$NEIRO has risen seven or eight times since its launch, and some of the on-chain gains have even reached hundreds of times, and many people in the community have made a lot of money. However, even after such an increase, there are still people willing to follow suit, which may mean that they are just making wedding clothes for others.
For this "leek coin" that has risen sharply, investors need to be aware of the risks. If the price of a certain currency has risen a lot, then the subsequent growth potential may be limited, and the risk will increase accordingly. In addition, if others in the market have already obtained high returns through early investments, then later investors may face greater risks because they may not be able to obtain the same rate of return.
In the cryptocurrency market, funds tend to flow to projects that are hot and potential. If a currency has already had a large increase, then there may be a certain degree of saturation in the market, and new investors need to carefully consider whether it is worth entering the market at this time. In addition, the market is very volatile, and a sharp increase in price is often accompanied by a sharp drop in price, so investors need to do a good job of risk management to avoid losses due to sudden changes in the market.
When considering investing in such currencies, investors should conduct sufficient research to understand the project's fundamentals, market sentiment, technical analysis, and related news and community dynamics. At the same time, they should also consider their own risk tolerance and investment goals to make rational investment decisions. Remember, the cryptocurrency market is high-risk, and any investment should be based on your own research and judgment, rather than blindly following the trend.