This is a common shakeout phase in an UPTREND!
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After the spectacular price surge of memecoins SHIB x3, @BTC25 x4, PEPE x4, and DOGE x5, the market has entered a phase of widespread correction and seems to be on fire. However, from my personal perspective, this is an inevitable correction as the entire market has continuously set ATHs, putting coin holders in a state of extreme excitement.
Memecoins also experience healthy corrections of about 15-30% from the most recent ATH. A necessary shakeout to attract more capital, this is just a normal thing in an uptrend, my friends. The purpose of these shakeouts is to gain liquidity and prepare to soar again.
I am a memecoin player, so I have some understanding of the coin I am playing with. An example here is the memecoin @BTC25 belonging to a company (a BTC mining company), as the resource is BTC. Therefore, their potential is very strong, evidenced by the fact that they have sent over $8 million to Pavel Durov (CEO of Tele).
The community of @BTC25 has been very active recently, which is one of the reasons for the breakthrough and the attraction of a large number of investors. Could this be a Hidden Gem like Shib in its early days?
This is not investment advice.
DYOR - Always do your own research before making decisions.
