Ethereum

Pepe

Phantom

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/investors-eye-volatile-cryptocurrencies" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Eye Volatile Cryptocurrencies</a><br></p>
<p style="text-align: justify">New investors and risk enthusiasts are increasingly turning their attention to highly volatile cryptocurrencies. Meme coins, known for their significant fluctuations, have historically attracted newcomers. Unlike previous trends centered around DOGE and a few alternatives, the current market sees the daily emergence of hundreds if not thousands of new meme coins.</p>
<h2 id="why-are-meme-coins-attractive">Why Are Meme Coins Attractive?</h2>
<p style="text-align: justify">The allure of high returns is a primary reason investors flock to meme coins. Well-known <a href="https://en.bitcoinhaber.net/sharp-decline-in-crypto-market-as-bitcoin-and-ethereum-prices-tumble" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto analyst</a> Miles Deutscher recently shared his four-step strategy for investing in these high-risk assets. Meme coins are often seen as more lucrative compared to technologically advanced altcoins. But what is the proper approach to investing in meme coins?</p>
<h2 id="how-to-allocate-your-portfolio">How to Allocate Your Portfolio?</h2>
<p style="text-align: justify">The initial step is determining the right portfolio allocation. Investors need to strike a balance between long-term and short-term investments. Deutscher suggests a 70%-80% focus on long-term investments while experienced investors might gradually increase their budget for short-term meme coins. For long-term investments, a six-month horizon is recommended, with stable meme coins like Dogwifhat (WIF) and Pepe (PEPE) forming the core.</p>
<h2 id="valuable-tips-for-investors">Valuable Tips for Investors</h2>
<p style="text-align: justify"><strong>Key Inferences:</strong></p>
<ul>
 <li>Monitor <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">market conditions</a> and maintain a dynamic watchlist categorized by color for better tracking.</li>
 <li>Follow influential channels, pages, and analysts to identify trending assets, but stay cautious of hidden sponsored content.</li>
 <li>Learn the intricacies of using Phantom wallets for Solana and MetaMask for Ethereum through small transactions.</li>
 <li>Regularly rebalance your investments based on evolving market conditions.</li>
</ul>
<p style="text-align: justify">To catch hype assets, investors should stay updated by following prominent channels and analysts. Deutscher recommends being vigilant about hidden ads while navigating social media. Additionally, he advises learning the use of Phantom and MetaMask wallets through small trades and rebalancing investments based on market dynamics.</p>
<p style="text-align: justify">In conclusion, meme coins offer significant earning potential but require a strategic approach to investment. By following the outlined steps and staying informed, investors can better navigate the volatile landscape of meme coins.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/investors-eye-volatile-cryptocurrencies" data-wpel-link="internal" rel="noopener noreferrer nofollow">Investors Eye Volatile Cryptocurrencies</a></h5>

Investors Eye Volatile Cryptocurrencies

Daftar Isi

BH NEWS

Artikel lain yang dipublikasikan pada 31 Jul 2024

Polkadot is facing drop in activity, stepping its place to new promising altcoins

Is Bitcoin Still the Most Commonly Exploited Cryptocurrency by Criminals?

Render Continues To Flash Red In All Timeframes – What’s Going On?

Tron Founder Calls On China To Reconsider Its BTC Policies

Analysts Predict Bitcoin Price Movements for 2024

Strategi Baru Ripple: Menghindari IPO, Fokus Tender Saham

Bergabunglah dengan buletin gratis kami untuk pembaruan kripto harian!