So this coin has crashed 90% it has bottomed out all day. It’s under the minimum price of the coin from what I’ve seen and it’s been holding in the fours and fives spiked up to the nines and it almost dropped a zero lots of trades going on kind of holding out at the bottom midprice is this a time to get in? Is it gonna build anything back up? Or dead?
Unlike other cryptocurrencies such as Bitcoin (BTC) or Ethereum (ETH) — which primarily serve as digital currencies — developers often create memecoins solely as light-hearted social experiments with limited utility. Many see memecoins as a refreshing departure from the seriousness that often surrounds traditional cryptocurrencies. Memecoins have invited a new generation of users to engage with blockchain technology in an approachable and unconventional manner. However, others see memecoins as extremely risky assets that undermine the legitimacy of ambitious blockchain projects. Whether you agree or disagree, it is still important to understand how memecoins operate, what they are most commonly used for and some of the risks you should know before entering the space.
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submitted by /u/Breadman42000
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