Discover How To Transform $1,000 Into $100,000, According to Dogecoin Creator
Meme coins such as Floki Inu and BONE are currently being seen as a lucrative investment opportunity, with returns of over 8% seen over the past week. An investor has even made $1.14 million in just four days on a $251 investment in PEPE coin, and an MEV robot gained around $1.5 million through trading PEPE trading pairs. However, meme coins are considered risky investments, with exponential rallies being infrequent and not sustainable in the long term. Dogecoin founder Billy Markus has advised against investing in either memecoins or NFTs, stating that they aren’t dependable or a way to turn a $1,000 investment into $100,000. These assets are often hit hardest in bear markets and have seen cases of rug-pulls and scams. As such, investors advised to be cautious when allocating funds towards these assets and to play it safe in order to protect their money.