@cmoneyspinner 12 November 2023 more from that month

CCFCN: Investing in Meme Coins (A Quick Follow Up)

About a year ago I published an article titled **CCFCN: Are Meme Coins a Risky Investment? YES!** https://read.cash/@cmoneyspinner/ccfcn-are-meme-coins-a-risky-investment-yes-b44266aa According to an article published September 12, 2023 by  ****CoinGape****, there are 340 meme coins as of 2023 and it was predicted that 3 meme coins would likely explode in 2023: https://coingape.com/blog/meme-coins-that-will-explode/ **Milady Meme Coin (LADYS) [****https://twitter.com/miladymemecoin****]** **Evil Pepe Coin (EVILPEPE) [no social media account like twitter]** **Shiba Inu (SHIB) [****https://twitter.com/Shibtoken****]**

My research convinced me to stay far away from meme coins. I convinced myself a year ago and I have NOT changed my mind. If you are thinking about investing in meme coins, make sure that you: **Meme coins often lack the practical use cases and real-world applications; and projects don't have a long-term development plan or clear roadmap.** **Look into the team behind the project, their experience, and the project’s roadmap.** **Find a reliable information source that helps you stay up-to-date on the latest news and developments in the cryptocurrency space.** **Beware of Pump and Dump Schemes:** ***Some meme coins may experience rapid price increases due to coordinated efforts (pumping) followed by a sharp decline (dumping).*** Are you investing in meme coins? I don't want to miss out because of me being ignorant and stubborn. Perhaps you can persuade me that meme coins are worthy of serious consideration. ***Thanks for sharing your insights and experience.***