S24: meme token: the harder they fall!

the harder they fall!

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MEME TOKEN

My curious question is this: how do people make that life changing $250 to $1m kinda gains, i have tried so many times and it still wasnt it. because when i hear meme coin or token, what i hear is

1. Scam

2. Scam

3. Scam

4. they are here to collect my money

5. Scam

but are they really scam? Doge coin started as a project to mock bitcoin and now did miracles. How do you chop legit meme tokens.

most meme coin that breaks the market are built on ETHEREUM NETWORK

what then is meme token?

someone called it community token, driven by hype and amusement of the hodlers until they are done with the party. but are all projects not driven by community?

How does the community of meme token works?

there are different groups in the cryptocurrency space, to the number of thousands in not millions existing to do different things. for example BwB can be called a group that educate on cryptocurrency matters. i for one person in a few other groups, some for trading crypto assets, some for getting news and so on.

when a meme founder launches a meme token, he or she is expected to do 3 things

1. get a community that will buy into it

2. get the media to talk about it

3. get testimonies on it

4. get people to make a hell of hype about it. "this is where you hear 'to the moon' "

meme have a misconception view point, you believe when the price hits $1, you will be a millionaire, it won't ever get to $1. but why?

1. the supply is outrageously high, some are 420billion, some are 5trillion.

2. the starting price is $0 and when it goes up as high as 6000%, it is still $0

whisper: someone said meme is how the rich pay their taxes.

meme token is gambling

Risk of meme coins

1. you will lose your money

2. gas fee is always high

3. you risk malicious attack

How should you buy meme coins

1. don't put what you can't afford to lose

2. don't have faith in it but keep it safe (if you must buy)

3. use a new wallet separate from your existing wallet