Bitcoin is approaching the $120,000 mark, and the cryptocurrency market is experiencing strong volatility. Some meme coins have significantly increased in price, leading to the question of whether it is time for FOMO (Fear of Missing Out).
Some notable meme coins that have recently increased in price include:
• Pudgy Penguins (PENGU): up 25%
• TRUMP: up 11.4%
• BONK: up 46% after the Bitcoin Halving event
• FLOKI: up 26%
• Shiba Inu (SHIB): up 24%
However, it is important to note that the cryptocurrency market is very volatile and unpredictable. Before making an investment decision, you should consider the following factors:
• Economic data: upcoming important economic events, such as remarks from Fed Chairman Jerome Powell and data on existing home sales, may impact the market.
• Market trend: there is a strong flow of money into altcoins, and Bitcoin's market share has decreased from 63% to 58% in the past 7 days.
• Risk: investing in meme coins can be highly risky due to strong price volatility.