Meme coin only increases several times in hype and bull market. That's what happened to the Shiba Inu meme coin. But keep in mind that meme coins can lose value at any time more than you imagine. If you expect everything to work out as you think and bring profit, you are thinking wrong. Moreover new altcoins are coming in the market every day so that people will go ahead to invest. So I think there is no need to hold meme coins.
At least we respect His decision of keeping His Shiba Inu till now Hoping that any Hype will
happen and also hoping that Elon Musk will again shill with this meme coin and make its way to the top
like what happened recently , but I doubt it will happen as there are several new currency that Elon is
Shilling .
though OP might be ready on that because she even not mentioned how much is this holding
it might be few bucks or a hundred? that he can carry losing if ever sideways happen.
thats why some whales are prefering to invest in meme coin that are relatively new so there's that reason why new meme coin that is favoured by community gaining massive market capitalization just in the blink of an eye. moreover its just not worth pumping the big meme coin because the money required will indeed gonna skyrocket.. in my opinion holding doge or shib right now is not truly beneficial they just stuck at current price if not going down
True. Its easy to pump a new memecoin in early stage but when its about doge and shiba inu, huge fund needed for noticable pump but here, the good point is, whales can't manipulation top memecoin like shiba or doge easily as they can do with new memecoins. But in bull run, most of altcoins get pump and so for memecoins. And as we know elon is behind doge, so doge has possibility to pump and still don't know about shiba inu but it already pump a lot as it also has strong community to support it
just know when to leave ,there are perfect timing in Meme coins but OP seems to be a believer either of the coin or Elon Musk because he is the one who is shaking the price of meme coins.