AMP Raider Reveals
New Case Study On
What are meme coins? Meme coins are cryptocurrencies
inspired by memes or jokes on the Internet and social
The first meme coin created was
launched in 2013 as a parody,
DOGE was inspired by the
popular Doge meme of a
Japanese Shiba Inu dog.
What Makes Meme Unique? Perhaps MEME's most recognizable unique feature
is its lack of utility - it exists purely for investors to perform classic DeFi activities,
and there is no project behind it to give it innate worth.
Several traders then turned to
other meme coins on the market,
such as the "Dogecoin killer"
At the same time, retail investors were FOMOing into
meme coins hoping to become millionaires overnight.
Still, holding millions of a
specific meme coin feels
different than owning a fraction
of ETH or BTC.
Apart from the potential profits, the meme coin frenzy is also
driven by their respective community sentiments.
Meme coins are inspired by popular
Internet memes, intended to be fun,
and sometimes considered an
"Insider joke" for a community.
Following the GME stock market saga, meme coin traders
inspired by the Reddit group SatoshiStreetBets started a
"David vs.Goliath" battle to
bet against the mainstream
Where to invest in meme coins Meme coins might have seen exponential
growth in 2021, but like all cryptocurrencies, trading and investing in
meme coins carries high financial risk.
How Are Meme Coins Different From
Mainstream cryptocurrencies such as
Bitcoin have been created with specific
technology to boost trading and
transaction in the crypto market.
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