Is it safe to say community matters to get the best memecoins ?

[Namtech]

Personally, i do not follow memecoins as i’m less interested due to its high volatility but today i keep coming across post about this token $HOUSE on my timeline. I knew it was trending because its price surged, this happens all the time. Whenever a coin starts performing well, it starts trending but what made me got interested was when a friend told me he made over 10x I couldn’t believe it.

Seriously, I’m really tempted to start trading memes at this point because they seem to be eating good, the only problem is to find the best coin early but my friend told me he came across it on a crypto online community, do you think I should give it a shot ?

[taufik123]

Not just the community, but there are a lot of factors you need to look at if you want to get into memecoins, see how the developer is whether he really wants to build the project or not and the extent to which the dev is sacrificing his time for the community.

Then look at who is working with the project, there will usually be more KOLs working together and several market makers who make the market price better.

If the memecoin you choose doesn't have a good development, lazy developers and a small community, then there's no reason to choose it.

[Asiska02]

Seriously, I’m really tempted to start trading memes at this point because they seem to be eating good, the only problem is to find the best coin early but my friend told me he came across it on a crypto online community, do you think I should give it a shot ?

Memecoins are risky investments and if you’re not ready to take the risk, don’t invest in them. Your friend might be lucky in the one he came to know about and invested into, that may not be your case and you may lose big time while following in his footsteps. I am not trying to tell you not to give it a shot but I’m just been frank with you that Memecoins are like gambling and you must only risk what you can afford to lose because it’s not what you expect most big the time might be the outcome. You should try and do more research on the token and invest only what you can afford to lose because most may fail you but a few that will be in your favour may help you cover up for the losses you made in the other ones.

[Stompix]

Whenever a coin starts performing well, it starts trending but what made me got interested was when a friend told me he made over 10x I couldn’t believe it.

For every coin that dies a 10x there are one hundred that go to zero before you're able to sell.
There is no such thing as communities in meme coins, look how hamster kombat failed, look how cats and dogs are doing, from millions of players they are not even getting 100 interactions on twitter if you count out spammers.

[JoyMarsha]

If you are not among the early investors of memecoins, avoid investing in it because you will not be able to make as many profits as those who invested early.

Your friend came about the memecoins he invested on online community, that's his luck. Not everyone ends up lucky to find out about memecoins that is legit, without landing at a loss side.

You better stay out of investing in memecoins if I should advice. The risk that is involved in memecoins is what to avoid because it can make you gain or lose your money within few minutes. The profits can be enticing though but losses are something else you can easily get back

[SPOON_MOJO]

Memecoins are often ignored by me as well, however it's impossible to ignore God 10x. Indeed, the thrill always starts after the pump and by then it's rather late. it would be worthwhile to check those out if your friend discovered it early from a credible source, To test the waters I believe it's okay to attempt with a tiny amount but don't go all in, Who knows we might be able to capture the next one early.

[Stompix]

If you are not among the early investors of memecoins, avoid investing in it because you will not be able to make as many profits as those who invested early.
Your friend came about the memecoins he invested on online community, that's his luck. Not everyone ends up lucky to find out about memecoins that is legit, without landing at a loss side.

Already down 50% from the time OP posted this.
The thing with meme coins is that the moment too many know about it is the moment it will drop like a stone, as early bagholders and devs dropped everything on what tiny liquidity fome and spam have managed to attract, this is no different, the only way to win with emmecoins si to create your own.