🔥#Memecoins🤑🤑 Mania: PEPE, FLOKI, DOGE — Boom or Bust?
✅ Introduction:
Memecoins are back with a vengeance, with PEPE and DOGE posting double-digit daily gains.
🔥 Why the hype?
Social media-driven pumps and a “get rich quick” sentiment have returned. High-profile tweets fuel the fire, alongside low market caps that enable massive percentage moves.
👀 What traders look out for:
➡ Binance Futures funding rates — they spike during over-leverage
➡ Social media trends (X/Twitter, Telegram)
➡ Timing for exit, as memecoins dump fast
📊 My take:
Short-term gains can be made scalping memecoins, but I wouldn’t hold long-term futures positions without a hedge. I'm cautious at these levels.