If your portfolio resembles this, then you might be missing the mark โโโโ
Investment 1 - $WIF
Investment 2 - $PEPE
Investment 3 - $MEME
Investment 4- $DOGE
Investment 5 - $SHIB
Investment 6 - $BONK
Many people, especially newcomers, tend to put all their money into meme coins like these. While meme coins can offer quick gains, they come with risks.
Meme coins are popular and can turn $100 into $1000 or even $3.8 in just two hours, but they're also highly volatile and susceptible to manipulation.
Recently, I witnessed influencers promoting a meme coin that saw its market cap soar from $186K to over $1.5M within 12 hours. However, shortly after reaching its peak, the same coin plummeted to a $389K market cap.
These influencers likely profited from the surge and left their followers holding the bag.
So, it's essential not to build a portfolio solely around meme coins, as they can make up 80% to 90% of your holdings. Instead, consider diversifying:
- Allocate 20% to 30% of your capital to meme coins.
- Invest 30% to 65% into low market cap gems.
- Devote the remaining percentage to top projects like Solana, Ethereum, and others.
We hope you found this advice helpful, educational, and entertaining!
