A Study in Meme Coins: An Examination of Profitability and Risk
Let’s take a look at SonicINU as an example of this:
SonicINU launched on Pinksale 21 April just over 1 month ago and accumulated 90+ $BNB in funds
The starting market cap would was 44,000 if you would have invested $100 at that time, during sonics all time high which was around 6.2 Million you would have had around $14,000. The current MC is around 3 million which means you would current have around $6800. These figures are not inclusive of the 5% reflections you would get per buy and sell
🛡️Disclaimer: This article is intended for educational purposes only. It does not provide investment advice. Cryptocurrency investments, particularly in meme tokens, carry a high level of Always exercise due diligence when investing on platforms such as BNBChain.
In the ever-evolving landscape of Blockchain technology, MEMES have been on the rise with some offering minimal to zero utility until recently.
Nice article about $DONS from @richie this project is founded by #NFT Founders of PancakeSquads and PlanetZuud tiger warriors the team are very reputable in the space
I will cover this project in more detail tomorrow
As always DYOR everything I post is never financial advice
Im so thrilled this morning because this might just become one of my most legendary trades ever made! im on a 140X now within a matter of days and looks like its not stopping anytime soon ( 12M MC now)😅
#DONS Meme on #BNBChain
THIS IS NO FINANCIAL ADVICE!!! Memes are very very risky so please DYOR and dont jump the train just because of my post! Just want to share my happiness👍
#BNBChainNFTs is a community that centres around the creation and trading of non-fungible tokens (NFTs) on the Binance blockchain (BSC). #BinanceNFT on the other hand is a platform for NFTs. They are operated by different entities and have different characteristics, let me blow your mind..
BinanceNFT allows users to create, buy and sell NFTs using Binance's native cryptocurrency, Binance Coin (BNB), as well as other cryptocurrencies supported by the exchange.