Three meme coins you need to be wary of before May to avoid the risk of market collapse
ApeCoin
ApeCoin, a token launched by the well-known NFT project Boring Ape Yacht Club (BAYC), has attracted much attention due to its close connection with NFT. However, the project's recent internal conflicts and reduced focus on the NFT field have led to a significant decline in investor interest.
Although ApeCoin once experienced rapid growth, it has now declined significantly, and the downward trend is expected to continue. Considering the decline in NFT market sentiment and the wavering of market confidence, investors should approach the token with caution.
Shiba Inu
Shiba Inu, the dog-themed digital currency, has emerged amid the frenzy of the cryptocurrency market in 2021. However, its growth relies mainly on speculative investment and hype rather than actual value or practical functionality.
With the arrival of the market adjustment period, investors have gradually reduced their reasons for holding Shiba Inu, which may further exacerbate its price decline. Therefore, investors should consider selling the token before May to reduce risk.
Bonk
As a meme coin that emerged during the market downturn, Bonk has attracted a lot of attention with the help of airdrops and a boom in new projects. However, its core value is limited to speculative trading and social media interaction, lacking innovation and practical value.
Faced with an increasingly saturated dog-themed meme coin market and bearish market sentiment, Bonk could face significant downward price pressure. Therefore, investors should carefully consider whether to continue holding the token before May.
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