𝗥𝗶𝘀𝗸𝘀 𝗢𝗳 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗻𝗴 𝗜𝗻 𝗠𝗲𝗺𝗲𝗰𝗼𝗶𝗻𝘀
In my last post, I discussed some of the things you need to know about memecoins.
So, below, I'll share the risks associated with investing in memecoins (as I promised).
Memecoins are highly volatile and speculative, so there is a high risk of losing money.
This is because they have little or no intrinsic value, so their price could crash to zero.
Memecoins are often promoted by celebrities and influencers on social media.
But these people may have a financial interest in the coins they are promoting.
That's the bitter truth! Some may not have your best interest at heart.
They just want to make profit off you.
So, don't just know that the word "DYOR" exist and play a huge impact in crypto investment; also act on it.
Practice!
It's very important.
Want to know what you should consider before investing in memecoins?
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