History Suggests Bitcoin Will Be a Better Long-Term Investment Than Little-Known Meme Coins
Something interesting is happening in the crypto market right now. While Bitcoin (CRYPTO: BTC) is up 65% for the year, some popular meme coins are popping by even greater percentages. So far in 2024, Dogecoin (CRYPTO: DOGE) is up 85%, Shiba Inu (CRYPTO: SHIB) is up 147%, and little-known meme coin PEPE (CRYPTO: PEPE) is up nearly 1,000%.
It's starting to feel a lot like 2021, when the crypto market experienced its last major bout of meme coin mania. While it might be tempting to invest in those skyrocketing coins, history suggests that longtime sector stalwarts like Bitcoin will end up being better investments.
The primary problem with speculative meme coins is that they are built only for the short term. Yes, they can deliver dazzling returns over short periods, but when you zoom out and consider their performances over a longer horizon, the picture proves much less enticing.
Source Fool.com
