🚀👉If your portfolio resembles this, it might be time to reassess 👌👌👌
Investment 1 - $WIF
Investment 2 - $PEPE
Investment 3 - $MEME
Investment 4- $DOGE
Investment 5 - $SHIB
Investment 6 - $BONK
Many individuals, especially newcomers, are inclined to allocate their entire capital into portfolios like this.
MEME coins can be tempting 💯
They are often viewed as a swift method to turn $100 into $1000 in cryptocurrency.
Certain MEME coins can even surge from $100 to $3.8 in merely 2 hours.
However, as a crypto trader and investor, diversification is paramount.
MEME coins are precarious due to their extreme volatility and susceptibility to external influence.
For instance, just the other day (on Saturday), I observed a group of influencers hyping up a MEME coin to their followers. Within 12 hours, the coin's value skyrocketed from $186K to over $1.5M in market cap.
Nevertheless, it swiftly plummeted back to a $389K market cap.
All of this unfolded within a mere 24 hours. Once the influencers cashed out their profits, they ceased promoting the coin.🤑
They pocketed substantial profits and left their followers in a precarious position.
Thus, it's prudent not to construct a portfolio solely comprised of MEME coins, or have 80% - 90% of your investments in them.😀
Instead, contemplate these strategies:
- Allocate 20% - 30% of your capital into MEME coins.
- Dedicate 30% - 65% into promising projects with modest market caps.
- Utilize the remaining percentage to invest in top projects such as Solana, Ethereum, and others.
We trust you found this guidance insightful, educational, and entertaining!🎉🔥🔥