you caught it early due to the cex listing speed?

[Iamcrypticguy]

Okay, here's why I'm here. I've been noticing memecoins trending lately, such as Pepe, Doge, Shiba, WIF, Wen, Myro, which started the charge. Before newer Solana memes like Peng, Brett (this one is on the base Blockchain), and recently Bome, making impressive gains. My question to my fellow Nigerians is, for those on the meme train:

1.How do you spot these memecoins quickly?

2.For someone like me who doesn't use dex, which cex is the best for listing early trending memes?

3. Is the reward worth more than the risk?

And any suggestions you could give.

1. The people who catch this trend way to early are degen traders and most at times airdrop hunters or farmers because they actually engage everyday on their handles and get first hand information on when the listing will be done and the gamble on it.

2. If you don’t like DEX then it is best you leave memecoins because it is on the DEX that you only catch them early the period they get listed to CEX the hype get much more and you will only be FOMOing into it if you buy this time around and the worst thing to do is to buy a pumping or dumping memecoin.

3. The reward to risk ratio of every memecoin is always 1:1 and that’s why you see when people get profit from it it is always massive because no one knows which direction you can go. A $10 can be $1k plus in hours on memecoins same way a $1k can turn to $10 In hours too.

My suggestion if you don’t know anything about them it is better you stick to what you know. If by any chance you’re looking for a coin to gamble on then go for low or middle market cap gems with better use utility like the layer 2 coins we have now.

These suggestions are valid mate. Thanks... It's high risk but if it pays off, high results also.... Someone suggested a cex that lists meme quickly and even gave an instance. I'll just be patient and observe keenly before getting involved. Thanks mate..

[letteredhub]

If you must invest in altcoins why not go after those that have been in the market for long time order than some rug pull memecoin projects that are flooding into the market due to the bullrun to scavenge money into developers pocket.

Some of those coins wey don dey for market go don get market cap wey don high so it may not really bull faster than new shit coins wey just enter market during bull. You fit make fast ROI before you sabi wetin dey happen.

Abro I don see shege for all these new coins their body and I no go lie you the stori no funny at all wetin man don loss and for this wey make if I wan do anything altcoin na at least to run those ones wey don old small for the market with convincing market cap and for all this new coins as their ROI fast no so their losses follow fast too. My best option nah to stay for where I know say the propensity to lose no really high that much and not just about how fast the ROI dey come. I dey consider loss too.

[Fivestar4everMVP]

After years of ignoring memecoins, I finally decided to join the meme coin, and so far, I must be sincere with you, the reward is indeed, worth the risk, but you don't just go buying any meme coin, you have to be super selective of which meme coin you buy, else, you might end up losing more than you gain.

I am going to answer your questions

1.How do you spot these memecoins quickly?

If you must do meme coin, then you must learn to use decentralized exchanges, because this is where they start from, and one way to make maximum profit in meme coin investment is to invest in it as early as possible, and "as early as possible" simply means that, you discover and invest in them before they list on any centralized exchanges, and even coinmarketcap, this way, when the memecoin starts listing, you are going to be in profit all through, regardless of how much the price falls in the short term..

2.For someone like me who doesn't use dex, which cex is the best for listing early trending memes?

Check my answer to your first question, if you are into memecoin, you must learn to use decentralized exchanges, esle, you are just Goin to be buying from those who already made like 100x to 200x profit when the memecoin has listed on cex, if you wanna make max profit from memecoin, buy them when they are not yet listed anywhere aside from decentralized exchanges.

3. Is the reward worth more than the risk?

The reward is worth the risk big time bro, I brought 3 memecoins namely
Coq inu
Ton Fish
Coconut chicken

And honestly, I am currently in massive profit in all three, even right now the market is in down turn, I am still in massive profit on this three memecoin, and non of this is even listed on Binance yet, Ton fish and coconut chicken are both yet to be listed on any good exchanges, Ton fish isn't even listed on coinmarketcap yet, nor any cex.

In general, memecoin investment can be very profitable, but like I said before, you have to be very careful and super selective, don't go throwing money at any meme coin you see or come across, for not all will do well.

[Benedictare]

   Before investing one needs to make a proper findings about the risk and rewards involve for safe and well informed investment pattern,this is very important.

   Meme's price movement within the past few days of training direct to a low risk ranking, which is connected to the trade volume, which makes the traders to be confident on the token capable of being now. The present risk score,shows ,it is relatively low risk investment, which will makes investors to be firstly concern with the risk appraisal will find the score necessary to prevent risky investment.

   

[Stable090]

1.How do you spot these memecoins quickly?

Me I no dey invest in meme coin, but if me self see better one wey I go get mad cashout I fit leave like small money inside am ooo, but the most surprising be say, how people dey take spot all those meme coins at the early stage, e still dey suprise me ooo, or is it that people just invest in random meme coins, and whenever they are lucky, like one of the meme coin go just pump madly and they go cash out.

3. Is the reward worth more than the risk?

If you are investing in meme coins, the best think na to invest just little amount of money, like me now if I wan invest for meme coin I no go invest pass 5,000 naira to 20,000 naira be the amount wey I fit leave for meme coins, I will hardly invest even 20,000 naira, but if I lose the money, I know say e no go even affect me in any way.

