Hey All,
There is a saying in financial market - Stay Away from PENNY STOCKS And I guess the same stands true for the Meme Coins in Crypto Market. No doubt that MEME coins has the potential to make one rich quickly maybe a crypto millionaire if the coin rallies to 100x or even more. But then the question remains - How much one CAN Rely on #MEME Coins??? In this blog post, I did like to share my story with Chihuahua ($HUAHUA) - The Cosmos Meme Coin when it was up 100% - I decided to exit and then later on went into investing a coin which has some use cases to solve and as matter of fact has a product too.
This is where I exited Chihuahua ($HUAHUA) I had staked nearly 4+ million Chihuahua ($HUAHUA) tokens to earn a respectable amount of #HUAHUA tokens, which I regularly swapped for a stable coin. How did I end up investing in this meme coin? It began with a $50 investment, funded by my $EVMOS staking rewards. Initially purchasing over 4 million #HUAHUA tokens for around $80, I had staked all of them.
Long story short when the price of #HUAHUA spiked I decided to exit and book a decent profit. Selling all the 4+ Million coins got me around $1.5K+ dollars and that I had swapped it for #AKASH Network token #AKT. I also did a post around it talking about the same - Investing in Akash Network #AKT Token - My StrategyAhead.... And here we are today where #HUAHUA is back to where it started from or even at lower prices. Now if I were to swap all the AKT tokens that I have today it would get more more 2+ Million more #HUAHUA tokens.
But the bitter truth is that I am not going to do so as I have already shifted to a better option which is #AKT. Hence the point is that if you are making a decent profit by #HOLDING a meme coin then the best option is to book profits and swap it for a stable or a better coin. Like in my case I decided to swap it for #AKT. No matter what #AKT is not going to be ZERO but whereas #MEME coins can at any point reach to Zero value. I remember that after I exited #HUAHUA did spike more and I was regretting my decision but somewhere I knew that since this a meme coin its going to come back to a price where it deserves it cannot just keep rising for no reason. Anyways this was my story - where I decided to book profits from a meme coin and invested all the money in a project which is solving a problem or has a working product and it was none other than AKASH NETWORK token #AKT.... cheers
Have your say on - Chihuahua ($HUAHUA) - The Cosmos Meme Coin - CAN one Rely on #MEME Coins???
Please, note I am not recommending any Buy here. Just sharing my experience with $HUAHUA Meme token and how I am leveraging its earning into buying other tokens of my interest or rather restaking it to further increase my stake in $HUAHUA Meme token.
DYOR before buying in this - Chihuahua ($HUAHUA) - The Cosmos Meme Coin or any other Meme coin...
#meme #coins #passive #staking #defi #chihuahua #cosmos #huahua #akash #akt #network #crypto
How much one CAN Rely on #MEME Coins??? My Story with #HUAHUA exited And booked decent profits...
Image Courtesy:: keplr, burn.chihuahua.wtf, cosmos, coingecko
Best Regards
PS:- None of the above is a FINANCIAL Advice. Please DYOR; Do your own research. I've an interest in Blockchain & Cryptos and have been investing in many emerging projects..cheers