Last night I was scrolling through Twitter and saw a foreigner post a picture: he put all the meme coin logos together to form a big "REKT".
I couldn't help but laugh; isn't this a true reflection of us meme enthusiasts? Knowing that nine out of ten meme coins go to zero, yet still unable to resist the urge to dive in. It's like knowing that late-night snacks will make you gain weight, but still being unable to resist the barbecue stall.
Today, looking at the rankings is even more interesting; $STO skyrocketed by 35% in one day, with a trading volume of 13M. Such an increase in traditional finance would be unbelievable. But in the meme world, this is just a normal operation. Yesterday, it might have been a nobody, but today it can make a bunch of people financially free, and tomorrow it goes back to square one.
The fear and greed index is only 9, indicating extreme fear. To be honest, this is when meme coins are the craziest. Retail investors have run away, and what's left are daring gamblers fighting amongst themselves.
I remember the last time the level of panic was this high; $DOGE surged from 0.05 to 0.7, and those big influencers claiming "Dogecoin has no value" were slapped in the face. Now $DOGE is only 0.09; maybe it's time to buy the dip again?
But that said, playing with memes really requires a heart of steel. I've seen too many people become overnight millionaires with memes, and even more who lost their entire savings. This is like a casino; when you go in, you think you're a gambling god, but when you come out, you realize the house always wins.
Now popular coins like Rain and Core are being speculated on, but I think the real opportunities might be in corners that no one is paying attention to yet. Of course, this is just my personal opinion, NFA.
❓ What do you think the next hundredfold meme will be? Share your magical predictions in the comments!
#Cryptocurrency #Ethereum #DeFi #Bitcoin