#CryptoMarketMoves

Short or Long Term Investing: POPCAT Turned $100 into $12,000 in 7 Months

Popular memecoins like $POPCAT have swept the decentralized finance market. From January to July, the crypto token soared by more than 12,000%. As a result, crypto enthusiasts who invested $100 in memecoin on January 1 saw an increase in their investments to over $12,000.

According to simple percentages, $100 on January 1 could buy 12,333 POPCATs for $0.008108. In the same vein, $1,000 could buy about 123,334 memecoins at the same price. Leveraging the meme frenzy and positive market sentiment, the digital asset peaked at $0.9976 on July 21.

As a result, the $100 investment (12,333 POPCATs) turned into $12,303. Those who invested $1,000 saw their capital rise to $123,039.

While millions of unsophisticated traders see memecoins ($DOGE , $SHIB , and $FLOKI ), among others, as a short-term investment, finding ample time to analyze them shows above-average long-term gains.

Therefore, while many people view cryptocurrency as a short-term investment, it's important to remember that investing over time in this volatile market is more beneficial than trying to time the market.