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The Goal of Memecoins is to Buy Early

Written By: ChartChamp

November 18, 2024

GOAT, PNUT, and SPX are all great examples of memecoins that have gained adoption and experienced strong rallies. The goal is to buy into these memecoins early, not after they already have experienced strong rallies. It’s possible for memes like PNUT to grow as large as SHIB and PEPE, but really most of the money is made buying into great memecoins within hours or days of their launch. SPX provides a great example of the risk of buying late, with a strong selloff that leads to money lost from buying near the top.

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