The month of October up to December has been historically marked as the meme coins months. This is because most meme coins have been observed to perform so well during these months and often rose to new all-time highs. The massive surge witnessed on the two most popular meme coins such as Shiba Inu and Dogecoin during the Second week of October up to the first week of November had got many investors asking if this is the right time to buy Shiba Inu?
Can Shiba Inu outperform other big eyes coins in the market during these months? Are meme coins the best investment for investors during this period? This work will help you get more insights into these pressing questions. You will also learn from this work the advantages and disadvantages of investing in meme coins as well as the list of best crypto exchanges for buying meme coins in case you are thinking of doing so today.
What is a meme coin?
Meme coins are popular crypto projects with no intrinsic value but are usually created as fun. Some meme coins are designed to ridicule the operations in the crypto market which investors find ridiculously insane.
Can Shiba Inu outperform other big eyes coins in 2022?
The massive surge in the price of Shiba Inu during the second week of October up to the first week of November has raised many concerns over this coin. Many investors have been asking questions if Shiba Inu is currently set to revisit its all-time high during this meme coin season. The major concern for investors regarding this coin is to ascertain if Shiba Inu can outperform other Big eyes coins in the market including Bitcoin, Ethereum, Cardano, and other major altcoins.
While Shiba Inu performed very well during this same time last year in 2021 during the meme coin season. Is this enough reason to conclude that this coin will perform wonders again during this year’s meme coin season?
One important point to note about the performance of meme coins during the previous meme coins seasons is that meme coins only flourished during the bullish season. This means they are subject to the crypto cycles as well. Currently, the crypto market is in a big bear season and this will likely affect the performance of meme coins during this period. Can Shiba Inu become an exception to this?
List of the most popular meme coins to buy today
List of best crypto exchanges to buy the meme coins
Are meme coins good Investment packages?
Meme coin investments have become one of the most popular investment packages today. Many investors have been attracted to buying meme coins based on the fact that they often offered good returns over time as more investors come into the project. However, the fact that most meme coins do not have a maximum supply has increased the risks involved in investing in meme coins today. Investors are expected to consider the risk involved before deciding to invest in meme coins today.
Advantages of trading meme coins
- Helps the trader to diversify his portfolio.
- Often yields high returns when successful.
- Serves as a hedge against inflations.
Disadvantages of trading meme coins
- Often subject to pump and dump practices
- Most meme coins do not have a maximum supply.
- Meme coins are a risky investment.