Memecoins
53% of investors use the “scattershot” strategy for memecoins, according to an exclusive survey by AMBCrypto
AMBCrypto
TALLINN, Estonia, July 1, 2024 (GLOBE NEWSWIRE) — The popularity of Memecoins is increasing compared to DeFi tokens. AMBCrypto’s exclusive investigation in its June cryptocurrency market report reveals a significant trend among memecoin investors. Thus highlighting a major shift towards high-risk, high-return 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: About 35% of investors hold their investments for only a few weeks, aiming to capitalize on quick gains while 9% immediately sell when 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 critical to the success of a memecoin. This indicates a shift towards value driven by collective belief and social validation rather than traditional financial metrics.
The report further delves into the monthly cryptocurrency industry review along with a comprehensive discussion on Bitcoin, Ethereum, and Cardano. Access the report Here.
We will be happy to connect you with an AMBCrypto expert for further comment and analysis if you have any questions.
About AMBCrypto
Founded in 2018, AMBCrypto cuts through the cryptocurrency noise. Their team of passionate journalists and blockchain enthusiasts delivers breaking news, in-depth analysis and expert analysis on the ever-evolving world of cryptocurrency. They simplify complex technical events, providing users with clear information. Trusted by tech giants (Amazon, Facebook, X, Microsoft, Tesla), AMBCrypto helps navigate the ever-evolving cryptocurrency landscape.
Media Contact:
By Manisha Mishra
AMBC encryption
news@ambcrypro.com
https://ambcrypto.com/
