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If your portfolio is primarily made up of these investments, you might want to reconsider your strategy ❌❌❌❌
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Investment 1 - $WIF
Investment 2 - $PEPE
Investment 3 - $MEME
Investment 4 - $DOGE
Investment 5 - $SHIB
Investment 6 - $BONK
Many, especially newcomers, tend to put all their resources into
MEME coins can be appealing 💯
They offer a quick path from $100 to $1000 in the world of cryptocurrency
But, they're also a swift way to see your investment drop from $100 to $3.8 within a couple of hours
As a savvy crypto trader or investor, embracing diversification is key
MEME coins are highly volatile and susceptible to manipulation
Just a few days ago, on Saturday, a coordinated effort by certain influencers pumped a meme coin from a $186K market cap to over $1.5M in just 12 hours
Following the peak, the coin crashed to a $389K market cap
This entire cycle unfolded within 24 hours, leaving followers in the lurch as the influencers ceased their promotions post-dump, having profited at the expense of their audience
Avoid heavily loading your portfolio with meme coins; a portfolio where 80% - 90% are meme coins is highly risky
Consider this approach instead:
- Target solid projects with a low market cap
- Allocate 20% - 30% of your capital to meme coins for the thrill and potential quick gains
- Invest 30% - 65% of your capital in low market cap hidden gems
- Place the remainder in established projects like Solana, Ethereum, and others
We hope you find this information