Shiba Inu: $50
Pepe: $39
XRP: $200
LUNA: $732
Dogecoin: $2502
These numbers may sound appealing, but upon closer inspection, they lack a real foundation.
Why should you be cautious with these predictions?
Sources of predictions lack expertise
Many videos are posted by newcomers to the market, with basic knowledge and little practical experience. They often rely on intuition or rumors rather than in-depth analysis.Price volatility in cryptocurrency
The cryptocurrency market is known for its high volatility. The value of a coin depends not only on community interest but also on technical factors, real-world applications, and legal situations.Investment psychology of newcomers
Newcomers are often easily swept up in trends and invest in low-quality coins. They may not realize that some coins are no longer actively trading or that the projects behind them have failed.
Advice for new investors
Learn and research the market
Before investing in any cryptocurrency, take time to learn about the technology, real-world applications, and the development team behind the project.Be cautious of hype on social media
Not everything you see on social media is accurate. Evaluate information from reliable sources and compare it with actual data.Do not invest just because of community opinions
Investing should be based on thoroughly analyzed decisions, not on emotions or opinions from others.Invest within your financial means
Never put all your savings or borrow money to invest. The cryptocurrency market has potential, but the risks are significant.
Conclusion
Predictions about values like Shiba Inu reaching $50 or Dogecoin hitting $2502 in 2024 are very unlikely. As an investor, you need to maintain a clear mindset, avoiding being influenced by unfounded information. Equip yourself with knowledge and experience to protect your assets and make the most of opportunities in the cryptocurrency market.
DYOR! #Write2Win #Write&Earn $SHIB