Volatile Crypto Market Sees Rapid Rises and Falls; Discernment Needed on Fundamentals
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Several cryptocurrencies like Shiba Inu, TRON, Dogelon Mars, Internet Computer, and ApeCoin face issues like lack of utility, governance concerns, overvaluation, and questionable tokenomics.
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Cryptos like Pepe's and OG Fan Token saw rapid gains followed by steep declines, exposing flaws like distribution favoring liquidity over utility.
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Meme cryptos and tokens relying on fleeting NFT hype rather than strong technology fundamentals are risky bets unlikely to yield returns.
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Many overlooked cryptos saw significant gains recently, but discernment is critical as the market remains volatile.
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Identifying resilient, adaptable cryptos with strong fundamentals is key amidst the crypto market's rapid shifts.