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There was a time when crypto market was all about narratives and use cases but now we see that even the most useless coin from the market gets pumped by more than ten times, some even one hundred times, and they literally do not have any use case at all. What does that really tell us about the market? On one hand, the market has got mature, but on the other hand the whales have also learned exactly where the retail investors, or most of the small-scale investors, put their money.
Anyone who is new to the market, be it you or me, will naturally look for projects with good use cases, solid narratives, strong future plans and roadmaps, and then invest money there. No one would willingly invest in a project that is baseless and useless. But whales are known for pumping those exact types of coins, especially from Pump.fun and other platforms, where the meme coin era really started.
I think the meme era truly began back in the last bull cycle when Shiba Inu was launched, but this cycle feels completely different. We have seen tons of meme coins pumping like crazy, and it is the whales behind all those pumps.
Because of this, new people entering the market come with the mindset of chasing meme coins after hearing stories about tokens doing one hundred times. I have personally met people who say they want to invest one hundred dollars into one hundred different meme coins, hoping that if even one of them does one thousand times, they will get rich. But I honestly think this is not the correct way to approach the market.
Yes, meme coins are known for giving one hundred times or more returns, but they are also extremely risky. They can put you in a place where you regret for life and maybe even get depressed for losing your hard-earned money. The better strategy is to prepare yourself for realistic projects with realistic targets. I often talk about these things in my blogs.
The realistic projects are those that are really solving problems in the world. Projects like Polkadot, Solana, or BNB , they have established themselves through actual work, not just hype or fake pumps controlled by whales. These are the kinds of projects where you can aim for three times, four times, or five times returns and still be happy because at least you are not losing your money to something completely useless.
If you still want to experiment with meme or useless coins, then fine, but please do not make it your main strategy. Keep it limited to 5% of your portfolio, maybe 10% maximum, and put the rest 90% into good projects with strong use cases. That way, even if the gamble fails, you will not lose everything.
So, what are your thoughts about chasing these useless coins for one thousand times dreams? Share with me in the comments below.
Thank you and happy trading everyone.
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