For those who have contacted me about cryptocurrencies and what is specifically known as

Meme coins

With the increasing popularity of meme coins recently, from Dogecoin to Pepe,

questions have begun to multiply about what they are and whether investing in this type of currency is a smart move?

To begin with, Meme coins are often classified as a joke

Meme coins are cryptocurrencies that have gained great popularity in a short period of time

This is usually the result of influencers and individual investors promoting them online.

Dogecoin is the original meme coin

It was created as a joke based on a meme that appeared in 2013 and became famous after Elon Musk started tweeting about this cryptocurrency

Retail investors started buying it in large numbers

The same thing happened a few days ago with the pepe coin where the coin rose and its price increased by an amazing percentage

It is possible that the hype created around PEPE is another factor that attracts new investors and boosts its price

It is a known fact that people tend to follow growing trends and feel inclined to enter a project that has gained public attention

We must draw great attention here!!!

Although cryptocurrency may seem like an asset that can make people rich overnight

There are some challenges for inexperienced investors such as security risks and enhanced market volatility.