• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Expert analysis on the current state of the meme cryptocurrency market

Expert analysis on the current state of the meme cryptocurrency market

user avatar

by Max Nevskyi

2 years ago


Founder of the investment company SharesPro, Denis Astafyev, noted that every day a vast number of new projects emerge on the meme cryptocurrency market, operating on the Solana blockchain. However, in his opinion, the majority of them do not survive. The expert believes that only a few projects will stand out and achieve success.

Astafyev emphasized that key success factors for new meme cryptocurrencies include not only the originality of the idea but also the team's ability to attract investments to promote the project. However, investing in such digital assets carries a high risk due to market instability. According to him, many of these coins are analogs of "lottery tickets," where the chances of success are extremely unpredictable.

The expert stressed that attempting to profit from such "pyramids," knowing that they are doomed to fail in the end, is a misconception. Instead, he recommends considering investments in fundamental cryptocurrencies, backed by technological potential and established innovations, with experienced investors and user bases. In the specialist's opinion, such digital assets represent a more stable and justified investment option with a lower level of risk compared to meme cryptocurrencies.

Expert Michael Gerlis, representing the ecosystem of services for mining emcd, noted that the success of meme cryptocurrencies is driven by PR and marketing. He expressed the opinion that "those whose owners can better organize these processes will succeed." While the expert himself prefers more reliable investment options with a long-term strategy and has a negative attitude towards speculation in the market.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Technical Indicators Show Mixed Signals

chest

Current technical indicators for Bitcoin suggest a mixed outlook with potential for both gains and losses.

user avatarKenji Takahashi

Bitcoin's price is experiencing a drop beneath crucial support levels.

chest

Bitcoin is struggling to maintain stability above critical support levels, declining below 67,800 and testing 66,500. Further declines towards 64,200 are possible if support fails.

user avatarDiego Alvarez

Ethereum Attempts Recovery Amidst Selling Pressure

chest

Ethereum is attempting to rebound after recent selling pressure, but the recovery is weak.

user avatarMaria Fernandez

Tesla Stock Anticipated to Surge Following Grok AI Launch

chest

Tesla stock is expected to rise following the launch of the Grok AI Assistant, which introduces new features for users.

user avatarGustavo Mendoza

Tesla Launches Grok AI Assistant in Europe, Boosting Stock Potential

chest

Tesla has launched its Grok AI Assistant in the UK and European markets, enhancing its vehicle software capabilities.

user avatarRajesh Kumar

China Boosts Oil Imports from Russia as India Shifts Focus

chest

China has significantly increased its oil imports from Russia after India ceased procurement under a US trade deal.

user avatarMiguel Rodriguez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.