Expert Urges Caution on Meme Tokens in 2024, Citing Lack of Fundamentals
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Shiba Inu token relies heavily on hype and speculation rather than underlying utility to drive its value.
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Dogecoin lacks fundamental drivers to justify investing in it long-term despite occasional price rallies.
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Newcomer meme token 4-Chan lacks supply control, governance, and security, making it very risky for investors.
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Meme tokens tend to see volatile price swings driven more by trends and speculation than fundamentals.
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Author advises investors to be cautious of meme tokens in 2024 and upgrade portfolios with higher quality crypto assets.