Thoughts about Meme tokens

Crypto is very popular in this world, and I believe it's tough to find a person in this hive platform who doesn't know about crypto. I am not a person who knows a lot about crypto and trading but at the same time, it's also true that I know a few things because I am connected with crypto since 2020 and I am observing the crypto market since that time.

image by Kanchanara from Unsplash
it's impossible to say anything with 100% confidence when it's about crypto. But I can share thoughts of mine which might be beneficial to others. So today I am sharing my thoughts related to meme tokens.

I think everybody knows very well what a meme token is and I and defining it here. If you are unaware of it till now then you can search the definition of it and you will get the answer. So, coming back to the topic again.

Everyone wants to make money at the current time as early as possible. Most people invest in a meme token just because of making easy and fast money and it's another reason meme token is very popular in recent time. Meme tokens can fluctuate within a short time and there exists a huge possibility of making a huge profit and the amount of profit is unimaginable. The best example of it is Dogecoin. You can take another example the Shiba Inu coin.

The second reason for investing in meme tokens is the hype about a meme token. People believe that those meme tokens can jump which created more hype and more hype means more money or more profit.

The third reason behind investing in a meme token is not having enough knowledge about meme tokens. I have seen a lot of people who invested in a meme token because they were influenced by some youtubers and invested in a meme token just because of greed.

Those are the reason behind investing in a meme token. Besides meme token is very risky where you can lose all of your invested asset also.

So A question may be coming to your mind that should we invest in a meme token?

Then my answer is "No". The reason is how many meme tokens you have seen which jumped like Dogecoin or Shiva Inu coin? Most of the meme tokens come to steal the asset from you and crash the price after you invest there.

But if you are still interested in investing in a meme coin then you can invest a little in a meme token after making an analysis and must remember one thing if you get the opportunity to gain profit from a meme token then secure the profit first and never invest second time in that token. You should need to be satisfied if you get the opportunity and don't be too greedy that time otherwise you may lose the profit also.

I think about meme tokens in that way but as I said I am not accurate and you may have better ideas to share related to this topic and you are welcome here to share your thoughts.

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