Following the Trend in Crypto market.. AI or MEME

Recently we have seen how the price for meme coins has grown up and has turned out to be a profitable situation for many investors and they are happy because the money was multi-folded in very little time. It is crypto and sometimes if a coin gets market hype then we can see such outcomes and undoubtedly it is a great profit that people make on such coins. Some of the meme coins have got good market attention. I am part of some of the groups in Telegram and I see some of the people asking for the meme coin that they can invest and ingest in a matter of few days they are expecting the money to be multiplied. The question is it really easy to find a coin with no fundamental values, but people can expect the value to be multifold? I think it's hard to answer because it is dependent upon your luck which means if you are lucky Enough you might find one however, I think the probability of getting lucky is very low.

I thought of checking some meme coins in the market and NOW the coinmarketcap website has categorised a segment for meme coins. Under the category, we can see a meme segment where every meme coin is listed and of course, DOGE is also the one. I have not invested in any coin because I don't feel comfortable, and the region is simple and I don't find any value behind the project. I had invested just a very small amount in DOGE and its because I expected Mr Elon Musk to pump it. The amount is too small that I would not even be bothered if I lost the money and other than this, I did not invest any money on the meme coin for the same reason that I just explained.

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I do understand that it is important to follow the trend in the crypto market and this is why I am exploring the projects under the AI category. I like this categorization done by the coin market cap website and it is very helpful to figure out some projects in certain categories. NOW because the Solana ecosystem has grown a lot in recent weeks hence, we can also see a category specifically for the Solana ecosystem. gaming is another part that we cannot ignore and now coming back to AI I am sharing some of the projects I am exploring these days.

The near protocol is one of the projects that I find more valuable and in terms of market cap it is on the TOP. I have invested in this project and planning to do more because I expect this project to do great in this market cycle. There are multiple projects listed on the AI segment and some of them I know already but haven't invested in yet because I need to study further. This time when we are talking about artificial intelligence a lot and how tools like Chat GPT are making things easy for us. I anticipate that some of the AI projects will do great, but I have yet to figure out some of the projects out of this list because obviously, I cannot invest in every project. I am planning to shortlist about 4 or 5 projects in which I can think of investing some money and wait for the right time to see some value appreciation.

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This is the trend of the market because AI is getting hyped across the world hence, we can see more people coming and investing in AI projects. We are not in the bull run yet and generally in the burden cycle every coin grows even mean coin can also grow but it is highly risky, and this is why I have decided not to enter this segment. I don't want to earn easy money because that can also be equally risky and it's better to stay away from such projects instead invest in something that is backed by a solid foundation and has a higher probability of growth.

I also think that this is the high time when we need to study more about various projects and find out some which can be a good pick in this market cycle. Every weekend I spend a couple of hours on the yesterday and figure out some project which I can invest in. It is because diversification is important, and I still have the majority of my crypto holdings on Hive, but I am following the diversified approach.

Thank you

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