Every day, thousands of memecoins are being launched, of which 95% are scams. As a result, many people are falling victim to scams, especially newcomers who lack proper knowledge & experience.
Newbies are joining crypto and getting scammed by these scammers, leading them to blame crypto as a whole.
While some memecoins are tarnishing the reputation, others are experiencing significant gains of 100/1000x, earning a great reputation.
Personally speaking, I think for newcomers, it's best to steer clear of memecoins. However, if they still wish to get involved, they should consider investing in memecoins listed on reputable exchanges, even if it means making comparatively less profit.
In my case, I follow Bitget's memezone. Here, projects might not be listed from the very beginning but they're mostly in early stages.
Unlike DEX, there's no need to worry about being unable to sell or the IP being removed. What's your perspective here?