Assalamu Alaikum
How are you all? I hope everyone is doing well, Today I will try to talk to you about a very important topic, Today I will share a cautionary post, A few months ago Donald Trump himself launched one of his cryptos, When his coin first came to the market, and when he tweeted about his coin, there was a huge amount of hype in the coin, And in an instant, the price skyrocketed, and it came in the top 10 coin rankings, from a coin with a market cap of about 15 billion to less than 2 billion, why did such a huge market cap coin come to such a high price?
And people started buying Trump's coin thinking that it was the Next Solana, but the latest shows that about 80% of investors are in loss, is Trump Coin the good side of the coin market or a trap?
There are many reasons behind this!
1- This coin had a low number of large holders, meaning someone bought this coin alone and when the price went up, the High Ret Sell started and it went down,
2- It was just a trend, trends don't always last, they start going down as soon as the trend ends,
3- These are meme coins, meme means a coin made for fun,
4- They don't have any use case, and since they are not utility coins, the team becomes completely inactive after reaching 100% Circulating supply, as a result, the hype ends due to lack of care for the token, as a result, investor interest decreases,
5- Most of the time, celebrities launch meme coins, because they come to the market to take money from the market, they come to do business, they will tweet their social platform and pump the coin and in that time they will sell their coin,
And now investors are aware that they should check and choose before investing in any coin to save their funds By,
There is a saying that "The body is not in trend"
Be careful to save your funds
I hope everyone understands, I am ending here today, everyone stay well, Allah - Hafez
10.116 SRY