How do people make millions with memcoins ?

One thing about memecoins is they are hilariously always capitalizing on the ongoing situation in the world. I remember when Trump got shot at his rally and there was already a meme for it lol

When that news about the Squirrel that was euthanized by the NYSDEC, they went ahead and created PNUT now there's a raccoon meme named FRED for a raccoon that was taken away by the government too

I find it absolutely hilarious that people make millions of funny narratives like this but I guess that's why people love memcoins.

 

[kaychiz]

You're right. Once there's a situation going on, next thing there's a crypto for it. Lol. More like trying to keep the event memorable for the future. However, you can't take it from them that they've really made some pple millionaires though depending on how much they invest in the meme coin to buy it. And then once the market is favourable and prices go up they sell off, recoup their investment and count their gains.

 

[Monster Masterpiece]

It depends on luck since not altcoins or memes becomes popular and included on cex or dex few ones reach this stage of level.

 

[jacobss]

Making millions with meme coins often starts with capitalizing on trends, as seen with coins like Dogecoin, which gained value through viral marketing and social media. Money is important for everyone, and while reaching millions can seem daunting, it often begins with a small investment or startup. If you're looking to start, Shakepay could be a good platform. It's known for being user-friendly, especially for beginners in the crypto world. It allows you to buy and sell digital currencies easily and could be a simple entry point to help grow your funds.

 

[jasimi]

You're right. Once there's a situation going on, next thing there's a crypto for it. Lol. More like trying to keep the event memorable for the future. However, you can't take it from them that they've really made some pple millionaires though depending on how much they invest in the meme coin to buy it jacqueline tortorice. And then once the market is favourable and prices go up they sell off, recoup their investment and count their gains.

True! Crypto, especially meme coins, has gained attention for its potential to make people rich, often depending on timing. If you buy in early and the market shifts favorably, you can sell and profit. While meme coins have made millionaires, the market is volatile, so success depends on smart investments and market timing.

 

[MaxMass]

Making millions with meme coins often involves a combination of factors, though it's important to note that this is highly speculative and risky.While some people have made millions with meme coins, success is not guaranteed and is often accompanied by significant risk. Investing in cryptocurrencies, especially meme coins, requires careful consideration, research, and, ideally, guidance from financial professionals.

 

[EMMANUEL]

Innovative Uses and Projects: Occasionally, memecoins evolve from mere jokes to legitimate projects with real utility. Investments in coins that pivot towards use cases (like NFTs or gaming) can yield substantial profits.