It is Long Friday, and it is a day to think about the great values in life. But, it is also possible to think about the stupidities in life, such as dogwifhat ($WIF) being a number one token in the crypto world in the last 24 hours. Yeah, you got that right... yet another stupid MEME coin on Solana is booming and it is currently the THIRD largest memecoin in the world, behind Dogecoin and SHIB. In other words, it has outperformed BONK, Floki, PEPE, and many other coins and is currently the #38 largest coin in the crypto world.
Yesterday I noticed a tweet from Anthony Pompliano about how the USA has turned into a country of gamblers. Since the money is inflated, people are set out to use their money, and it forces people to take risks, because a normal interest of 5% isn't enough for anything. One of the consequences is gambling, not only in Las Vegas, but also buying cryptos and all sorts of stuff hoping for quick gains.
And can you imagine that the official website of dogwifhat looks worse than the first website I created myself back in 1998? https://dogwifcoin.org/
But, we know that MEME-coins are capable of rallying nowadays, and this is yet another example of that. And once again, it is running on Solana, just like Book of Meme that was the token of the day a couple of weeks ago. But, be aware... as I wrote about Book of Meme, it was about #90 in market cap, since then it has fallen to #130, so things happen quickly here.
Worth knowing before you buy something I mention here...
First of all, I write about all sorts of token based on price movements in the last 24 hours. I don't write about tokens I love, neither do I write about tokens I believe in. I simply write about tokens that has had a great move in the last 24 hours. This is not financial advice in any way.
In fact, a token that has had a great movement in the last 24 hours often ends up performing bad afterwards (unless it is on a super-run), so a token with a great curve the last 24 hours is often dangerous because it can easily fall back. Once again, this is not financial advice.