DOYR plummeted 81% in one day! Experienced traders made 4000%, what should ordinary players do?

I am Qi He! I just saw the news that the Meme coin DOYR on BSC has encountered a major issue - its market value has plummeted 81% from yesterday's peak of 31.3 million USD, now only 5.8 million USD remains, and the coin price has dropped to 0.0058 USD, down 43% in just one day! This number is shocking, but don’t panic, let’s talk about the underlying reasons behind this.

What impact does this have on the crypto market? To be honest, a plummet like this for a Meme coin such as DOYR is not new in the crypto world. It’s more like a weather vane, reminding us that market sentiment is volatile; trends come quickly and go just as fast. However, the overall crypto market is large, and mainstream coins like Bitcoin and Ethereum may not necessarily move erratically alongside it, so don’t assume the sky is falling just because of a drop. The correlation is that funds may flow out of Meme coins into more stable sectors, which overall is a healthy adjustment.

So what should players do? My views are as follows:

First, definitely don’t follow the crowd to trade. Meme coins have no actual use, and their price fluctuations are purely based on sentiment. Look at that KOL “calm down, calm down, calm down,” who bought the dip when DOYR’s market value was 700,000, and has not sold despite floating nearly 4000% profit at the peak, now earning over 50,000 USD. This tells us that experts buy low and sell high, and they are patient; ordinary players shouldn’t chase highs and panic sell.

Second, diversify your investments; don’t put all your money on one coin, and pay more attention to mainstream coins and potential projects. Third, learn some technical analysis, keep an eye on market dynamics; a drop could be an opportunity, but it requires rational judgment.

In short, the plummet of DOYR is a wake-up call, but there are plenty of opportunities in the crypto world. Stay calm, manage risks well, and you can also make money amidst the volatility! Feel free to chat in the comments, like and follow to not get lost.

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