Meme tokens come to mind, and our Crypto experts explain why they could experience medium-term growth.
We advise concentrating on tokens with a strong social resource and a low fundamental component in mid-term planning due to the abundance of negative market predictions during Crypto Winter, as well as the high investor “fear” index and the tense atmosphere on the cryptomarket. “Meme” tokens are assets that fully suit this categorization.
Disclaimers: This information is presented solely for informational reasons by our firm, “Crypto Garage,” and does not constitute financial advice. A volatile asset, cryptocurrency can cause financial losses.
If you have a few extra dollars to invest at risk and are wondering what cryptocurrency to purchase right now during Crypto Winter, our experts advise the following asset allocation plan:
- Dogecoin (DOGE) — 30%;
- Shiba Inu (SHIB) — 25%;
- Floki Inu (FLOKI) — 15%;
- Dogelon Mars (ELON) — 15%;
- Baby Doge Coin (BABYDOGE) — 10%;
- Saitama V2 (SAITAMA) — 5%.
The reason why most “meme” initiatives succeed is because they piggyback on the Elon Musk name. This billionaire’s tweets have regularly sparked an increase in traders’ interest in particular cryptocurrencies. Additionally, these were typically “meme” tokens. For instance, Musk has made it clear time and time again that he supports Dogecoin. Additionally, the creators of these initiatives effectively guess that his Shiba Inu puppy’s name is Floki.
The sole uncertainty of such an investing portfolio is one of its drawbacks. Because the expansion of token “memes” happens unexpectedly and for no apparent reason. Long-term investments are seldom possible with such digital assets. But during crypto winters, they may be fascinating.
Not to be overlooked is the DOGE-funded moon satellite launch, the precise date of which is subject to change at any time and is anticipated to result in a significant price hike.
Saitama is another undertaking in our portfolio. Although it has no direct connection to the Musk brand, the recent rise in the amount of press references of this coin may have a favorable impact.
Warnings about risks when investing in meme projects.
Making precise forecasts regarding the price of “meme” tokens is next to impossible. Their price is directly influenced by the marketing hype spread by a certain investor group. As a result, it is challenging to make a confident prediction about their development or decline. This prediction is mostly based on the first-hand knowledge of our specialists and empirical information from prior investment cycles.
Retail investors purchasing “Meme” tokens in large quantities, which enhances their price through insignificant technical market forces, causes them to rise quickly. However, the price falls significantly as soon as these investors sell their tokens and go to other assets. In actuality, “memes” are frequently accompanied by “Pump and Dump” schemes, and the spike in activity seldom has lasting effects. This should be considered while setting up a portfolio. You must continually keep an eye on the price’s reality to avoid missing a window of opportunity to leave.
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