When you see the surge in pepe and other currencies and the crazy ups and downs of bome, you may expect to make huge profits in a short period of time through large positions fomo (chasing hot spots), thinking that this is the norm of meme. But please allow me to remind you that there are often risks behind such market fluctuations.
Looking back at some past cases, we can find that:
$PEPE After being listed on Binance in May last year, it once reached a temporary high point, but then its market value fell by 85% in just a few months. It was not until February this year that it began to rebound strongly, with the highest market value reaching 7 billion.
$BITCOIN (Harry Potter theme coin) fell from 8 million to 700,000 last year, a drop of more than 90%, but then it reversed and its highest market value rose to 250 million. Now it is stable at around 100 million.
$MOG's trend was even more tortuous. Last year, it plummeted from a high of 25 million to 3 million, then rebounded to 35 million, but fell again to 7 million. It was only this year that a strong reversal occurred, and the market value was close to 700 million.
$JOE Last year's decline was even more astonishing, from a high of 35 million to only 600,000, a drop of more than 95%. Although it has rebounded this year, rising to a high of 40 million, it has now fallen back to between 15 million and 20 million. Investing in memes is not always easy to get a hundredfold or a thousandfold return. It is only a lucky story for a few people to be able to make great strides after buying. In this market, there is no decline like that of altcoins and VC coins, which seem stable but actually hide huge risks. If you are not willing to bear a 90% plunge in a short period of time, countless negative information and the risk of returning to zero, then if you want to get a hundredfold or a thousandfold return, I am afraid you can only hope that you are the lucky chosen one. #pepe #bome $BOME
