@onshield07

Memecoins like Dogecoin and Shiba Inu surged in 2024, driven by retail FOMO and social media hype, with DOGE up ~120% YTD. Volatility stems from speculative trading and market sentiment swings, as seen in the Fear & Greed Index. Short-term, memecoins face sharp corrections; long-term, most lack fundamentals. Investment strategy: Short-term traders can ride momentum with tight stop-losses (5-10% risk). Long-term, avoid significant exposure; allocate <5% to established memecoins like DOGE for diversification, prioritizing BTC/ETH.

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