If the whole point of trading is "to have fun", then you shouldn't be sad when you lose money. While I do agree that some of the memecoins in the market made a lot of money, a bunch of them crashed, because they were rugpulls and scams that feed off the memecoin hype.
Fact check reviews that, many memecoins are subject of just hype and pump and dump scheme projected by known scammers in the industry all looking for chances to eat up investors money, and most times we have to truly look inward to be sure of when we are making such attempts to engage any of them both no and in the near future, because the memecoins trends just started and alot of them will be introduced as times goes on.
The truth is that, memecoins are designed for just hype and anyone who is engaging in their investment should have that basic understanding of the risk that awaits them by engaging with memecoins projects, best thing to do is to just take them as a gamble and nothing other than that so that we can avoid any possible crisis.
And the good ones will eventually hurt a lot of people too, just go back to 2022 tweets of Elon Musk, you will see that a ton of people were begging for him to talk about doge again, so that it would get higher. Don't get me wrong, if Elon gets in the position of "D.O.G.E" as in department of government efficiency, so we could see Doge increase a lot more, I am not sure if it will, but we can see that potentially happen and that is why I respect that, but others are just shitcoins to me.
Elon Musk is an investor like every other person and infact he hard the capital to buy tons of Dogecoin at cheap price and he made alot of profits from his investment and he duped the coin long ago, so he has no reason to make any statements to either directly or indirectly promote the coin, I think he is done with Dogecoin and the coin will act like every other memecoins.
