Memecoins’ popularity has been rising as compared to the DeFi tokens. AMBCrypto’s exclusive survey, in June’s crypto market report, reveals a significant trend among memecoin investors. Thus, highlighting a major shift towards high-risk, high-reward strategies in the cryptocurrency market.

• Popular strategy: A striking 53% of memecoin investors are adopting a 'scattershot' approach, placing small bets across a range of memecoins aiming for big returns.
• Short-term holdings: About 35% of investors hold their investments only for a few weeks, aiming to capitalize on quick gains while 9% sell immediately on price rises, demonstrating varied approaches to memecoin trading.
• Community influence: Highlighting the social aspect of cryptocurrency trading, 47% of investors believe that a strong community and sustained hype are pivotal for a memecoin’s success. This indicates a shift towards value driven by collective belief and social validation rather than traditional financial metrics.

The report further delves deeper into the monthly review of the crypto sector along with a comprehensive discussion of Bitcoin, Ethereum and Cardano. Access the report here.We'd be happy to connect you to an AMBCrypto expert for additional commentary and analysis should you have any questions.

About AMBCrypto

Established in 2018, AMBCrypto cuts through crypto noise. Their passionate journalist and blockchain enthusiast team delivers breaking news, in-depth analysis, and expert breakdowns on the ever-evolving crypto world. They simplify complex technical happenings, empowering users with clear insights. Trusted by tech giants (Amazon, Facebook, X, Microsoft, Tesla), AMBCrypto helps navigate the ever-changing crypto landscape.

Website | LinkedIn | X

Media Contact:Manisha MishraAMBCryptonews@ambcrypro.com https://ambcrypto.com/