[odunybiz]

If you must invest in altcoins why not go after those that have been in the market for long time order than some rug pull memecoin projects that are flooding into the market due to the bullrun to scavenge money into developers pocket.

Some of those coins wey don dey for market go don get market cap wey don high so it may not really bull faster than new shit coins wey just enter market during bull. You fit make fast ROI before you sabi wetin dey happen.

Abro I don see shege for all these new coins their body and I no go lie you the stori no funny at all wetin man don loss and for this wey make if I wan do anything altcoin na at least to run those ones wey don old small for the market with convincing market cap and for all this new coins as their ROI fast no so their losses follow fast too. My best option nah to stay for where I know say the propensity to lose no really high that much and not just about how fast the ROI dey come. I dey consider loss too.

Investing in altcoin is risky. Although if lucky, it could turn you to a millionaire in minutes and if unfortunate, it may make one to become poor in minutes. So, if it's a must for you to invest in altcoin, you must do so with little capital that you can avoid to lose. Avoid being greedy on hearing or seeing their potential ROI. BTC is the only coin that really deserve a good investment.

[DaNNy001]

Okay, here's why I'm here. I've been noticing memecoins trending lately, such as Pepe, Doge, Shiba, WIF, Wen, Myro, which started the charge. Before newer Solana memes like Peng, Brett (this one is on the base Blockchain), and recently Bome, making impressive gains. My question to my fellow Nigerians is, for those on the meme train:

1.How do you spot these memecoins quickly?

2.For someone like me who doesn't use dex, which cex is the best for listing early trending memes?

3. Is the reward worth more than the risk?

And any suggestions you could give.

There are some certain persons in the crypto space that would beg to differ when it comes to the use of these coins because there are already shot term traders and gamblers and the reason I say gamblers is because these coins are never a guarantee and that's the biggest part of gambling which is not being sure enough but the varse majority of crypto traders would not agree because they are the one benefiting from these coins.

[Iamcrypticguy]

1.How do you spot these memecoins quickly?

Me I no dey invest in meme coin, but if me self see better one wey I go get mad cashout I fit leave like small money inside am ooo, but the most surprising be say, how people dey take spot all those meme coins at the early stage, e still dey suprise me ooo, or is it that people just invest in random meme coins, and whenever they are lucky, like one of the meme coin go just pump madly and they go cash out.

3. Is the reward worth more than the risk?

If you are investing in meme coins, the best think na to invest just little amount of money, like me now if I wan invest for meme coin I no go invest pass 5,000 naira to 20,000 naira be the amount wey I fit leave for meme coins, I will hardly invest even 20,000 naira, but if I lose the money, I know say e no go even affect me in any way.

No be lie. Invest in what you' can let go. But with memes if you get it right, you'll earn way more. Someone suggested bitget memezone here and I go check am. Omo, new listings da make mad gains oo. I'll need to pay more attention there and get into memes early.

[EluguHcman]

You asked like a curious crypto holder or a beginner, this has firstly attracted me to ask this .... I hope you know how funny memecoins could be with their highly volatilities that can be weaken to attain potential and reliable values?

Anyways, I do not know your stance and Opinion towards my concern of you but I think you are just focused about memecoins otherwise I would recommend you to Chanel your investment on the Bitcoin where you would have a rest assured reputable crpto investment but of course it is still a good one discussion about the memecoins on board here.
     

1.How do you spot these memecoins quickly?

2.For someone like me who doesn't use dex, which cex is the best for listing early trending memes?

3. Is the reward worth more than the risk?

And any suggestions you could give.

As your request,  memecoins are sported by their onlines speculations such as the social medias and online platforms that are interested about new crypto currency projects possessing varieties of attractions such as their market prices and the strategies of how they are hyped to stay on top trending.

If you want to stay tuned with the trending memecoins sign up to reddit on https://www.google.com/url?q=https://www.reddit.com/reddits/login/&sa=U&ved=2ahUKEwjqldec2PyEAxXjW0EAHUkgA8IQFnoECAwQAg&usg=AOvVaw2_0vsboRF7sWfvqePTQW4f a d then you are good to keep your desired crypto Coins on tracks.

You can also rely on broadcast speculations or possibly you research and enquires.

No risk no reward and every huge risk do have an outcome of huger rewards if succeeded.
So you would always be benefited when you successfully succeeds on your risky journey as long as it has the potential of rewards.
I do not also think Investors would ever want to risk on to invest on where would not have to gen rewards.
So basically the rewards investors chases while invested in Bitcoins, Altcoins and even the Memecoins is expected to be worth worthy than their risks.

[Agbamoni]

1.How do you spot these memecoins quickly?

Let me put this straight. I get notified by the centralized exchanges I am using to trade my meme coin even before they get listed. When the notifications come, I do my own private research on these meme coin to know if I will invest when they get listed there.

2.For someone like me who doesn't use dex, which cex is the best for listing early trending memes?

The best exchange to see new and legit meme coins is Kucoin and ByBit. For now, they are the best.

3. Is the reward worth more than the risk?

Obviously, the reward is way better than the risk if you invest in a good altcoin. Most times after listing we tend to see an increase in the price before it corrects back to the actual listing price. But sometimes the prices fall a little but with time it skyrocket. And it is important to DYOR so that you won't fall for pump and dump altcoins.