Some friends, after stepping into the cryptocurrency world, feel that investing in Bitcoin is too slow to make money, so they go down the wrong path and start betting wildly on meme coins.
So, what is a meme coin?
A meme coin is actually a type of coin that is casually issued by some funding schemes and scammers on open-source public chains in the cryptocurrency space, and after being packaged by professional teams, it is heavily promoted in various communities.
These coins can rise hundreds of times during a bull market, attracting many investors who wish to get rich overnight.
Especially those meme coins introduced by acquaintances or so-called "experts" have an irresistible appeal for them. They are willing to spend large sums of money, dreaming of earning enough to buy several houses in one go.
However, from the people I know, not a single person has made money by investing in meme coins; they have all lost their capital.
Sometimes, the project parties of these meme coins paint a beautiful future blueprint, but in the blink of an eye, the project collapses, and all the coins become worthless in an instant.
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