Is memecoins are good to buy? ✍️
Good evening to all my friends. I hope you all are having a good day. I am having a fantastic day. Weekend is here to enjoy with loved ones. Let's talk about crypto market. Bitcoin is trading above 68.5k. Today we discuss two meme coins we've recently invested in. It's crucial to remember not to invest a major chunk of your portfolio in meme coins, as they can be highly volatile and community-driven. If a coin crashes, you risk losing a lot. The first coin is from the Tron ecosystem: TRX, which has shown a steady higher-low structure since 2018. Justin Sun, the founder, has been active on social media promoting meme coins, particularly Sun Dog, the first meme coin created on the TRON blockchain. Currently, its market cap is around $200 million.
The second meme coin we mention is Welsh which belongs to the Bitcoin ecosystem and has a market cap of $33 million. We suggest investing cautiously, as meme coins can be risky, and you shouldn't invest more than you can afford to lose. Always keep an eye on market trends and support levels to make informed decisions. I think memecoins will give huge profit in upcoming months because now almost everyone who joined crypto market in 2021, are buying memecoins. I also invested on these two coins. Let's hope that these two will give good profit. I am also sharing few charts about crypto market. That's it for today. Here's the latest update video of crypto market. Thanks & have a good day!!
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