97% of Memecoins Fail Shortly After Launch: Insights from Binance Research

Quick Summary:

The High Failure Rate of Memecoins and What It Means for Investors A recent report from Binance Research highlights the alarming failure rate of memecoins, revealing that 97% of memecoins either fail or become inactive shortly after launch.

Pump-and-Dump Schemes: Memecoins are highly susceptible to pump-and-dump schemes, where creators and early investors artificially inflate prices before selling their holdings, causing prices to crash.

While memecoins can appear attractive due to their affordability and the potential for quick profits, their high failure rate and speculative nature make them a risky choice for anyone looking for long-term investments.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Memecoin Failure Rate Crypto News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 14:46:15 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 1171 words

Reading Time: 7 minutes read

Sentences: 58 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23433155

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About BitcoinWorld

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