From many years in crypto market a term meme is used frequently, what is a meme coin and should someone invest in,or what are the consequences,let's have an look👇.
MemeCoins
MemeCoins are such coins that have no utility,Yes! that's true, these coins are supported by online communities.In nature these coins are so risky and having high volatile price speculation.Very Popular meme coins are #SHIB🔥🔥 #pepe #doge
How to choose a MemeCoin to Invest
Choosing a MemeCoin to be invest in,is really a time taking task and off course it should be more time taking after all a trader is investing its investment to get some profits.Hundreds of meme coins are launched on daily basis,most of these are scams.
The best meme always make traders investments 10x to 100x. Some points to noted before investment in MAME are
Always check which team is working behind meme.
Check multiple times,is there any scam before on their part.
Check the zeros after decimal like, $0.0000000029 etc ,if some one invest just $10 , there is high potential to be 1000x if it grows . and if doesn't grow like this $10 would not bother an investor.
Always go for authentic socialmedia to follow the news.
If you invested already ,keep an eye on it's roadmap and time laps to asses it's authentication.
Research on different platforms.
Invest on it's official website,and follow the procedure
Complete KYC.
The best meme coins always privileged by their strong communities that work behind for their growth.A meme coin can make your investment hit or flop, but it can also be tolerated by choosing the right amount of Investment.So choose wisely.