Let’s dive into the wild world of $PNUT and $NEIRO
These two cryptocurrencies have been making waves, frequently topping both the gainers and losers charts. Why the rollercoaster? It’s all about their high volatility—massive surges followed by steep drops.
My biggest mistake with PNUT, the Squirrel Coin, was underestimating its staying power. This politically charged coin seemed destined to fade after the Trump Coin emerged. I sold all my PNUT holdings, expecting a crash—and it did plummet nearly tenfold. But then, against my predictions, PNUT staged a stunning recovery, outpacing Trump Coin and leading the charge. Could it hit $1? Last year, we pegged its average price around that mark. Here’s a critical warning, though:
🔔: is a treacherous coin for futures trading. The more people short it, the higher it climbs. When everyone hesitates to short, it can suddenly crash, wiping out long positions.
In the past, shorting PNUT at peaks was lucrative due to its wide price swings. But don’t be fooled—it’s a trap that lures traders in before pulling the rug. Several friends got burned by PNUT’s overnight spikes, with forced liquidations hitting even at favorable prices. Market makers heavily manipulate this coin.
Another factor I missed: PNUT carries emotional appeal for some American investors, fueling its resilience. Congrats to spot holders who’ve seen threefold gains recently! But don’t get greedy—sell at the peak, either in batches or by shifting to stable assets like BNB.
$NEIRO follows a similar pattern of manipulation. Both coins can be profitable for savvy investors, but timing is everything—sell at the top. Newcomers, beware: chasing highs can leave you holding the bag at dizzying heights. The current trend looks promising, and kudos to those profiting, but stay vigilant.
For a less chaotic option, consider PEPE—it’s relatively more stable.