DISCLAIMER: The #MoonshotMonday series is for entertainment purposes only and IS NOT investment advice. #DYOR Happy reading!
Love it or hate it – crypto investing is a communal experience.
Often known as Meme Coins, community-driven tokens such as DOGE and SHIB manifest the power of the people, and can quickly gain popularity overnight due to online endorsements and FOMO.
While cryptocurrencies like the hi Dollar are created as a means of solving real-world problems, Meme coins on the other hand are often created with no real utility whatsoever. They simply exist as a cryptocurrency that’s attached to a meme.
There are usually 3 reasons people choose to put their hard-earned money in a Meme coin:
1. To be part of an inside joke, movement or underground community.
2. The potential massive gains if the coin takes off. (Beware, investing in Meme Coins comes with high risk).
3. FOMO.