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Cryptocurrency discussions / Mesmerized by Meme Coins?
« on: March 27, 2024, 04:30:21 AM »There is no question that we are now in the new er where cryptocurrency is here to stay and will continue to even grow further into the future and with its influence already now recognized by many financial institutions and many governments we can be sure its future will be solid, strong and prosperous albeit the presence of government's regulatory power can be creating some tug-of-war from time to time.
Within the cryptocurrency industry, one of the many things that really mesmerized me is the commanding presence of meme tokens. As defined, meme token or coin "is a term used to refer to cryptocurrencies named after characters, individuals, animals, artwork, or anything else that can be mimicked. Most are supported by enthusiastic online traders and followers and are generally intended to be light-hearted and fun. While meme coins may be entertaining to some, they are also highly risky investments and may hold little or no intrinsic value." Considered as the official meme coin, Dogecoin was released intended as a joke but then it slowly catches fire and supporters and today it even got Elon Musk as its most famous supporter and promoter...such an achievements are certainly not a joke, for sure.
In my humble view, I would compare meme coins or tokens to comedy movies which are intended to make people laugh and be entertain but looking at them as a business model they can be bringing in gargantuan money to the box-office with the support of the viewing public.
What are the meme coins included in your portfolio as we are waiting for the bullish season to peak in 2024 and 2025?