Memecoin is something I will not advise anyone to get into because it’s a huge risk not worth taking at all. Except you are one of the early investors in the memecoin, in memecoin you can make a huge profit within a short amount of time and also lose it, you just have to be very lucky, and that is a characteristic of gambling. When memecoins were making waves on the Binance chain, Ethereum chain and arbitrum chain. Suddenly, the Solana chain started making waves as a lot of memecoins were launching on the chain. Lots of memecoins launched and have gotten a huge market cap on the Solana chain.
More blockchains have also gotten memecoins launch on their chains, like the Ton chain, the Hedera chain and co, but due to my disinterest in memecoin I didn’t care to get involved. Yesterday I started seeing posts about tron memecoin circulating. Turns out that Justin Sun had launched a tron meme pump fun platform where people can come, launch memecoins and trade them. Which is quite new, it was tempting to get involved because it’s quite early, but I wouldn’t advise anyone to get involved. It’s pure gambling, lots of memecoins get launched every hour, there is no guarantee that you will make profit if you invest.
In my experience in crypto, looking for a utility token, or project is quite better than memecoins. With memecoins you are putting your money into something that has more probability to rug than pump.
