• Crypto expert Altcoin Sherpa suggests meme coins are the best cryptocurrencies to invest in for fast exponential gains.
• Examples of these meme coins include Pepe and Dogecoin, which have seen rapid price surges over a short amount of time.
• However, investing in meme coins is risky as many are scams and pose a rug pull risk.
Meme Coins: Quick Gains But Lots Of Risk
Crypto expert Altcoin Sherpa recently explained in a Twitter thread that meme coins are the best cryptocurrencies to invest in if you want fast exponential gains. Popular examples like Pepe and Dogecoin have seen impressive price surges within days of launch, but investing in them is still risky due to the prevalence of scams and rug pulls.
The Benefits Of Investing In Meme Coins
Sherpa explains that meme coins offer something no “normal” coin like Bitcoin can do – 500x gains in a matter of days. This is because they are built around a “simple idea” like a dog, meaning you “don’t need a big brain to understand it and you don’t need to go through complicated steps to work with it”. The recent example of this was Pepe which rose 21,000% within two days and had a market cap of $33 million at its peak.
Popular Meme Coins To Invest In
The industry talk team at Cryptonews.com has taken the time to look at some of the best meme coin projects in the crypto space which actually have some utility and worth rather than just being pumped out for scammers quick bucks. Popular established names include Dogecoin, Shiba Inu, Dogelon Mars and Baby Doge Coin while newer but well-established competitors can also be found such as Loki Network or YAM Finance..
Warning For Investors
Altcoin Sherpa’s thread came with heavy warnings for investors – “meme coins are mostly rugs, do nothing productive, take 0 effort to make, and are mostly here for the biggest gamblers, degenerates, and plebs in the crypto space,” he said before adding that “the chances of you getting rugged in these meme games are very high”. A rug pull is when developers sell worthless tokens by making false promises so investors should always be cautious when investing in any kind of cryptocurrency including meme coins.
Conclusion
While there may be fast exponential gains potential with memes coin investments they should only be made after thorough research into the project itself as well as its track record so far – many will not survive past their first few months or weeks!