Meme coins aren’t the place to keep your hard-earned cash when it looks like the market is about to get (potentially extremely) turbulent due to a toxic cocktail of geopolitical factors. Dogecoin’s supply has no ceiling, and new coins enter circulation continuously. Thus, long-term holders need a constant influx of fresh demand to offset this dilution. So sell these dog coins, stat.
They’re not going to fetch you anything valuable. Before you buy stock in Dogecoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Dogecoin wasn’t one of them. Meme coins aren’t the place to park hard-earned cash when the market looks set for turbulence driven by geopolitical risk.
Shiba Inu also faces challenges. While its burns aim to curb supply, they require ongoing buys or automatic burn mechanisms from dApps, neither of which is guaranteed. Moreover, the Shibarium layer-2 chain has limited usage, with only $2 in chain revenue reported on Jan. 20. Given these constraints, investors may want to reassess meme coin exposure.
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