Crypto Expert: Meme Coins Are the Best Cryptos To Invest in for 50x Gains Next Altcoin Season
Meme coins are the best cryptocurrencies to invest in if you want fast exponential gains, popular pseudonymous crypto expert Altcoin Sherpa explained in a recent Twitter thread.
According to Sherpa, meme coins can do something no “normal” coin like Bitcoin can do. That is to 500x in a matter of days.
Sherpa explains that 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”.
A recent example of this is the rapid surge in the price and market cap of a meme coin called pepe that was launched on Sunday.
By Tuesday, it was up 21,000% and reached a market cap of as much as $33 million.
Pepe is a token modeled on the internet meme of Pepe the Frog which is often associated with online trolling.
Altcoin Sherpa’s thread suggesting that meme coins are one of the easiest ways to generate exponential gains in crypto also came with a heavy dose of 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,” the account explained.
“The chances of you getting rugged in these meme games are very high and I don't really recommend it to many people,” he continued.
A rug pull is when a developer sells a worthless coin to the general public.
Investors are often scammed into buying said coins via false promises.
Crypto “degenerates” are broadly defined as investors who like/want to take large risks with their funds by investing highly speculative projects, normally without conducting much (or any) due diligence about what they are investing in.
While it is true that most meme coins are scams
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