Why isn’t a 50% gain in a single day unusual for Meme coins?
Most Meme coins have no revenue or real-world utility to use as a valuation benchmark, so their prices are driven mainly by sentiment and the flow of funds.
Key takeaway: Before chasing a sudden surge, ask yourself: could you handle it if the price immediately fell by half?
$PEPE PEPE’s official website also states that it is a Meme coin with no intrinsic value.
If you don’t understand a product, avoid taking a large position in it. Trying it out with a small amount is more prudent.
#PEPE
Most Meme coins have no revenue or real-world utility to use as a valuation benchmark, so their prices are driven mainly by sentiment and the flow of funds.
Key takeaway: Before chasing a sudden surge, ask yourself: could you handle it if the price immediately fell by half?
$PEPE PEPE’s official website also states that it is a Meme coin with no intrinsic value.
If you don’t understand a product, avoid taking a large position in it. Trying it out with a small amount is more prudent.
#PEPE