There are always reports from crypto data specialists such as Lookonchain or Arkham that show how many investors were able to make millions in profits with memecoins. Now another one has been reported in which an investor made a profit of around USD 2 million with just USD 6,000. Find out how he achieved this and what we can learn from it in the following article!
Investor makes $2 million profit on Dogwifhat with just $6,000
The crypto data specialist Arkham Intelligence posted on his X channel that an investor with Dogwifhat has one impressive gain of 33,000% has achieved. He had already attracted attention through his memecoin investments and was now able to increase his profits even further.
Two months ago he made an investment of just $6,000 in the Solana-based memecoin Dogwifhat. In this way, two weeks after he was available, he was able to complete Acquire 2.6% of the total supply.
He then adjusted his strategy and started taking profits at certain points. In particular When Arkham became aware of him and reported on his high token sales, he sold a large portion.
Through these gradual sales he was able to acquire 9,140 SOL, which today worth $1.2 million have. On March 2nd, the trader still held 500,000 WIF tokens, which today $840,000 are equivalent to. With Dogwifhat’s market capitalization rising above the $1 billion threshold, he was able to achieve his Profit to more than $2 million increase.
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Choosing the right memecoins: Between fun and utility
Nowadays it is It has become easy for everyone to create their own cryptocurrency. The crypto sector of memecoins has become the most popular choice for beginners. Because they make no promise of value and can be created particularly quickly with a suitable website.
Due to the enormous return potential for the founders and investors, it is no wonder that the highest-yielding sector of memecoins is becoming a popular playground for risk-oriented investments has developed, which has one leg in the area of strategic gambling is located.
But you can too different purposes fulfill, such as the Trump Coinwhich of some like a kind of bet on the upcoming US election seen in November. Thus become Any trends are converted into coins and marketedalthough there are also meaningless variants where only a meme was chosen as the basis.
But even coins based purely on memes can still gain traction and rise enormously in price. This is on their so-called memetic value attributed to him by the positive response from the community receives.
However, there is also much more useful variants of memecoins. These only use the easier funding model, since with a cryptocurrency created purely for fun you have to worry less about securities law than with security tokens. This can also save you the enormous costs of legal advice and more.
That’s why diversifying with memecoins is worth it
As with other asset classes, it is always worth diversifying in the memecoin area. The meme token trader in question also had other coins like that Smog invested. This strategy is even more crucial when you consider the return potential compared to the risk.
Suppose we could do it like this trader, one Return of 33,900% to achieve. In this case we have to Find only 1 good memecoin among 339 so as not to record a loss. But some can also rise much steeper, as according to DEXTools Dogwifhat with 153,151,550% Pepe with 34,470,026% and HarryPotterObamaSonic10Inu with 7,554,736%.
This means that the Memecoin millionaire only took a small share of the profits that would have been possible. However, if you had invested in Dogwifhat at the beginning, you could have enjoyed a profit of just over USD 1 million with just USD 0.655.
However, many established memecoins can no longer rise that high. Because They already have a high market capitalization, so increasing them requires ever larger amounts. It can therefore be worthwhile for memecoin traders to get into a coin as early as possible.
Because most memecoins are more like shooting stars, which light up briefly and quickly burn out again. For this reason you should use the so-called Find stars among them and then ideally get in right from the startto get the maximum return potential.
You should qualitative memecoins choose which ideally as many of the as possible Due diligence criteria of institutional investors as in the case of the Avalanche Foundation and Binance Labs, which invest more than 100 million USD in this crypto sector. Some of the best new memecoins with utility and great potential are listed below.
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Scooty the AI
The Memecoin is an outstanding option Scotty the AI because he promises a new security standard in the age of artificial intelligence. The pioneer has been strong so far underrepresented area of Web3 online security specialized, which gives it a decisive developmental advantage. This is all the more crucial because some experts describe Web3 as the further development of the Internet.
Be offered groundbreaking AI solutions for various application areas. These include crypto transactions or an AI chat. Whales and institutional investors in particular receive the much-needed security in the face of exponentially growing AIs and their equally increasing threats. Overall, the watchdog meme is said to be the leading one Online security trademark become.
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Meme Kombat
The GameFi ecosystem from Meme Kombat stands out clearly from the memecoin market. For it combines, among other things, the most viral meme icons in just one coin in its fighting arena, which is based on the cult game Mortal Kombat. But not only the combined price potential, but also its useful business model has caused a large rush of investors.
Because Meme Kombat is dedicated to the exciting future market AI gaming. By using the most advanced artificial intelligence, players will never be bored again thanks to exceptional depth and constant variety. In addition, the project can therefore be essential develop faster, cheaper and of higher quality. The game will be listed and launched in less than 2 days.
Smog
The memecoin Smog was launched not quite a month ago and is already going strong Price increase of 9,225% recorded as well as only on a new all-time high yesterday educated. The project is driven by his uniquely motivating business modelwhich focuses on the community and also from the Recipe for success from the famous NFT collection Bored Ape Yacht Club was inspired.
Smog offers an exclusive Secret society of crypto experts, in which only the loyal chosen ones are accepted. In order for the candidates to make it into this highly sought-after club, they must first: Admission rituals be passed by those already completed over 800,000 became. This in turn improve the crucial crypto rankings and more. In return, supporters receive generous rewards.
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