Expert Shcherbachenko told whether it is worth investing in memecoins
Despite Trump's election promises to create a "crypto capital" and positive regulation of cryptocurrencies, it is worth considering that the memecoin market is subject to high volatility, Associate Professor of the Financial University under the Government of the Russian Federation Petr Shcherbachenko told RG .
The expert recalled that Donald Trump launched a cryptocurrency called $TRUMP. Ahead of the inauguration, he advertised the token on social media, which led to a sharp increase in price from 18 cents to $49. In the first day, the project's capitalization grew to $15 billion, exceeding the value of many large companies. of the United States Melania Trump launched her own cryptocurrency $MELANIA, but then the value of the $TRUMP token fell by half at the auction.
The sharp drop in the value of the $TRUMP token after loan database of $MELANIA illustrates how quickly the situation on the market can change, says Shcherbachenko. In this regard, he believes that investors should be careful and aware of the risks associated with investing in such assets, because the popularity of memecoins is often based on hype and support from famous personalities, which can lead to speculation. According to the expert, it is important to remember that such investments require careful analysis and understanding of the market, and not just following trends.
At the same time, the growth of the Bitcoin rate against the backdrop of news about memecoins may indicate that the general interest in cryptocurrencies continues to grow, Shcherbachenko explained. This creates opportunities for further development and adaptation of digital assets in the financial system, but also requires a responsible approach from both regulators and investors, he concluded.
Thus, on Monday, before the inauguration of the US President and on the news about memecoins, the Bitcoin rate rose sharply in just one day, breaking another historical record and rising above the $109,000 mark.