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Mr. Know-it-all has once again created a wealth myth! Today, TRUMP briefly surpassed $80, with a total market capitalization of $80 billion. In just over a day since its launch, it has successfully surpassed Musk's Dogecoin and climbed to the top of the memes market capitalization.
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Maybe a lot of people are eager to move now, thinking that virtual currency is a great opportunity to get rich. But I really have to say that this thing is just like a jungle, pure law of the jungle, a thought gives birth to a thought of death, and it's just a matter of minutes. In the past 24 hours, due to the listing of Chuanzi Coin, it has caused a severe fluctuation in the virtual currency market, and the coin circle is a 24/7 global trading. If you have a time difference and happen to be sleeping, you will be out of the loop for a few hours, and you'll be directly at a loss.
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There are already people shorting Ethereum and speculating that Solana will replace the Ethereum ecosystem. Some are also shorting Dogecoin, so if you hold Ethereum or Dogecoin (Doge), you will suffer losses directly. To be honest, the price of memes has dropped from tens of dollars to a few cents in a matter of seconds, and this situation is quite common. Cryptocurrency is somewhat similar to the evolution of life, where the key is the speed of information acquisition and response capability. The trading logic is very primitive: the benefit is freedom and equal opportunities, but the downside is that life and death are fated, and wealth and honor are determined by fate. It can provide you with the opportunity to get rich overnight, but it can also send you to hell within a few seconds. There is no sense of security with even a hint of rules and regulations, and you can be eaten by big fish at any time. Moreover, we do not support it, so everyone should just watch the show and not be envious or greedy.