Exciting Announcement! 💥💥
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If your portfolio resembles this, then you might be overlooking crucial aspects ❌❌❌❌
Investment 1 - $WIF
Investment 2 - $PEPE
Investment 3 - $MEME
Investment 4- $DOGE
Investment 5 - $SHIB
Investment 6 - $BONK
Many individuals, particularly newcomers, allocate their entire investment into MEME coins.
MEME coins undoubtedly have their merits 💯
MEME coins offer a swift route from $100 to $1000 in cryptocurrency.
MEME coins can also escalate from $100 to $3.8 within a mere 2 hours in cryptocurrency.
However, as a seasoned crypto trader and investor, it's vital to embrace diversification.
MEME coins exhibit high volatility and are susceptible to manipulation.
Just recently (on Saturday), I witnessed a group of influencers endorse a MEME coin to their followers. Within 12 hours, this MEME coin surged from a market cap of $186K to over $1.5M.
However, following this surge, the same MEME coin experienced a rapid downturn, plummeting back to a market cap of $389K.
Remarkably, this sequence unfolded within a 24-hour span. Post-dump, the influencers ceased promoting the MEME coin.
The outcome?
They reaped substantial profits, exploiting their followers as an exit strategy.
Hence, it's imperative to refrain from constructing a portfolio solely composed of MEME coins or allocating 80% - 90% of your holdings/portfolio into MEME coins.
Instead, consider the following approach:
Opt for solid projects with low market caps.
Allocate 20% - 30% of your capital into MEME coins.
Dedicate 30% - 65% of your capital into low market cap gems.
#Memecoins #MemeCoinsSeason #MemeCoinsBullRun