Not all meme coins are a good investment. Many are created without a real purpose, which can lead to huge losses for those who buy into the hype without understanding the risks. There are even people who dream of them reaching prices they will NEVER reach, hindered by their limited increase in market capitalization...
📌The case of Dogecoin ($DOGE)
A clear example is Dogecoin ($DOGE), which faces criticism for not having a supply limit, making it highly inflationary.
📌New meme coins with a focus on sustainability
However, some newer meme coins are trying to address these issues. Shiba Inu ($SHIB) and $BONK, for example, have implemented token burning mechanisms to create scarcity and control inflation.
📌Tips for investing in meme coins
Before investing in any meme coin, it is important to do your due diligence and understand the potential risks and benefits. It is important to know if it will have utility or if its issuance can be indiscriminate.
I have some meme coins, but they only occupy a small portion of my portfolio.
👉🏻And you? Will you become a millionaire with memecoins or do you not believe in them? Follow me for more daily content 👈🏻
$DOGE #MemeWatch2024 $NEIRO #DOGENEWS $PEPE #PepeCoinToTheMoon
