Can you become a millionaire if you go hard in the paint with meme coins like Shiba Inu, Pepe Unchained, and Flockerz (FLOCK)? Possibly, yes. Many crypto traders have, including even beginning crypto investors who hit the right token at the right time in the market.
Can You Really Become A Millionaire With Meme Coins?
Here’s a quote from a June 2024 report republished on Nasdaq, the company that owns the Wall Street exchange for tech stocks like Apple, Google, and Facebook:
“Shiba Inu (CRYPTO: SHIB) minted some millionaires after its launch on Aug. 1, 2020. The meme coin, which was created as a light-hearted parody of Dogecoin, started trading at just $0.000000000056 per token.”
But many more have lost money buying junk tokens or quality meme currency, but during high tide in the currency markets. Needing their cash back out because they over-extended, they sold at a loss, or not knowing what to do next, they panicked and sold at a loss.
So knowing the right currencies and right time to buy tokens is crucial for crypto investors who want to become a millionaire by buying, selling, and trading meme coins.
Instead of hoping to luck into it, doing some research and thinking a little about what they’re doing helps more successful crypto traders to minimize risk and maximize profits so they can accumulate faster and reach their financial goals like becoming a millionaire, retiring early, or becoming a full time currency trader sooner.
How Two Jobless Brothers Became Meme Coin Multi-Millionaires
In April 2021, 11 months after the third Bitcoin halving on May 11, 2020 (a four-year event with an enormous impact on cryptocurrency markets), two basically unemployed brothers from Westchester, New York became multi-millionaires from their investment in Shiba Inu (SHIB).
Tommy and James, then 38 and 42, listened to a friend who was an expert in cryptos and told them he thought SHIB was a hot ticket.
“I kind of thought about bitcoin — that was once a fraction of a penny and now it’s tens of thousands of dollars, and this happens to people, it’s possible,” Tommy later told CNN after the brothers’ big meme coin caper got the attention of the news. “I trusted my friend and I figured if it went to zero, that’s OK. I thought of it as a lotto ticket that wouldn’t expire.”
First they put in $200 and told their mother and sister, who each put in $100. After the price went up 300% in a few weeks, everyone put in another $100. In total the family bought $8,000 worth of Shiba Inu tokens. The sizable investment ended up soaring to over $9 million in value on crypto exchange markets, creating life-changing money for this family.
Flockerz Taking Flight Upon Bitcoin’s Fourth Halving
We’re now five months after the fourth Bitcoin halving in 2024 and meme coin traders looking for another crypto like Shiba Inu have been buying Flockerz (FLOCK) at a special, pre-market price in its presale event.
Prices don’t fluctuate during the presale because FLOCK hasn’t been listed yet on crypto exchanges. Early backers are hoping this hot new meme token will deliver attractive returns once it’s listed on exchanges.
In addition to its Early Bird pool of presale tokens marked at very enticing low prices, FLOCK also offers staking for yield and a vote to earn feature that rewards users for voting on proposals in the FLOCK ecosystem.
Flockerz has already raised over $200,000 in presale in a matter of days and has all the makings of a meme coin success story. Crypto investors looking for value have an enormous appetite for presale coins like this.
