๐ฅ๐ถ๐๐ธ๐ ๐ข๐ณ ๐๐ป๐๐ฒ๐๐๐ถ๐ป๐ด ๐๐ป ๐ ๐ฒ๐บ๐ฒ๐ฐ๐ผ๐ถ๐ป๐
In my last post, I discussed some of the things you need to know about memecoins.
So, below, I'll share the risks associated with investing in memecoins (as I promised).
Memecoins are highly volatile and speculative, so there is a high risk of losing money.
This is because they have little or no intrinsic value, so their price could crash to zero.
Memecoins are often promoted by celebrities and influencers on social media.
But these people may have a financial interest in the coins they are promoting.
That's the bitter truth! Some may not have your best interest at heart.
They just want to make profit off you.
So, don't just know that the word "DYOR" exist and play a huge impact in crypto investment; also act on it.
Practice!
It's very important.
Want to know what you should consider before investing in memecoins?
Follow me now and watch out for my next content.
