Why are meme coins often on the rise?
In recent years, a new category of digital currencies known as 'Meme Coins' has emerged, such as Dogecoin, Shiba Inu, and Pepe Coin. Although these currencies started as just a joke or a 'trend', they have achieved massive gains in short periods, raising questions: why do they always or often rise? And is this rise logical?
What are meme coins?
Meme coins are digital currencies that often started without clear technical objectives or actual projects, but were created as a joke or satire of the crypto world. The most famous of them: Dogecoin: created in 2013 as a joke on Bitcoin.
Reasons for the frequent rise of meme coins:
1. Media hype and public engagement
Meme coins rely more on trends and 'hype' than on technology. When they spread on social media (Twitter, Reddit, TikTok), a huge number of investors and speculators are drawn to them.
2. Celebrity support
Elon Musk's tweets raised Dogecoin by thousands of percent.
Any support from a known personality can lead to a sudden price increase.
3. Their cheap price:
Many meme coins are launched at a very low price (like $0.000001), which misleads investors into thinking they can achieve huge profits even with small amounts of money.
Is the rise really permanent...?
The truth: No.
.Despite the repeated rises, most meme coins crash quickly after reaching their peak.#CryptoRoundTableRemarks #BinanceAirdropNXPC #TradeWarEases #TradeStories #SaylorBTCPurchase