Hello, Guys 🤗. A small reminder for you all.
Whenever you see a Crypto currencies that has being giving you like 70% or 80% or 90% 📈, be aware of such coins or currency, mostly I'm talking mostly about the Meme Coins. Below are the reasons 👇:
Meme Coins are heavenly influenced by Social Media , trends, Celebrity, YouTubers. So, they can move rapidly in market because of being greatly influenced by Social Media , Celebrity or YouTubers. However, these rapid increases of price may not be permanent sometimes , soon the prices will fall down sometimes loosing many new investors money.
Not only that , Since meme coins usually start with small market caps, it doesn’t take much to push the price up or down by high percentages.