CTP Content - Meme Coins : My Experience

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Hello All,

Hope you all are doing good and enjoying the life with your loved ones.

People try to take a lot of shortcuts to get rich and make quick money. Most of these are very risky and can turn either way. Lot of people invest in Crypto because of fluctuation and lucrative gains. A lot of people do harvest the gains and most of them end up loosing the money. As i said earlier, its very volatile and can either progress in positive or negative direction very rapidly.

One very popular method these days is investing in Meme Coins. Meme coins were just meme till a few month ago but after Elon Musk's mention of Doge coin, Meme coins is a serious business now.

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A lot people were not aware of Doge coin before Elon mentioned it but as soon as he mentioned it, Doge was a star and there was a FOMO in the market. Everyone wanted to buy it and with more buying, the price was increasing rapidly.

FOMO play a big role in price rise as this is one of the main factor. A few weeks later everything settled but looks like the price did not came much down.

I earned a lot of Doge coins from faucets and i never bothered about them, as soon i heard about the price rise I wanted to sell them to make a gain but unfortunately the site where I kept them closed and I lost all of the coins :-(

Shortly after Doge rise, there was another coin launch in the market which is called the Doge coin killer - Shibu Coin. This was another Meme coin. When this coin was launched, it was very cheap and I decided to try my luck. But this time as i was investing some money i wanted to go for a trusted name so I created an account on Binance and bought Shibu Coin from there, I did not invest a big amount as i was not too sure. I wanted to invest amount that i knew i can bear to loose.

Today I was happy to see the price of this coin rising more than 45% :-)

I think i made the right decision but then you also start to think if you should have invested more. But i guess that's ok as i had peace of mind and did not had the fear of loosing big money either.

Have you invested in any meme coin and what was your experience like? Please comment.

This is it for today guys!!See you tomorrow with another post and another topic.

This is my day 29 of this challenge.

#ctpcontent


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