3 Sub-$1M Memecoins Waiting to Print…Last One Could Make You Rich!
Low-cap memecoins can create nearly instant wealth or wipe out your speculative portfolio just as quickly. I'm adding 3 high-risk memecoins to my portfolio, hoping at least one takes off.
In mid-January, the Avalanche Foundation announced they would invest $100M in memecoins. In response, I FOMO'd and bought six Avalanche memecoins. I invested equal sums in five and 1/10 of the sum in the sixth. They went up for a couple of days, and then, before I knew it, I was down 70%. I continued holding because I invested in the narrative and felt that memes would pump again.
Recently, all six of these memecoins went on a run. In less than one week, I went from being significantly down to being up 100%! Unsurprisingly, the coin that massively outperformed the others did a 20X. Inconveniently, it was the one where I invested the lowest amount.
I learned a few things from this experience: 1) You can quickly make or lose a lot of money with memecoins. 2) If I am going to gamble, I should take all bets evenly. If I had invested the same amount in the 6th memecoin, my portfolio would have tripled instead of doubled, and 3) Low cap memecoins are probably the easiest and…
