Now many of the new projects are interested in meme coins. You can invest in meme coins at the initial stage of their promotion, when the hype is just starting to gain momentum. It is necessary to correctly determine the time of profit fixation, as well as to withdraw capital on time, otherwise you can lose money. I don't like to take risks like that. and I like projects more, and those that come for a long time, for example Muzicoin.io. It is a technology created to develop a global phonographic market with the concept of distributing cryptocurrency rewards through music and interactivity on the Muzi platform. Now you can participate in the IEO of this project on the Coinsbit exchange.
Isn't that super scary? I mean sure, you could invest very early on, even before they release, during their IDO or whatever offering method they are using, and after they release you could sell within first hours and make 2x quickly if you are lucky enough. That is all understood and fine but that just doesn't make sense to me at all when we are talking about matter of hours.
I am investing into crypto for profiting in many decades, if I keep doing this per project that means I need to be checking it constantly and being online at all times to make sure that I do not miss out on the best time to sell. It is not the ideal method, but it could be the most profitable method, I wouldn't know since I do not test it. So all in all I would say it is risky and I would advise against it if you are new, or you do not have too much money to afford losing.