53% of investors use 'scattershot' strategy for memecoins, AMBCrypto’s exclusive survey finds
01 Julio 2024 - 9:00AM
Memecoins’ popularity has been rising as compared to the DeFi
tokens. AMBCrypto’s exclusive survey, in June’s crypto market
report, reveals a significant trend among memecoin investors. Thus,
highlighting a major shift towards high-risk, high-reward
strategies in the cryptocurrency market.
- Popular strategy: A striking 53% of memecoin
investors are adopting a 'scattershot' approach, placing small bets
across a range of memecoins aiming for big returns.
- Short-term holdings: About 35% of investors
hold their investments only for a few weeks, aiming to capitalize
on quick gains while 9% sell immediately on price rises,
demonstrating varied approaches to memecoin trading.
- Community influence: Highlighting the social
aspect of cryptocurrency trading, 47% of investors believe that a
strong community and sustained hype are pivotal for a memecoin’s
success. This indicates a shift towards value driven by collective
belief and social validation rather than traditional financial
metrics.
The report further delves deeper into
the monthly review of the crypto sector along with a comprehensive
discussion of Bitcoin, Ethereum and Cardano. Access the report
here.We'd be happy to connect you to an AMBCrypto expert for
additional commentary and analysis should you have any
questions.
About AMBCrypto
Established in 2018, AMBCrypto cuts
through crypto noise. Their passionate journalist and blockchain
enthusiast team delivers breaking news, in-depth analysis, and
expert breakdowns on the ever-evolving crypto world. They simplify
complex technical happenings, empowering users with clear insights.
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AMBCrypto helps navigate the ever-changing crypto landscape.
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Media Contact:Manisha MishraAMBCryptonews@ambcrypro.com
https://ambcrypto.com/