It’s Time to Stop Chasing Fads
Now that the Meme Coin has retraced more than 64 percent from its ATH, it is hard not to laugh or at least jiggle at the face-slapping reality. There’s always a new fad just around the corner. Investors are constantly looking for the next big thing, from Dogecoin to frogs.
These 14 BAYC were all sold below floor over the last 48 hours
— Cirrus (@CirrusNFT) May 7, 2023
And the latest craze is none other than $PEPE. The meme coin keeps generating headlines and now laughs (Perhaps a few tears). Just over the weekend, Fourteen BAYC NFTs were sold below the floor price to FOMO in the newest Shit Coin.
The sellers immediately invested the $1,276,800 they received into $PEPE. It’s almost laughable how investors continue to chase fads only to invest in something worth less than the pixels it’s made of.
We’ve all been there, scrolling through social media and seeing others make big bucks on the latest trend, and we can’t help but feel like we’re missing out. Perhaps. By recognizing the absurdity of these situations, we can learn to let go of our fear of missing out and make more rational investment decisions.
Ultimately, it’s important to keep things in perspective and not take ourselves too seriously when investing in crypto or anything else. After all, there will always be another fad just around the corner.