Its really strange to see #meme coins are keep on rising such as #FLOKI #BONK #DOGE #BOME and other meme coins. After the ETH ETF approval I see more volatility in their price towards upside.
I dont know why they are rising and why good crypto projects are still undervalued. You can see many crypto coins which have promising project but did not react in price after ETF approval.
But as always the risky projects such as all #meme coins have increased in priced. It seems like they are the stars in this bull run and they will keep on cutting every zero.
Its really sad to see meme coins are rising while good project coins including #hive is still at its all time low. Maybe its a matter of time but I dont think so they be at its all time low still.
At the current price of #Bitcoin, the price of #hive must be above $0.6 but you can see its price below $0.3
Its really a worrying moment for #hive investors because we have an investment of above $1 in #hive. We as hive users need to see the price above $1 to at least having a breakeven.
To be honest #meme coins are the only trap and suitable for trading only. They are highly volatile coins and have no solid projects but their price are rising on daily basis.
If you take any meme coin you will see more than 20X rise in their price in this bull run. Yet its the first phase of this bull run. In the second phase their price may rise more..
This could be also a trap for investors to invest their amount in meme coins. I will surely ignore these coins and will prefer blue chip coins, no matter how slow they be in this bull run
What do you people think about #meme coins? Are they trust worthy to invest? Will be glad to see your answers in the comment section.
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