Memecoins
53% of investors use the “scattershot” strategy for memecoins, according to an exclusive survey by AMBCrypto
AMBCrypto
TALLINN, Estonia, July 01, 2024 (GLOBE NEWSWIRE) — Memecoins are on the rise in popularity compared to DeFi tokens. AMBCrypto’s exclusive survey in the June cryptocurrency market report reveals a significant trend among memecoin investors. Thus, highlighting a major shift towards high-risk, high-reward strategies in the cryptocurrency market.
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Popular Strategy: A surprising 53% of memecoin investors are taking a “scattered” approach, placing small bets on a range of memecoins in pursuit of large returns.
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Short-term securities: Around 35% of investors hold their investments for only a few weeks, aiming to capitalize on quick gains while 9% sell immediately as prices rise, demonstrating different approaches to memecoin trading.
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Community influence: Highlighting the social aspect of cryptocurrency trading, 47% of investors believe that a strong community and sustained hype are key to a memecoin’s success. This indicates a shift toward value driven by collective belief and social validation rather than traditional financial metrics.
The report further delves into the monthly review of the cryptocurrency industry, along with a full discussion of Bitcoin, Ethereum, and Cardano. Access the report Here.
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About AMBCrypto
Founded in 2018, AMBCrypto eliminates cryptographic noise. Their passionate journalist and team of blockchain enthusiasts provide breaking news, in-depth analysis and expert analysis on the ever-evolving world of cryptocurrency. They simplify complex technical events, offering users clear information. Trusted by tech giants (Amazon, Facebook, X, Microsoft, Tesla), AMBCrypto helps navigate the ever-evolving crypto landscape.
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AMBC encryption
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