What are Meme coins?

Suba · Jul 4, 2023

Meme coin is also a cryptocurrency inspired by memes or viral images on the internet, often meme coins only take advantage of momentum and have no clear purpose, coin meme prices tend to be unstable, success is often tweeted by famous people or their communities. Some examples of coin memes are Dogecoin, Shiba Inu, Baby Doge, Dogelon Mars, Samoyedcoin, Pepe Coin etc.

Characteristics of Meme Coins
One of the most prominent characteristics of meme coin is that it has a very high supply, so the price per chip of meme coin is very low.

Risks of Investing in Meme Coin
Because meme coins often only take advantage of momentum and are famous for only a short time, so many retail investors lose money, especially when whales often use it to make profits by tweeting.

Golden9 · Jul 5, 2023

People make a lot of money with meme coins if they know how to get in at the right time, how to sell at the right time, and have the patience to hold while knowing that the price can also go down fast anytime

Suba · Jul 5, 2023

Golden9 said:
People make a lot of money with meme coins if they know how to get in at the right time, how to sell at the right time, and have the patience to hold while knowing that the price can also go down fast anytime

In general, those who invest in meme coins are individual whales who can buy meme coins before they are released so the prices are cheaper. When memecoin is listed on a well-known stock exchange, the price will rise, and this is the right time for whales to take profits. This strategy is no different from an IPO in the capital market.

Niyi Briggs · Jul 7, 2023

I can never hold a meme coin and that is why with all the hype of Doge coin, I have never had it. It's volatility is at another level. Meme coins is for early investors to cash out.

Bisolami · Jul 9, 2023

Suba said:
Meme coin is also a cryptocurrency inspired by memes or viral images on the internet, often meme coins only take advantage of momentum and have no clear purpose, coin meme prices tend to be unstable, success is often tweeted by famous people or their communities. Some examples of coin memes are Dogecoin, Shiba Inu, Baby Doge, Dogelon Mars, Samoyedcoin, Pepe Coin etc.

Characteristics of Meme Coins
One of the most prominent characteristics of meme coin is that it has a very high supply, so the price per chip of meme coin is very low.

Risks of Investing in Meme Coin
Because meme coins often only take advantage of momentum and are famous for only a short time, so many retail investors lose money, especially when whales often use it to make profits by tweeting.

They are cryptocurrencies or coins that are just for a little time and they can rise and also go low within a few minutes but people make a lot of money from them and some people also lose a lot of money to them

What are Meme coins?

Suba

Notable

Golden9

Notable

Suba

Notable

Niyi Briggs

Well Known

Bisolami

Very Familiar

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