The other day we fell into a convo about meme coins during the INLEO AMA (WenSoon Show).
At the end, we basically were all in agreement that this is the current hotspot casino in crypto right now. Maybe akin to NFTs in the last bull cycle?
Anyway, the point is - it is wild how so many meme coins launch per day and literally nearly all over them see a push higher the first hour or two before imploding back to essentially nothing. This is the case for the majority atleast, obviously there are the handful that catch fire.
It makes it tempting though. Like if I just jump in a coin the moment it launches for trading there are decent odds I can 2 or 3x my money in an hour and then dump.
A current example...
Just another random meme coin. This is an hourly chart. Even if you bought at the close of the first hour, you are sitting pretty with a 3x gain.
This stuff is crazy and is poking at the cat's gambling habits!
Posted Using InLeo Alpha
!MEME
Credit: orionvk
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