I have been tempted to become a Shiba Inu multi-millionaire.
So far, I have resisted that temptation.
PS: One of the biggest movers the last couple of days has been “Smooth Love Potion.” 3.5 cents. Its up something like 80% in the last two days.
And to think....someone became a multi millionaire with that in the last two days. And its probably a damned joke.
I know some people who have made money in them, but I avoid meme coins like the plague.
There are 2 strategies that I believe are sound.
The first is the strategy I follow. I have taken a few fliers for smaller amounts on a few projects but mostly I stick to the top 10-15 and I invest fairly heavily in those. If you look over time they’re not that risky.
The other strategy is the one my friend follows. He invests a small amount in a lot of the small cap projects he believes in. Sure he has some get wiped out and he loses his whole investment in those. He has others however that really take off. As a whole his returns are good. But even he avoids the “s-coins”...ie doge, shiba inu etc etc.