The Meme market is undergoing an adjustment:
Previously, the Meme has been a market leader but is now experiencing a pullback. Even though Elon Musk has posted several Memes on Twitter, these projects have shown a trend of rising followed by a crash. Even with Musk personally involved, there hasn't been a standout performer, indicating that the meme market is fading.
If there’s no narrative on-chain, it’s essential to find high positions to cash out; don’t harbor illusions! In the end, the Meme will be a mess, and only a few with strong communities and narrative capabilities will survive.
So what should we do next? What coins to buy?
Look at the trend: For example, Doge has Musk promoting it wildly, and the market is speculating, so there’s a continuous influx of traffic and funds, naturally causing Doge to rise.
Examine the project community’s team operations: the ability to actively create narratives and push on-chain, similar to the recent listing of Neiro on Binance. Also, check for strong market makers: having these conditions greatly increases potential, as the hype of any project depends on traffic and funds.
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