Re: As a Token Analyst, what type of coins do you trade the most?
⭐ Merited by Odohu (2)
Memecoins are a form of token and you can further regroup them into BSC, ETH or Solana Tokens based on their build.
If we have been paying attention recently, in the world of meme, Sol memecoins have been surging and in other context, exchange tokens too aren't left out for the scope, surprisingly $68B which is 3.2% of the entire crypto market is held by them. Token insight has given us an insight of the tokens that did well, which $BGB and $MX.
If we have been paying attention recently, in the world of meme, Sol memecoins have been surging and in other context, exchange tokens too aren't left out for the scope, surprisingly $68B which is 3.2% of the entire crypto market is held by them. Token insight has given us an insight of the tokens that did well, which $BGB and $MX.
Memecoins are good tokens to trade but you have to be careful when trading them as they're very volatile as traders mostly pump and dump them due to them not having any utility. Memecoin has done very well this year but they have also been the ones that are getting dumped the more when the market is crashing. I trade memecoins but I don't trade every memecoin that gets launched as I know there are many scammers launching their own memecoin and alot of them are just going to make you broke. I trade the big and popular memecoins and I trade them by buying when they crash and wait for a good news to sell them.
