In recent times, one trend has been making waves on the news as well as among investors and influencers alike;
meme coins
As a crypto blogger on the Hive Blockchain as well as in the inleo community, I have observed these so called ‘frivolous’ tokens growing into strong market players.
I think it's high time people took notice.
Meme coins have long suffered from stigmatization, characterized by disbelief and disregard.
However, with influencers realizing how much money can be made through these coins, the tables are turning.
Meme coin equals attention plus money,
which is why they are potentially a dominant force during the impending bull run.
I have not stopped singing praises and talking about meme coins to my buddies, even though it has been quite some time now. While everyone else was laughing at the concept of memes being used for payment online, I saw what was coming.
In my opinion, what really makes these currencies special is how their narratives resonate with people, and drives FOMO(fear of missing out) more than anything else does.
For instance, think of the case where a person put some little money into a meme cryptocurrency coin on impulse, then Bam! It starts to increase in value rapidly. Such stories are what dreams are made of and this is exactly what people are after today, in the crypto world.
But it’s not just about the potential for huge gains – it also involves the psychology of gambling, as a cultural phenomenon.
Do you know that gambling culture has been the fastest growing industry for two years in a row?
Yeah!
Meme coins encapsulate this culture; they provide investors with excitement and uncertainty.
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So You may wonder 🤔, which meme coin you should be focusing on among the myriad of options out there:
Let me introduce you to Brett, based on the basechain, a rising star in the meme coin universe.
This coin is nestled within Coinbase's layer two ecosystem and it has gained momentum at an unprecedented pace.
What sets Brett apart is its connection to Coinbase, that boasts of 70 million users.
With Coinbase about to onboard these users into its layer two ecosystem, growth potential becomes almost limitless for it. As a flagship meme coin in this ecosystem, Brett has no ceiling.
Brett could even become the fastest meme coin in history to achieve a market capitalization of one billion dollars. In fact, as it continues on its current trajectory far ahead of even Pepe, all signals point there.
There is an essential truth beyond all this hype and speculation that investors must come to terms with, and that is:
meme coins are here to stay.
They represent a new frontier in cryptocurrency where attention and storytelling reign supreme.
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But hey! For you to take a plunge into this investment, don’t forget the fact that crypto market is extremely volatile. The price may rise dramatically and the next moment it will fall sharply down. Hence, one must be careful when deciding to involve meme coins in investment and invest only what is affordable.
Although the fascination with meme coins can be overwhelming, great care should be taken when diving into the turbulent waters of the cryptocurrency market.
My love for meme coins is strictly based on my own viewpoints and experiences, so you need to do your research before making any decisions of your own as well.
Always do your due diligence as it does not take a genius to understand that investor A’s strategy may leave investor B in ruins after all.
Have fun investing guys!
I appreciate your time spent reading about my views. I look forward to seeing where cryptocurrencies and blockchain technology will take us!
Best,
The Leo Writer ✍️
Posted Using InLeo Alpha