Hey All,
Can Memecoins earn passive Income regularly Or are they Scam? In this post, I'll talk about my experience with Chihuahua ($HUAHUA) - The Cosmos Meme Coin. First thing first - how I landed investing in this meme coin Chihuahua ($HUAHUA)? I started with investing with $100 and all this income came from my $EVMOS staking rewards. At that point in time, I had bought 3+ Million #HUAHUA tokens for almost $100+ and had staked all of the tokens. Till date, I have not taken out a single penny and all the rewards are staked back which is giving s decent APR. But at time, I do take profits where in I buy $ATOM or any other Cosmos blockchain coin. Here is my current stake in $HUAHUA token::
My Current Stake in $HUAHUA
As of date, I have close to 4+ Million Chihuahua ($HUAHUA) tokens staked on Omniflix Validator and the tokens are worth $115+ where $HUAHUA is trading at a level of $0.00002+ which is up 1.3% today with a marketcap of $2.7+ Million.
Believe it or not there was a time when this investment of mine was giving me like 7x returns but I did not exit and stayed invested. $100+ became $700+ and I just didn't book the profits and I do regret it NOW...Anyway that is past and things done cannot be undone now and we should focus in present.
Finally, I would say that if you have invested in a memecoin at its low levels and it continues to generate a passive income - I guess its ok to HODL onto it until a opportunity strikes where its giving you 10x+ just books profits as much as you can - just don't be greedy as I did in my case. Just ignored the 7x returns and was hoping to become a crypto millionaire in just few days that's next to impossible. No doubt I am currently making a good profit here. But the main point is also that Meme coins can get you passive income as well. Right, now if you see, I already have worth $2+ worth of $HUAHUA to claim or swapped for a stable coin. But what I instead do is keep on accumulating to enhance my stake.. HODL & Just keep on staking is the strategy at the moment for this Meme coin $HUAHUA of Cosmos Blockchain.
Have your say on - Chihuahua ($HUAHUA) - The Cosmos Meme Coin...
Please, note I am not recommending any Buy here. Just sharing my experience with $HUAHUA Meme token and how I am leveraging its earning into buying other tokens of my interest or rather restaking it to further increase my stake in $HUAHUA Meme token.
DYOR before buying in this - Chihuahua ($HUAHUA) - The Cosmos Meme Coin or any other Meme coin...
#meme #coins #passive #staking #defi #chihuahua #cosmos #huahua
My Experience with Chihuahua ($HUAHUA) - The Cosmos Meme Coin...
Best Regards
Image Courtesy:: coingecko, omniflix, cosmos
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congratulations, and well done, but meme coins are very unpredictable
Staking is a good investment if you can hold on to it for a long time. Your rewards can just triple. Don't give up on meme coins, keep accumulating more of it as it brings future rewards, @gungunkrishu I agree with you.