Why do investors prefer meme cryptocurrencies over more established coins?
A popular crypto analyst reflects on how and why meme cryptocurrencies have stood out from other altcoins this cycle.
Clemente determined that no matter what some altcoins have as advantages, traders usually don't take into account unless the valuation is understood.
He states that people get confused when they want to dive into the riskier waters of altcoin trading because they know they have too much technical jargon and complex value propositions to be easy for them to understand.
Furthermore, these tokens, with market caps in the hundreds of millions or even billions, have very low odds of 10-15x returns for the average investor.
People who trade memecoins don't seem to be very experienced compared to those who trade Bitcoin. He compares it to choosing to play poker with a professional and playing poker with people of the same skill level. Many people choose the second option, which reflects their approach to meme cryptocurrency markets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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