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Details: https://www.gate.com/zh-tw/announcements/article/47455
The recent rise of Chinese meme tokens is essentially no different from inscriptions. In this emerging market, apart from a few leading projects, the value of most tokens primarily relies on trading among speculators. If investors cannot exit in time, they are likely to face the risk of capital loss.
After a calm analysis, we found that the market is flooded with a large number of projects that may lose value. Currently, only a few representative projects like Giggle, Binance Life, and Palu may maintain some value. Most of the other projects are likely to lose market support in the future.
From the current market trends, aside from the well-established leading projects, Jobless and Binance Car also show certain potential and may gain more attention in the future. For other projects, investors may need to consider gradually exiting to reduce potential risks.
In this rapidly changing market, investors need to stay vigilant and carefully assess the long-term development prospects of each project rather than blindly following short-term trends. At the same time, it is important to recognize the high-risk nature of the Meme Token market, participate cautiously, and allocate assets wisely.