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Meme Coins: What to Buy and What to Pay Attention To

Meme Coins: What to Buy and What to Pay Attention To

Explore the turbulent world of meme coin investments through a personal account of the highs and lows with #BAG.
2 minutes
10.04.2024
Crypto trader, editor of “CryptoGem” channel

In Brief

Interest in the meme coin #BAG is high, despite a 60% drop in its value. My own purchase at a higher price resulted in a significant loss. Given Bag’s low capitalization and high risk, I caution against investing if unprepared for such volatility.

Many are interested in the meme coin #BAG, which has decreased by 60%. I purchased it at a higher price.
The meme coin Bag, with its low capitalization and high risk, as mentioned in two previous posts, is therefore not recommended for those who are not prepared for risk.

I also have a loss of $5000 on this coin, and I am patiently waiting, understanding that it will either bring significant profit or fall further.

Previously, I experienced a 50% loss with #wen, but then it grew by 100% in two days, bringing in $14000 profit. Memes come with high risks.

Before buying Bag, I consulted with leading project researchers, and both believed it to be promising. Though the decision was made at my own risk, I shared this information even with beginners.

The experience has been gained, and I will no longer recommend high-risk, high-potential memes.
I will only recommend projects with high capitalization and a growth potential of 20-30%, as all popular altcoins do.
Because responding to messages from those who are anxious about their investments requires a lot of energy.
I am 90% confident that Bag will still show good growth, as there are many large wallets with substantial amounts in it. However, as was the case with Luna and FTX, anything can happen, as they seemed promising but ultimately turned out to be scams.

I trade here

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