You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!
for the market there is no effect, because when the bull run occur, then all cryptocurrency prices will increase (except shitcoin), but meme coin has an impact for the investor, because if he chooses a bad meme coin, then these meme coin will only become shitcoin, so people who invest in a bad meme coin will lose money, therefore if you want to invest in meme coin, then we must be prepared for the risks and I also suggest you to investing in meme coin which has a large market cap, because it is safer to invest than a new meme coin.
There are still altcoins that are doing well in the market. Buying them can be very profitable to us if we buy them at the early time when they are not launched yet. Cryptocurrency is a big opportunity for people to earn from the market of they are ready to learn and understand how to make profits from altcoins. There are altcoins that can give us as huge x as 1000x to 2000x.
We can make profits if we know how to invest in altcoins projects that would have high chances of doing well in the market.
If you do try to hover yourself on DEX then you would be finding those newly launched coins that easily shoot up 5-20x in a short span of time and there are indeed people who do are loving to
jump in within these coins even though its already considered to be a gamble but the chances are really there.Speaking about meme coins then it would be always on the same concept
on which there are really probabilities that it could be a hit or miss depending or basing up on the community demand. I could say that meme hype is over if we do try to look around
and even just seeing or checking those known meme coins in the market, they dont make such movement as of this time.
There would really be having that specific time if we do speak about meme coin season, whereas it would be playing around in between altcoins and Bitcoin season
where pumps and dumps do really happen. If you could be able to bare up the risks when it comes those moving prices then it wont be a bad
idea to make some consideration on investing in.