Experts from Digital Asset News discussed investments in meme cryptocurrencies in their new YouTube video. They also mentioned the closure of the Opnx trading platform, created by the founders of Three Arrows Capital, which could be a catalyst for new tokens in this space.
Researchers emphasized that many meme cryptocurrencies based on Solana are attracting the attention of the crypto community, especially after the rise of the BONK price, which sparked interest in assets like MYRO and others. They also noted that the price of BONK has partially recovered after a decline, and its market capitalization still exceeds $50 million.
Experts highlighted that not all meme coins are popular and have the potential for growth. They recommended paying attention to the development team and the project's connections with other startups, as well as being prepared for risks and not expecting the price to reach a certain level. It is important to know how to take profits and avoid long-term HODL as an suboptimal strategy.
It is worth mentioning that Dogecoin (DOGE) remains the most popular meme cryptocurrency. Currently, it ranks 10th in the global digital assets rating with a market capitalization of $11.24 billion. As of February 4th, the price of this virtual currency is around $0.078. The daily trading volumes for DOGE reach $155.69 million.
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