Market Cap
24h Vol
6566
Cryptocurrencies
51.43%
Bitcoin Share

Dogecoin (DOGE) Leads Meme Coins Marked as High Risk in Coin Metrics Report

Dogecoin (DOGE) Leads Meme Coins Marked as High Risk in Coin Metrics Report


CoinOtag
2024-06-12 23:09:03

Meme coins have been flagged as high-risk investments in a recent Coin Metrics report, drawing attention to their volatile nature. The report underscores the speculative risks associated with meme coins, urging investors to exercise caution. “The concentration of meme coin ownership among a few large holders highlights the potential for significant market manipulation,” Coin Metrics


Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.