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I previously entered at the 2.1 price level with $BEAT, buying 1000 units in one go. As the price kept falling, my account shrank by over 1000 USD before I decided to cut my losses and exit. This loss was indeed very painful.
Later, I turned to $DN, feeling that this asset has a good momentum. Honestly, new coins often have more opportunities than old coins, with greater volatility.
There's another coin I want to participate in, but the current price has already risen quite a bit, making the entry risk a bit high. After all, it's just a meme coin, and fundamentally it's hard to justify such a high valuation. A ten-thousand-fold increase? That number sounds crazy, but in a bull market, anything can happen. Maybe it could even multiply ten times again, which is not impossible 😂.
Investing in new coins often involves a proportional relationship between returns and risks. You look for that glimmer of hope, but you also need to be prepared for pitfalls.