@cyber12guardian
The recent Memecoin surge, led by Dogecoin (DOGE) and Shiba Inu (SHIB), is driven by social media hype and celebrity endorsements, causing rapid price fluctuations. Market sentiment is highly speculative, with retail investors fueling short-term gains. However, Memecoins lack fundamental value, making them highly volatile and risky. Short-term, prices may spike due to hype but are prone to sharp corrections. Long-term, sustainability is questionable without real-world utility. Investment strategy: for short-term gains, trade cautiously with strict stop-loss orders. For long-term holdings, avoid overexposure and prioritize projects with strong fundamentals. Diversify your portfolio to manage risks effectively. Always research thoroughly before investing.
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