Market

Can Meme Coins Make You Rich ? for KUCOIN:ELONUSDT by CountLikeWallStreet

Fox, While it is possible to make money investing in meme coins, this type of investment is incredibly risky and more similar to gambling than true investing. If you happen to buy and sell at precisely the right time, you could make a profit. It’s more likely, though, that you’ll lose all or most of the money you invest.

Let’s face it, Meme coins are a type of cryptocurrency, but there’s one major difference between cryptocurrencies like Dogecoin and Shiba Inu and currencies like Bitcoin and Ethereum , and it comes down to utility. Major cryptocurrencies like Bitcoin and Ethereum were developed to solve real-world problems. The goal is to eventually become widely accepted by merchants, creating a new form of decentralized currency and revolutionizing a variety of industries. Meme coins, on the other hand, serve no real-world purpose right now, and most of them were created as a way to make a quick buck.

Now that we know the whole story behind them, The above chart is my proposed speculation on how KUCOIN:ELONUSDT can behave.

You might ask yourself does EW work?

Here are some old forecasts on MEME coins that unfolded in one of the EW patterns.

if something unexpected to this proposed roadmap happens. I will let you know in the comment section.

Keep in mind this idea can be invalidated, you shall not take it as investment advice.

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button