Previously there was a phenomenon that meme coins (shit coins) are extremely risky. It is still partly true but what about the projects that have a definite use case.
Recently we have seen OM fall from $6 to nothing.
Likewise, we have seen one of the top 10 assets being compromised. SUI which has been seen as a potential alternative to SOL, got its biggest LP hacked.
In my personal view, meme coins are obviously more risky but can give you better returns in less time.
INJ, also known as sister of SOL, is taking on the charge slowly. The blockchain has yet be explored by a lot of people. Solana Blockchain has become so concentrated with meme coins that everyday hundreds and thousands of meme coins are being created just to rug pull.
I found an interesting meme coin on INJ blockchain called DogWifNunchucks (NINJA). The project is 3-4 years old. I invested 10 usd when the market cap was around 2 Million and forgot about it. Later I checked and found the meme coin (NINJA) at 26 Million Market cap. So I booked it 10usd to 130 usd that's a 13x return.
NINJA is now back in the discounted price range. I again Invested 50 usd at 3 Million Market cap and now that market cap is growing (currently 4.13 Million).
Don't waste this opportunity and do buy it with just a few bucks. Its a solid project and will surely give you high returns when the bull season peaks.
STILL DYOR!!!!
