Recently, we found that Bitcoin and Ethereum have fallen sharply, but many meme coins appear to be quite stable, and even coins like SATS are still rising. There are two fundamental reasons why meme coins can continue to strengthen and create miracles repeatedly: low market value and high consensus.
1. Low market value: Low market value means that it is less difficult to rise and it is easy to be driven by market sentiment.
2. High consensus: meme coins have good liquidity, and most of them are freely traded in the market and are not easily manipulated maliciously. Once market sentiment is ignited, everyone buys frantically, and prices are easily raised.
We don’t have to buy meme coins, but we have to find the law from the phenomenon of meme coins. When buying altcoins, the first thing to consider is market value and liquidity. Coins with a market value that is not too high and good liquidity are potential investment options.
