Invest in Meme Coins for 50x Gains: Crypto Expert’s Altcoin Advice
What Are Meme Coins?
Meme coins are cryptocurrencies that are built around a simple idea, like a dog, and can generate exponential gains in a short period of time. They are predominately used by investors who are willing to take large risks with their funds.
Recent Example of Meme Coin Success
A recent example of the success of meme coins is Pepe, which was launched on Sunday and reached a market cap of $33 million by Tuesday – a 21,000% increase in value.
Risk Involved With Investing in Meme Coins
Crypto expert Altcoin Sherpa warns that investing in meme coins carries significant risk as they “are mostly rugs, do nothing productive, take 0 effort to make, and are mostly here for the biggest gamblers, degenerates, and plebs in the crypto space”. A rug pull is when a developer sells a worthless coin to the general public.
Recommended Meme Coins
The industry talk team at Cryptonews.com has taken the time to look at some of the best meme coin projects in the crypto space such as Dogecoin, Shiba Inu, Dogelon Mars and Baby Doge Coin – all projects with actual utility and worth. However they are most excited about WSB Finance which recently surged over 1000% after being listed on major exchanges like Bittrex and Huobi Global.
Investing in meme coins comes with high risk but also potential for exponential gains if done correctly. It is recommended that investors conduct thorough due diligence before investing any money into these projects to ensure they don’t get scammed out of their money by false promises or rug pulls from developers who were looking to make quick profits