The fascinating paradox of meme coins 🤔 lies in their ability to grow more attractively and swiftly than well-established projects with extensive teams and comprehensive roadmaps.
🚀 This phenomenon unfolds solely through the audience's power, where memes bank on being a high-risk gamble: you either face a total loss or score a rapid gain.
People jump in, driven by the allure of quick profits, aware that a considerable portion of meme coin enthusiasts are essentially a crowd seeking liquidity, often uninformed or gullible.
💸 Who then end up obediently buying and, just as obediently, losing their investments .
🏄♂️ However, a small elite who have mastered the art of catching the wave and adeptly flipping tokens stands apart .
They're the ones who recognize the perilous nature of memes - a veritable minefield if one's greed isn't kept in check.
The strategy is straightforward: buy promptly, wait out the storm, and sell for a profit, with the early birds closing their hefty sales on the backs of the rest.
🤑 Interestingly, even amidst widespread skepticism or FUD campaigns against a meme, its holders remain undeterred, buoyed by the returns already banked. Why fret when more can be earned?
This contrasts starkly with foundational projects, which can falter disastrously under targeted FUD, especially when it hits too close to home with accusations like "the founders are sitting on millions of tokens" or "the project lags two months behind its three-year roadmap."
Identifying a robust foundational project is simpler than finding a meme worth investing in, yet the game changes when approached en masse with savvy risk management.
Focusing on substantial meme tokens for long-term investment, especially those backed by billionaire founders, could be the key. Think of notable names like Bonk, Pepe, Floki, Doge - with Doge being notably less volatile and perhaps inching towards foundational status, given its potential for mainstream integration, like with PayPal someday.