Beware of Blind Buying of Meme Coins

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[Cotune] "Caution Against Blindly Buying Meme Coins"

Binance founder Changpeng Zhao (CZ) shared his views on meme coin investments and the current state of the cryptocurrency market during a Binance Square Live AMA session. He said, “The long-term performance of meme coins depends more on cultural identity and a loyal community than on short-term attention. Individual investors should be cautious when investing in meme coins, and avoid simply buying based on trends.” Regarding the broader crypto market, he added, “The cryptocurrency market is not easy to predict due to various factors. However, the current pro-crypto policies of the U.S. government could serve as a positive signal for the market in the long term.”

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