The post Should You Buy $MEME Coin After New Binance Listing? appeared first on Coinpedia Fintech News
$MEME exploded today surging over 1,105% following the announcement that it will list on Binance. With the crypto market hungry for the next hot meme coin, many are wondering if $MEME is worth buying into amid the hype.
$MEME first launched just last week, and crypto enthusiasts have been quick to jump on the bandwagon. The token saw parabolic growth immediately after Binance announced it would list the coin, with $MEME entering price discovery mode as buyers piled in.
At the time of writing, $MEME is trading around $0.000000243, up from just $0.000000022 since yesterday.
However, there are risks associated with chasing these types of overnight meme coin surges. $MEME is still up more than 1,000% in a single day, so there is potential for a pullback as the hype calms down. The coin’s RSI is now flashing overbought at 66, indicating the price could be due for a correction after s
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