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As far as I know, meme coin are just for fun and don't have a clear project.
Dogecoin is the first meme coin that I know, in 2021 Elon Musk supports the use of Dogecoin, since then the popularity of meme coin has peaked, many new meme coin have emerged such as
- Shiba inu
- floki
- Baby doge coin
- Pepe
and many more.
Even though there is no clear project, many people are still interested in meme coin because they have increased by thousands of%.
Are meme coin worth buying in the long term?
What is your reason for buying meme coin?
Memecoins have good stands in the market, though not all of them are worth investing on due to their volatility and vulnerability to bear season. Mentioning one of the powerful man in the world and also in the crypto industry, Elon Musk have caused many investors to fall back to trenches, like starting from square one and along the line, majority have smiled and boosted their portfolio, all thanks to Elon Musk for making me counts my first profits in the system, when he tweeted about Dogecoin and made the CEO of the projects, he boosted it with good promotions but he abandoned the projects and other projects he was working on in the system and tend to face his companies straightly. Dogecoin is the first meme coin that I know, in 2021 Elon Musk supports the use of Dogecoin, since then the popularity of meme coin has peaked, many new meme coin have emerged such as
- Shiba inu
- floki
- Baby doge coin
- Pepe
and many more.
Even though there is no clear project, many people are still interested in meme coin because they have increased by thousands of%.
Are meme coin worth buying in the long term?
What is your reason for buying meme coin?
Agree. Worth checking out $BRAIN https://www.brainlet.finance
Brainlet Finance is a meme token without the added volatility (due to tokenomics functionality).
Base 274.99% APY..... meme but real, which makes it even funnier
). To date, I've made roughly $2.4k on my $10k stake (24% annualized). Again, this is a long-term play for me.
: Datamine has created a true cryptocurrency (FLUX) that retains value by controlling deflation. To fulfill its various functions, money must have certain properties: Fungibility: its individual units must be capable of mutual substitution (i.e., interchangeability). Durability: able to withstand repeated use. Divisibility: divisible to small units. Portability: easily carried and transported. Cognizability: its value must be easily identified. Scarcity: its supply in circulation must be limited.
