Post
Topic
Board Altcoin Discussion
Re: Diversify memecoin investments?
by
poodle63
on 26/05/2024, 14:44:55 UTC
diversifying meme coin does make sense but if you take into account the volatility, then it is even more urgent, the diversification example that you wrote below seems a lot more safer than just
putting the whole 1k to just one meme coin, who knows some of the meme coin you mentioned below by profit alone could surpass the profit from putting entire 1k into just one meme coin knowing that some of meme coin you mentione have lower market capital.

Memecoins are crazy in the sense the price goes wild anytime and generally there are cycle of rise and fall between different meme coins. Fundamentally meme coins are not much different from each other and the only thing that makes them valuable is trust and popularity. In my opinion, if you have to invest 1000 euro on meme coins, it's best to invest 100 euro each on top 10 meme coins by volume in last 7 days. It's what determines what people are buying. You just need to happen and one of them would keep rising multiple times now and than.
yeah the craziness of meme coin volatility makes it more logical to just diversify it, some of these meme coin have behaviour of suiddenly shooting up in prices.
making diversifying a lot more worth it, since its different thing altogether if compared with altcoin investment.