The current crypto market situation shows a rather interesting picture:
1. Bitcoin (BTC) surged to $91k: This reflects the optimistic sentiment of the market, especially when BTC often plays the role of "leading" the trend. However, the failure of technology coins (altcoins) to recover shows that capital flows are still mainly focused on BTC, not evenly distributed.
2. Diversification in the meme coin market:
• Large-cap meme coins such as FLOKI, SLERF, BONK and DEGEN continue to hold a solid position thanks to community interest and high liquidity.
• New small meme coins (<span million USD) are often highly speculative, appearing and quickly disappearing. This is an opportunity for investors to accept high risks but also has a lot of potential for fraud.
3. Increased FOMO: With the sharp increase in BTC price and the bustling meme coin market, many new investors are easily swept up in the trend without considering the risks. This is fertile ground for scam projects to take advantage of.
Advice:
• Capital management: Newbies should only invest a small portion (small volume) to minimize risks.
• Research carefully: Learn carefully about the project before investing, especially with new coins that are not yet known.
• Control emotions: Don't let the "fear of missing out" (FOMO) mentality lead you. Put long-term benefits first.
The market can bring great opportunities, but it is also full of challenges and pitfalls. Stay alert and invest wisely!
