โLETS UNDERSTAND IT IN EASY LANGUAGEโ
๐๐๐๐ฉ ๐๐ง๐ ๐๐๐ข๐ ๐พ๐ค๐๐ฃ?
Meme coins also know as โJOKE COINโ is a cryptocurrency that thrives on social media hype, internet culture, and community engagement, e.g TRUMP, SHIB, PEPE, MELANIA etc.
โข Moreover, they're initially created as supposed jokes or parodies, they have gained traction because of speculative interest. Hope this helps you if you don't know about it before or if you're a beginner.
๐ด๐๐ค๐ฌ ๐๐๐ฉ๐จ ๐๐๐จ๐๐ช๐จ๐จ & ๐๐๐๐ช๐ง๐ ๐ค๐ช๐ฉ 5 ๐ข๐๐๐ฃ ๐ฟ๐๐จ๐๐๐ซ๐๐ฃ๐ฉ๐๐๐๐จ & ๐ฟ๐๐ฃ๐๐๐ง ๐ค๐ ๐๐๐ข๐ ๐พ๐ค๐๐ฃ.
(1) EXTREME/HIGH VOLATILE
(2) LIQUIDITY ISSUES
(3) SECURITY RISK
(4) SPECULATIVE BUBBLE
(5)LACK OF INTRINSIC VALUE
(You can read more about it on internet, all these points extracted from basics like Markets Risk, Security Issue, Technical Risk, Investment Risk etc)
๐ ๐๐๐๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐
โ ๏ธ$TRUMP is a meme coin created on Solana blockchain.
- Launch Date: July 13, 2024
- All-Time High (ATH): $75.35 on January 19, 2025 ยน
- All-Time Low: $6.24 on January 18, 2025
๐ But you can checkout below(in the picture) how it price drops from All-Time High(ATH) & where it is now standing, the above mentioned points are its main reason. Hope you understand it now about it & some basic, dark side of meme coins. This is same with all meme coins, you can figure out these in other meme coins too.
๐ข ๐ฟ๐๐๐พ๐๐ผ๐๐๐๐: This information is for educational purposes and should not be considered financial advice. Investing in meme coins carries significant risks, and it is crucial to conduct thorough research and understand the risks before making any investment decisions.
๐For any queries & question, ask me in the comments section!
