@alknight44
Memecoins like Dogecoin and Shiba Inu surge on hype, social media, and whale activity, causing extreme volatility. Recent pumps reflect retail FOMO and influencer endorsements, but lack fundamentals. Dogecoin’s price spiked 20% last month, per CoinGecko, yet corrections follow. Short-term, trade momentum with tight stop-losses. Long-term, memecoins are speculative, with high risk of value erosion. Invest minimally, focus on established tokens, and exit during overbought conditions. Sentiment-driven markets require disciplined risk management.
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