Stop Losing Money on Meme Coins
Bitcoin has been the longest standing cryptocurrency to date with a launch back in January of 2009. $BTC has been bought, sold, mined, and transferred over many years. Ethereum, ETH, is also a trusted name in crypto that has stood the test of time.
These networks have been proven to be reliable because so much technology has been built on both blockchains. Even though Bitcoin is proof-of-work and Ethereum is a proof-of-stake consensus algorithm, each chain is recognized to be a trustworthy contender in the crypto arena.
As of recently, meme coins have been popping up left and right such as Floki, RichQUACK, MonaCoin, Shiba Inu, and of course, Dogecoin. These coins are created usually to be funny, with their total supply set ridiculously high which then causes their value to be, in many cases, fractions of a penny.
$PEPE, a popular meme coin, has experienced a highly volatile month as long-time hodlers of the coin made more than 10x in a 48hr span after it soared to an all-time high of 0.000004213.
The parabolic rise in value was coupled with an equally substantial correction as new hodlers witnessed almost a 10x loss the following week. Cryptocurrency markets are volatile, as shown in this example, as no one can accurately predict the top or the bottom of a particular coin.
What is in store for meme coins in the short term and long term future? Another dramatic launch to the moon? Wouldn’t it be convenient to not have to worry about the answer to that question?
With the help of an AI-based crypto trading app, Stoic, the guesswork is off the table. Stoic automatically rebalances a users’ portfolio and trades only reliable altcoins. It is great to know that even in the midst of a volatile market, a solid level of trust still remains.
Don’t be one of those unfortunate traders who experiences a 10x loss on a meme coin that has little to no true utility. Take advantage of highly efficient machine learning at your fingertips before the next bull run.
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Author:
Ken Melendez
✍️ Head of Content @ Cindicator
📊 Certified Bitcoin Professional
🔐 Blockchain Chamber - Chapter President
Who is Cindicator?
Cindicator is a world-wide team of individuals with expertise in math, data science, quant trading, and finances, working together with one collective mind. Founded in 2015, Cindicator builds predictive analytics by merging collective intelligence and machine learning models. Stoic AI is the company’s flagship product that offers automated trading strategies for cryptocurrency investors. Join us on Telegram or Twitter to stay in touch.
Disclaimer
Information in the article does not, nor does it purport to, constitute any form of professional investment advice, recommendation, or independent analysis.