- That's why in these times we really need to be smart as traders or investors, not just buying crypto assets randomly. I know many communities are gambling on meme coins because of the small capital they think can be thousands of dollars.
Given the fact that it is really possible to get a profit from meme coins but let's just remember that the risk that we can face in this matter is also really high.
Nothing good comes easy, and I believe this is fact all of us already know, the key thing to do is to always diversify, it's makes no sense to put all ones eggs inside on basket, this is an age long rule in crypto which I believe we all should know.
Alot of people made their very first profit from crypto investing in meme coin, and this is after they have lost money on several utility projects.
So, all depends on the approach of investors, if investors will learn to buy and diversify their investments in the right way, and also apply alot of patience, we all gonna make it at the end..
Memefi (to me) still remain a good investment, they are in partnership with the guys that built sui network, and I believe that Memefi is currently the biggest project on Sui, Memefi actually brought Sui to the limelight, and I believe that the guys behind Sui will ensure that they give Memefi the supports it needs to succeed, I see Memefi as a token that will not only reach, but surpass $1 some day, maybe it will happen in this cycle, no one can tell, but I have this conviction.