Hey All,
We all know Meme coins are not to be taken seriously and investing in Meme coins is considered very risky. At any point they can turn into zero and vice-versa is also true. Where these Meme coins can jump 100% all of a sudden. In this post, I talk about my strategy with one of the Meme coins which is HUAHUA aka - The Cosmos Meme Coin.
My position in HUAHUA
I bought all these 3+ Mil HUAHUA tokens for almost $100+ and had staked all these tokens. Also the $100+ came in from my $EVMOS daily staking rewards. The intention here was just to try out a MEME coin and leverage some of my earning from the $EVMOS rewards. The current value of these 3+ Mil HUAHUA tokens is $300+.. No doubt I am currently making a good profit.
But apart from it, the daily staking rewards gets me close to $1+ of HUAHUA tokens that I swap once in a while for a good coin and in this case I started to accumulate $OSMO coin from all my earning from $HUAHUA Meme coin. Here is the snippet of my daily transactions, where $HUAHUA is being deposited and then swapped for $OSMO
So far, I am able to accumulate 7+ $OSMOS tokens and will continue to swap $HUAHUA for it on a daily basis. Therefore in this scenario of mine, a fixed investment of $100+ has started to yield me close to $1+ daily... not that bad isn't it?
I must admit the fact as well, that I got extremely lucky when I entered $HUAHUA. Within few days of buying the coin sky rocketed and because of the news of token burn and there was a point my whole investment in this coin became $700+...
Meme coins no doubt are risky but at the same time can turn out to be a good source of income. But then we should also be caution with the amount we invest. Invest what you can afford to loose so that you have no regrets, if things didn't churn out as you expected it out to play.
Please, note I am not recommending any Buy here. Just sharing my experience with $HUAHUA Meme token and how I am leveraging its earning into buying other tokens of my interest.
DYOR before buying in this - Chihuahua ($HUAHUA) - The Cosmos Meme Coin or any other Meme coin...
Image Courtesy:: ping.pub/chihuahua, osmosis, mintscan.io/chihuahua
Best Regards