In the past few days we have witnessed the crazy growth of SHIB & AKITA, and recently DOGE. This coincides with BTC's correction from $67K to $58K, and I don't think this is just a coincidence.
When BTC fell from $67K to $58K, most altcoins lost 20-25% in value, while the meme pumped very hard. This causes investors to lose patience and sell valuable altcoins to participate in the coin meme. We all know that coin meme is easy to pump because Market Maker owns a lot of memes.
In this way Market Maker can collect many valuable Altcoins like EOS, NEAR, CELO, FIL, ALGO…
At the same time, the growth of the meme shows that the market is in a crazy phase, giving community more confidence in the market's recovery.
I'm pretty sure about the manipulation behind the Meme's growth.
I don't invest too much in memes, and I also don't recommend people to participate in memes because it's too risky.
What do you think about Meme-trend? Are you willing to participate in Meme-trend to earn profit even though the risk is great?