@frost9phoenix

Memecoins like Dogecoin and Shiba Inu surged in 2024, driven by social media hype and retail FOMO. Price volatility stems from speculative trading and influencer endorsements, with Dogecoin up 120% YTD. Market sentiment shifts rapidly, often detached from fundamentals. Short-term, expect sharp corrections; long-term, most memecoins lack utility, limiting sustainability. Strategy: trade short-term pumps with strict stop-losses (10-15%) and avoid long-term holds. Allocate minimal portfolio share (5%) to memecoins, prioritizing projects with community-driven use cases.

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