Hey All,
Without a doubt Meme coins investment is considered dangerous as they can get to ZERO in value at any time. At the same time, if your timing is correct the investment into the right Meme coins can get you 100x and even more than that. But the point is can the Meme Coins - get you Passive Income? In this post, I talk about my strategy with one of the Meme coins which is HUAHUA aka - The Cosmos Meme Coin.
My current position in HUAHUA - Meme Coin
As of now this $HUAHUA is only the meme coin that I am invested in. And as seen from the above image my current investment here is almost touching $500 mark. I started with investing with $100 and all this income came by the $EVMOS staking rewards. I had bought 3+ Mil HUAHUA tokens for almost $100+ and had staked all these tokens. Till date, I have not taken out a single penny and all the rewards are staked back which is giving s decent APR. The intention here was just to try out a MEME coin and leverage some of my earning from the $EVMOS rewards. No doubt I am currently making a good profit. But the main point is also that Meme coins can get you passive income as well. Right, now if you see, I already have worth $12+ worth of $HUAHUA to claim or swapped for a stable coin. But what I instead do is keep on accumulating to enhance my stake.. HODL & Just keep on staking is the strategy at the moment for this Meme coin $HUAHUA of Cosmos Blockchain.
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 or rather restaking it to further increase my stake in $HUAHUA Meme token.
DYOR before buying in this - Chihuahua ($HUAHUA) - The Cosmos Meme Coin or any other Meme coin...
#meme #coins #passive #staking #defi #chihuahua #cosmos #huahua
Meme Coins - Can they get you Passive Income?
Best Regards
Image Credits:: ping.pub/chihuahua, osmosis, mintscan.io/chihuahua