You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!
I understand and understand what you are thinking, that memecoin can indeed make us rich easily because the pump that is carried out can reach x100 in the short term,
but if you insist on buying memecoin you obviously have to be able to manage the risk yourself, and I hope you don't invite people to buy memecoin.
IIf you think about it, it's the same as placing a bet or gambling on meme coins, pumping it on meme coins is a very difficult thing, even for doge even as the strongest meme coin on the market, we can't predict whether it will always be in its current position, and like shiba at this time has fallen far from the top 10 CMC.
You probably know that almost all new meme projects are coming out now. Do you think it is really risky? what effect do you think this could have for the bull market!
Well, I only see one which is Pepe coin that hits another market drama. Maybe there are some meme coins but they're not hyped which is why they just ignored. And asking if it was risky. Well, we have all know ever since that investing in altcoins is risky and much more than investing in hyped projects and those projects that don't have a use case. Yet, they are possible to rally during the bull season but as an investor, you should have to take extra caution from buying these coins as they are not known for their market sustainability, they will drop fast.
PEPE is quite interesting because it attracts attention and it pumps and there is no top influencer behind it to trade PEPE, but yes in terms of meme coins we have to really invest according to the money we can afford to lose, there is no utility in making excuses, they just a mere entertainment coin at first for the community.
That's right, and we have to understand the moment where we have to buy and sell quickly, otherwise people will be ahead of you.