US -based giant crypto currency exchange CoinbaseHe announced that he has added Memecoin Dogmeme (Dogind) to the roadmap on the Base network. After the official announcement DOMENCE PRICE It rose by 150 percent in minutes. Altcoin’s total market value reached $ 54 million after the rapid rise. However, Coin’s daily trading volume remained at only $ 2.2 million. Experts, Disintegration He says that investments in Memecoins such as high risks and investors should be careful.
The price of the dog suddenly rose with coinbase news
After the Coinbase exchange has announced that it includes Doginde on the roadmap altcoinThe price of the price of $ 0.001054 came up hard. This sudden price movement, which took place in a short time, increased Coin’s market value to $ 54 million. In addition to this rise, the fact that the 24 -hour trading volume of Dogme remained at a low level of $ 2.2 million created question marks among investors.
Like the experts memecoinThe prices of the ‘s are usually rising as a result of short -term speculation and intense interest. Among the main factors that determine the market performance of Memecoins are generally social media sharing and instant reactions of investors. For this reason, uncertainty prevails as to whether the increase of value of Dogme will be permanent.
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High risk in memecoin investments
Experts draw attention to the high risk of breast and similar memecoin. Experts, who stated that the prices of such coins act with sudden rise and decreases, call on investors to be cautious. As in the case of dog, the process volume remains low compared to the market value of the liquidity problem and the risk of manipulation.
With this Memecoin marketIt is emphasized that it has not yet had a real area of use and a solid economic infrastructure. It is stated that such subcoins, which are valued only through community interest and popularity, may cause significant damages for investors. For this reason, it is recommended that investors should perform their investments in Memecoins by closely following the market and realize the amounts that they can afford to lose.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
