The Dangers of Influencers Promoting Meme Coins: The Dangerous Game of Pump and Dump.
In recent years, the boom of cryptocurrency and blockchain has brought many attractive investment opportunities. However, alongside that are concerning phenomena, especially the way influential figures exploit their fame to promote meme coins, creating a "pump and dump" effect (pushing prices up and then selling off). This not only causes financial losses for many inexperienced investors but also erodes trust in the cryptocurrency market.
Warning! Warning! ! $OM Market capitalization over: 7 billion dollars. Total capitalization over: 14 billion dollars (50% of tokens are still locked). Another blockchain that operates similarly is Polkadot. $Dot Market capitalization over: 7 billion dollars. Total capitalization: over 7 billion dollars. (All unlocked). Now let's compare a bit about these two blockchains from the same era. Both were launched in 2018. Looking at the founding team: Om: just generally speaking, these are experts in the blockchain field. No notable names at all. Very mysterious. Dot: is a team of highly qualified experts with advanced degrees. They come from Switzerland. Clearly recognizable names. Speaking of popularity and social recognition: I know much more about Polkadot and have no knowledge of OM until it surged in price dramatically over a long period. This is clearly a project with potential risks if you want to hold long-term. $OM $DOT
Since the cryptocurrency market began with the emergence of Bitcoin in 2009, this market has witnessed the explosion of thousands of different cryptocurrencies, collectively known as altcoins (alternative coins to Bitcoin). Especially in recent years, the massive emergence of meme coins (such as Dogecoin, Shiba Inu, and a series of coins based on internet cultural trends) has significantly changed the overall landscape of the market. However, the continuous listing of more and more altcoins and meme coins by exchanges has raised many questions about sustainability, risks, and the appeal of holding these coins long-term.
Hurry hurry hurry it's back. A good entry point #vvv
Mr Tra
--
Update! Update! #vvv Ae, how do you see it? Now, what do you think it will do? I will share my opinion. Please consider it. I think it will consolidate and continue to go up to test higher levels. So the reasonable entry point I suggest is Long: 6.05 - 6.1 I entered a bit higher and will buy a little more there. Take a look, good luck to everyone.
Update! Update! #vvv Ae, how do you see it? Now, what do you think it will do? I will share my opinion. Please consider it. I think it will consolidate and continue to go up to test higher levels. So the reasonable entry point I suggest is Long: 6.05 - 6.1 I entered a bit higher and will buy a little more there. Take a look, good luck to everyone.