The Return of the Meme Coin
Reports of their demise were greatly exaggerated
Some people called 2021 the year of the meme coin. $DOGE surged in popularity, followed by $SHIB and several others. The extremely speculative side of crypto (read: gambling) experienced a frenzy of new investors and prices rode a wave to all-time highs.
That died down during the subsequent bear market, but recently, interest has returned.
Those willing to bet on a long shot have turned their attention back to $DOGE and are adding others to the mix. Some says a new era of meme coins is about to begin.
To be clear, I’m not saying these are good investments, but meme coins do have a way of bringing a lot of attention to crypto. Their wild price swings can make millionaires overnight, and their ability to trend on social media can create a frenzy that attracts investors to other digital assets.
Plus, meme coins are fun.
Just don’t put money down that you aren’t absolutely willing to lose.
Plus…
The “experts” are back with a prediction about Bitcoin’s 2023 price
A man who stole $21 million in Bitcoin from his brother is headed to prison
The Crypto Connection is for entertainment purposes only and is not meant to be financial advice. Please do your own research before investing in any asset class. Sara Celi is not a financial advisor, and holds several cryptocurrencies. To purchase her books on Amazon, please click here.