💥##AEDON'T ALL-IN MEMECOIN AT THIS TIME###💥
- Looking at the memecoin capitalization table, in the top 100MC there are 9 memecoins.
🤔Many people say this season is the season of memes 👉 I don't deny it, but at this time saying allin is not a good idea.
- I also used to be a memecoin bull, especially $PEPE . In the late 2023 and early 2024 period, I hold about 70% of my portfolio in memecoins of all systems.
- REASON: At that time, looking at the pile of altcoins, the valuation was a bit high + the speed of launching new projects was too fast while memecoin was no longer mentioned by anyone. The time I started DCA $PEPE was around mid-December 2023, the capitalization was only 300m. I DCA and suffered losses for a long time from price 12 to price 8.
🤔What about now? Everyone believes that memecoin is the KEY of the market, everyone has conspiracy theories about memecoin.
👉 When the crowd pays too much attention, it is definitely not easy to eat even though it may still be delicious. Looking at this valuation with current market psychology, there is no motivation for me to spend money on memecoin.
💵💵💵In short, I swapped almost 80% of memecoins and only left a few memes I thought were potential, for example MEME, $BOME , MYRO,... and returned to technology coins.
If you are still interested in memecoin, you should choose items with a capitalization of less than 500 million and have not pumped strongly at the beginning of the year!
