AmmarUsSalam
IM A UK QUALIFIED ENTREPRENEUR WORKING IN CRYPTO ,WEB3,BLOCKCHAIN , DFI, DEX, DAPP etc.
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MEME VS NFT WHICH ONE BETTER ?
NFT offer unique digital ownership, meme coins are community driven , volatile investment .
The question weather NFT Vs meme coin which one better to hold depends heavily on your investment goals , risk tolerance and markets understating.
There is no universal better option both are highly speculative
Assets with very different characteristics.
Meme coins e.g $DOGE $SHIB $PEPE , trump etc
"PROS" :
Highly volatile and potential for explosive gains e.g doge's rally 2021.
Strong community and social media hype can drive rapid price surges.
Low entry cost can buy fraction of coins for pennies .
Easy to trade on most exchanges .
"CONS":
No intrinsic value , value comes from hype and speculation.
Extremely high risk most meme coins crashed near zero
Susceptible to pump and dump scheme .
No utility or long term road map.
NFT non fungible tokens e.g crypto punks , bored ape yacht club
"PROS":
Owner ship of a unique digital asset. Proven scarcity and authenticity via block chain .
Potential for long term value if the collection has cultural and community value .
Utility in some case e.g access to events , merchandise and metaverse spaces .
Collectibles like digital art or trading cards.
"CONS":
Market is over saturated many NFT's have zero 0 value
High fees and gas cost during creation and sale
Price extremely speculative. Value drops fast fall when hype fades.
Liquidity issues hard to sell some NFTs at profit .
Not all NFT' s have value many are purely hype driven.
CONCLUSION.
Diversify: If you do must invest then do so in small amounts across both .
Do your own research avoid FOMO fears of missing out
Look for utility , community and real use cases not just cute image or ticker name .
Consider DCA dollar cost average to reduce market timing risk.
BOTTOM LINE NEITHER IS BETTER FOR INVESTMENT BOTHE ARE SPECULATIVE.
If you holding either long time your best chance is betting on rare, culturally significant asset with strong community e.g bayc, crypto punks , top tier meme coins all else is gambling.
#Megadrop #meme板块关注热点 #MemeCoinMarket #NFTDreams #NFT
The question weather NFT Vs meme coin which one better to hold depends heavily on your investment goals , risk tolerance and markets understating.
There is no universal better option both are highly speculative
Assets with very different characteristics.
Meme coins e.g $DOGE $SHIB $PEPE , trump etc
"PROS" :
Highly volatile and potential for explosive gains e.g doge's rally 2021.
Strong community and social media hype can drive rapid price surges.
Low entry cost can buy fraction of coins for pennies .
Easy to trade on most exchanges .
"CONS":
No intrinsic value , value comes from hype and speculation.
Extremely high risk most meme coins crashed near zero
Susceptible to pump and dump scheme .
No utility or long term road map.
NFT non fungible tokens e.g crypto punks , bored ape yacht club
"PROS":
Owner ship of a unique digital asset. Proven scarcity and authenticity via block chain .
Potential for long term value if the collection has cultural and community value .
Utility in some case e.g access to events , merchandise and metaverse spaces .
Collectibles like digital art or trading cards.
"CONS":
Market is over saturated many NFT's have zero 0 value
High fees and gas cost during creation and sale
Price extremely speculative. Value drops fast fall when hype fades.
Liquidity issues hard to sell some NFTs at profit .
Not all NFT' s have value many are purely hype driven.
CONCLUSION.
Diversify: If you do must invest then do so in small amounts across both .
Do your own research avoid FOMO fears of missing out
Look for utility , community and real use cases not just cute image or ticker name .
Consider DCA dollar cost average to reduce market timing risk.
BOTTOM LINE NEITHER IS BETTER FOR INVESTMENT BOTHE ARE SPECULATIVE.
If you holding either long time your best chance is betting on rare, culturally significant asset with strong community e.g bayc, crypto punks , top tier meme coins all else is gambling.
#Megadrop #meme板块关注热点 #MemeCoinMarket #NFTDreams #NFT
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