How to be a Meme Coin Millionaire
People can get rich from meme coins or at least make some money from it, if they buy in before the meme coin has gone viral, and sell to take profits instead of holding on. For example, by buying $11.87 worth of Shiba Inu (SHIB) when it just launched in 2020, an investor could have become a meme coin millionaire within 1 year and 3 months.
That said, meme coins are a very risky type of crypto because they are based on Internet cultural references. In other words, the price movement depends on whether the meme coins can stay relevant by driving hype or support among the community, and lack fundamental value.
