you might have heard about the people who bought dog coins like Shiba last year and are now millionaires. They bought $1000 worth of Shiba and now have millions of dollars.
I have heard that so many times but they are so lucky bought the hyped tokens. there are bunch of people have tried that in the shit scam token and they got scammed.
Will dogs continue to be the meme coins that 1000x or will cat coins take over?
It doesn't matter whether that's dog or cat. The thing that matters a lot should be the hype. Even if you're investing in a meme token called a dragon but it doesn't hype and it will be useless.
There are a few on the market already like Dinger, but they are not so popular compared to dog coins.
Thoughts?
The worst choice is to take unpopular tokens like dinger as a way to invest your money.
Our main goal of investing in crypto is to be able to generate large profits. That's why some people are always looking for projects that can
give 1000x profit. But the problem is that it is very difficult to find projects that are hype and provide big profits. Often we are late to join
the hype coins, so in the end we don't get profit, what we have is we are trapped because the price has dropped and the demand is getting lower.
Therefore, it is not recommended to invest in new projects or projects that are not popular. The risk is very high, if the price falls the possibility
to recover is very small and there is a possibility that our capital is trapped in the coins. Especially for newbies who don't have good analytical
skills, they should avoid investing in CAT, Shiba Inu or Dinger. Because coins like that are only for short-term investments, so we must have
good research and analysis skills.