There are some memecoins, I thought they will not go far in in the market, that made me to ignored them in the past but they turned to favourable memecoins people are using to make daily income today, do you have interest on memecoins investment? If yes, you can look for the one that will cause you to earn income because there are some memecoins that will pump higher in the future while there are some memecoins that will dump, but you have to make a Wise choice.
this Wise Choice is the hard part
. can't really make wise choice if the market is fully speculative, in meme coin, there's arguably lesser things that make sense speaking from technical indicator, who would've thought a coin that derived its name and logo from doge's owner new dog could be listed in binance, it's all speculative with meme coin. but I guess that's also what make it interesting.
but I really like shorting these memes when it got too expensive and the mcap starting to not make sense at all, at that time you know shoring will bring easy profit.
but of course just like the other meme coin, sometime the move is unpredictable, even though RSI shows overbought and chart already so high, it can always go higher.
Memecoins are totally based on hype and nothing more, this is why we can't make a wise choice if we invest into any of them. After all, we are leaving our money into chance and hope one of them gets hyped a lot so we can make a profit. Instead of investing into these kind of things we should be looking to invest into things that makes a lot of money with time and it could grow better.
I personally believe the best we can do right now would be getting to a point where we can make a much better result and not really get any greater fear in the end. What we can assume right now would be putting money into these memecoins will be unlikely to be profitable and would require some viral marketing to make it go hyped, whereas if we invest into something which looks to be solid then we wouldn't have this kind of problem anymore.
So, investing into a coin like bitcoin or ethereum or bnb and whatever at the top like that, then we are going to be feeling fine about this investment. Don't put your money into things which doesn't have a future, you are going to make a profit from them and keep waiting for the coin to go viral, just invest into known ones and you should be doing better without trouble.