My Investment Strategy For Meme Coins

source

Meme Coin is a part of the crypto industry. Usually, the idea of a meme coin comes from something funny or something that is made fun of through a meme coin. It looks a bit like a smiley character and most of the time a character of an animal is used in meme coin logos. Like- Dogecoin, Babydoge, Pepe coin, Shiba Inu, etc. Since the purpose of creating meme coins is to make fun of something or make fun of Bitcoin, these coins have almost no usage in the crypto world.

Even if the Meme coin has no usage or is not fundamental, many people are earning millions of dollars by investing in these coins. Investing in meme coins is risky because most meme coins have no future. That's why many crypto experts advise avoiding Meme Coin. Many dreams of becoming a millionaire by investing all their money in Meme Coin. It is nothing but foolishness or gambling. Greed works behind it.

But currently, the use case of Meme coins has started to come in front of us. Elon Musk is working on Dogecoin. Shiba Inu's Shibarium blockchain is arriving. But most of the use cases are minor. We think we will invest 5-10 dollars in meme coins and become millionaires, it's almost impossible. But some strategies should be followed to invest in meme coins. So that we can earn at least 50-100 dollars even if we are not millionaires.

---

Invest at the right time

Invest in meme coins at the right time. Meme Coins usually bleed a lot when the price of BTC goes down. At this time entries can be taken in Meme coins. Because at this time Meme coins are available to buy very cheaply.

---

Invest in the right Meme Coin

The correct Meme coin means the top Meme coins. 2-3 meme coins that are top in the crypto market can be chosen and invested in.

---

Always invest a small amount

Crypto experts recommend always investing small amounts in Meme coins. Because there is a lot of risk in this type of coin. You can invest in Meme Coin from 5 to a maximum of 20 dollars according to your risk. 2-5% of your crypto portfolio can consist of Meme Coins.

---

A long-term investment

Meme Coin remains in dead condition in the market most of the time. So invest in Meme Coin for the long term. You need to invest a small amount of money and wait for a long term, then only you can get a profit in Meme coin.

---

When the trend of Meme Coin starts in the market and Meme coins start increasing then we can get unimaginable profit. But to get that profit, we have to invest in Meme Coin wisely.

By investing systematically we can expect good returns. Meme coins can be invested by following the above strategies.

But my words are not financial advice here. Your own research is more important. Because at the end of the day, no one is responsible for both profit and loss here.