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©Reuters. Successfully investing in memecoins: 3 tricks used by smart investors
In 1984, a famous commercial for Kit Kat chocolate bars aired in England, in which an up-and-coming young band plays their demo tape in front of a bored music executive. And after eating a bar, the manager says: “You can’t sing, you can’t play and you look awful… you’ll go a long way.”
In some ways, this is precisely the appeal of memecoins for smart and smart people. But don’t be fooled: smart investors are making a lot of money with useless memecoinsinevitably at the expense of decidedly less smart people and with bad timing.
PEPE is bringing memecoins back into fashion. Source: Twitter
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