Post
Topic
Board Altcoin Discussion
Re: Meme Coins Resembling Lotteries in the Crypto Space
by
naira
on 29/05/2024, 12:03:51 UTC
Meme coins thrive on speculation and hype,their prices are driven more by sentiment and social media trends than by fundamental value.
I've been reflecting on my approach to meme coins, and it's become clear to me that their hype-driven nature has become my guiding principle. Essentially, it's become a case of "follow the money" - whichever coin has the biggest marketing budget, that's the one I invest in, aiming for quick gains. It's a rather blunt strategy, but it's yielded results.

You already know that meme coins are like gambling but still dare to invest, maybe you need to remember that meme coins only at certain moments steal the market's attention but the time period is short, ATH bitcoin -> eth -> altseason + meme coins and that's not all meme coins. So you need to understand the 3 categories of high, medium and low market capitalization. From these 3 categories, allocate according to calculations but with risks that must be well understood too. If you put everything in one basket, there is no guarantee you will make a profit. It doesn't matter if you put money into meme coins, but in volatile trading you have to think realistically.