Musk can stir up a wave in the cryptocurrency world just by changing his Twitter profile picture! The KEKIUS soared crazily the day before yesterday, and today he changed his profile picture back to his personal photo, causing KEKIUS to plummet!!
Ethereum mainnet KEKIUS fell by 75%, market cap 0.84 million;
SOL chain KEKIUS fell by 71%, market cap 2.2 million;
SOL chain KM fell by 62%, market cap 2.9 million.
As I predicted before, the biggest risk is Musk reverting to his original information. The essence of trading cryptocurrencies lies in the word 'trade'. If we can keep up with the hype and understand how to enter and exit quickly, as well as know when to take profits and cut losses, we can profit from it. But how many people can actually withdraw in time? It can be said that less than 5% of people can do this!
This time, many people probably never expected that his Twitter profile picture change would last only 2 days. Therefore, when buying such meme coins, we should only participate with small amounts, betting small for big returns! Even if it goes to zero, at least it won't be a significant loss; just don't invest large sums in any meme coin, otherwise, the losses can be devastating!
Every penny we earn is a realization of our understanding.
Every penny we lose is a reflection of our cognitive flaws.
Therefore, we must respect the market and enhance our understanding! Practice value investing! As long as we accumulate, it is more; as long as we don’t repeat mistakes, it is fast!
I am Financial A Jie. If you happen to come across my post, please give me a follow for support. I have been focusing on value investing in the cryptocurrency space and crypto research for over 10 years, possessing certain investment experience and trading strategies. I am also willing to share what I have learned with all my fans and friends.