Recently, the Crypto Assets market has seen a remarkable phenomenon: the popularity of Meme coins continues to rise. This upward trend is likely driven by the positive changes in the overall sentiment of the Meme coin market, with strong performances from representative coins like Shiba undoubtedly leading the way.

However, the rise in Meme coin prices is not caused by a single factor. In addition to market sentiment, celebrity effect, investor fear of missing out (FOMO) psychology, and speculative behavior may also be driving forces. It is worth noting that this phenomenon is similar to the last crypto assets cycle, when Meme coins also became the main narrative in the altcoin market.

However, the current situation is different from the past. Most opportunities in the on-chain ecosystem have already passed their hottest phase, and participation has become more difficult. Therefore, for investors, chasing high or opening long positions at this time may not be wise. A more cautious approach would be to maintain a wait-and-see attitude and wait for clearer market signals.

It is worth noting that Meme coins carry significant price volatility risks and often lack substantial value support. This makes them susceptible to fluctuations in market sentiment and manipulation by large funds. In the current turbulent market environment, entering the market rashly may face the risks of being trapped or struggling to grasp the right timing for selling.

In summary, whether in a bull market or a bear market, rational analysis and prudent decision-making are the attitudes that investors should uphold. In the Meme coin market, a field full of opportunities and challenges, maintaining a clear mind, controlling risks, and grasping the rhythm are essential to occupy a favorable position in the long-term game.