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JOJO this coin has recently become popular, skyrocketing from $0.03 to $0.83 in 24 hours, a rise of 2615%. Seeing these numbers, many people are envious.
But honestly, there are only two possibilities behind this kind of trend: either it is truly a good project that has been overlooked, or it is just a manipulation by funds.
The more short-term explosive growth there is, the more you should hit the brakes. I suggest asking yourself a few questions first—Is the liquidity deep enough? How are the holdings distributed among large investors? Does the project itself have any competitive advantages? You can't skip any of these fundamentals.
The story of a thousand-fold coin is very tempting, but behind it, there is often a 99% decline waiting for you. There have been too many such cases in history.
Before chasing the surge, think clearly: are you betting on your own judgment, or are you just catching the last wave of others' sell-offs? They may seem similar, but the outcomes are worlds apart. Stay calm, and you'll never go wrong.