#BinancePizzaVN #MemeWatch2024 #bitcoin #vannthu2000
Meme of a coin that brings huge profits, especially if anyone who has joined the dex will understand how crazy it is, and after listing cex, it still has great potential with large profits as well as the ability to increase prices. strong in a very short time. So why does it have so much potential, and what are the risks for participants?
A meme is simply a coin that anyone can create. The factor that makes a profit here is the community support and the fund behind that meme coin.
Unlike other project coins, almost a percentage of the coins are allocated to the original team, fund, user, etc. and are locked for a long time. The created meme is almost 100% unlocked and this is sold for presale, selling a very small part to the remaining users, the creator himself will own it all.
Because of such an initial tokenological allocation, price manipulation is very easy due to the extremely low and completely knowable external supply. This causes prices to increase sharply and rapidly in the short term.
But at the same time there is also an extremely high risk, simply wanting to push up the price or sell it all depends on the main holder, leading to the price can increase very strongly but can also decrease extremely quickly and be difficult to recover. Take a typical example like PEOPLE 4 months ago in just 1 H4 tree increased x7 then decreased to almost the original price. And that's the meme on cex, but anyone who has seen it on dex, it's much more terrible in terms of both profit and risk.
However, with memes, it is still possible to minimize risks from considering funds, communities, and trends to follow. And no matter what you invest in, always determine: What stage is the market currently in? Is it possible to buy at this price range? If there is a loss, how long will it last and what is the loss tolerance? target to get there without having to hesitate or be greedy?
In the next article, I will review some coins that everyone can refer to for investment
