It happens a lot with coins that are hyped up without supporting fundamentals!
To any/all new traders listen, I’ve done it before! I’ve learned! I don’t recommend meme coins or cryptocurrencies that have no real use cases in the world as AN INVESTMENT!
IN FACT, I HIGHLY ADVISE AGAINST IT! If you’re here because of the hype, most likely it’s already too late!
SURE THEY PUMP SOMETIMES BUT IF YOU ARE NOT READY TO SELL WHEN IT DECIDES TO DUMP (BECAUSE IT DEFINITELY WILL) THEN YOU’RE GOING TO BE UPSET!
If you’re NEW to crypto THE BEST THING you can do is just RESEARCH cryptocurrencies. Understand what makes them unique! Understand the differences between Proof-of-work (like BTC ) and Proof-of-Stake (like ETH). Research DeFi coins, NFT’s, along with the top 5 cryptocurrencies and get a good understanding of what they are and how they work!
NEVER INVEST IN SOMETHING THAT YOU DO NOT UNDERSTAND! Understanding the fundamentals will give you the edge when the charts look BUT YOU KNOW ITS TIME TO TURN UP! You need to ask yourself HOW MUCH DO YOU THINK a certain crypto is worth without looking at a chart. You need to be able to give it a VALUE! ITS VERY IMPORTANT!