Record two lessons from speculating in MEME coins:
First, $DOGGO coins.
Lack of patience in holding coins, lack of psychological preparation for volatility. The founder liquidated the tokens on the second day after they were listed, and the community panicked and sold them at a loss of 60%.
However, MEME coins are the most likely to attract attention due to such events, and they have come back to life and set new highs.
As a result, after 6 pm, the price of the coin went up, and I missed the doubling of my earnings.
Second, MOOGENG
Internet celebrity Hippo, I found that the top 50 addresses of holdings were almost all the addresses of the project party, so I didn't enter the market.
However, in the early stages of a MEME project, the more highly controlled the project party is, the easier it is to pull the price.
So, I also missed an opportunity to double my earnings!
Experience summary:
1. Patience
Buy MEME coins in the early stages, and be prepared to hold the coins for at least 1-2 weeks, unless the coin goes up without a callback after it is listed.
2. A blessing in disguise
If MEME coin plummets in the early stage due to community disagreements or the founding team's rug, don't rush to sell it, it may also attract whales to enter the market again.
3. For projects that are highly controlled by the project party, you can buy them in the early stage and just ship them together.