Started this 1k to 10k challenge in 20 days, Now I am thinking about getting into meme coins or nfts. Heard about dogechain but not sure how that sh* works, will have to check them out and get my money out before they get "HACKED"
Trading in meme coins and NFT may be very risky because the price can pump and dump so easily. But, high risk, high return. Sometimes, if you have been familiar with how these kinds of shitcoins or meme coins working, you can really take the advantage of the dump and pump price. Moreover for this may be promising enough for short-term trading, but not recommended for long-term, because this is too risky.
Once more, this way of trading is only for a high-risk taker. Not all people are brave enough to take this such risk. Many people may say about only investing in Bitcoin or top coins. I also agree with this thought. But, I also annot balme the one who take prfoits from day trading or short term trading on meme coins or otehr shit altcoins, because in fact, they can earn so much money from it.
However once more, this trading strategy may not be suitable for beginers, because this is too risky.
Almsot there, dude. Good luck