RE: Meme Coins Are Taking Over CRASH IMMINENT?
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DOGE is the only memecoin on my watchlist. It trades well on short term time frames and has netted me some good gains over time. But I don't ever hold it. It's generally just a leverage trade on Apollox.finance though.
My thing about DOGE is that it is backed by a proof of work network that is merge mined with LTC. DOGE has been in the top 10 for well over a year at this point, with may a dip here and there, but it's always near the top of the chain list.
The rest of these memecoins out there are just vaporware. Some smart contract token controlled by the person that released the contract. No decentralization at all and a big ass bag of coins waiting at the top of the hype pump to dump on all the kiddies.
I try to not get caught up in the noise of things and really just focus on the few that are in the watchlist. But we aren't anywhere near the top of the market, so things will take off, scams and all.
That would sum up about 99% of these meme coins for sure.
Yep. The fact that people invest in these tokens shows the maturity level in this space. People just want their pumps but cry when they get the dumps, 😂