Meme Coins are the best cryptocurrencies to invest in if you want fast exponential profits, popular pseudonymous crypto expert Altcoin Sherpa explained in a recent Twitter thread.
According to Sherpa, meme coins can do something that a “normal” coin like bitcoin cannot. Means 500 times in a few days.
The Sherpas explain that this is because they are built around a “simple idea” like the dog, meaning that “you don’t need a big brain to figure it out and you don’t need complicated steps to work with it.” No need to go through”.
A recent example of this is the rapid jump in price and market cap of a meme coin called Pepe which was launched on Sunday.
As of Tuesday, it was up 21,000% and reached a market cap of $33 million.
Pepe is a token based on the Internet meme of Pepe the Frog that is often associated with online trolling.
meme coins also pose a lot of risk
Altcoin sherpas suggest that meme coins are one of the easiest ways to generate exponential profits in crypto, which also came with a heavy dose of warnings for investors.
“Meme Coins are mostly rugs, do nothing productive, take 0 effort to create, and are mostly here for the biggest gamblers, degenerates, and plebes in the crypto space,” explained the account.
He added, “The chances of you coming out strong in these meme games are very high and I really don’t recommend it to a lot of people.”
A rig pull is when a developer sells a worthless coin to the general public.
Investors are often scammed into buying the said coins through false promises.
Crypto “degenerates” are broadly defined as investors who are willing to take large risks with their money by investing in highly speculative projects, normally overestimating what they are investing in ( or anyone) without doing due diligence.
Cryptonews.com’s favorite meme coins
While it is true that most meme coins are scams (there are thousands out there that are worthless), the Industry Talk team at CryptoNews.com has taken the time to look at some of the best meme coin projects in the crypto space.
These are all meme coins that actually have some utility and value, and haven’t just been pushed in front of the public to scam them out of a quick buck.
Team likes established names dog coinoriginal meme coin, and Shiba Inuas well as some newer but now fairly well established competitors such as Doglen Mars And baby dog coin,
But what the Industry Talk team is most excited about are two brand new meme coins called Tamadoge (TAMA) and Love Hate Inu (LHINU), both backed by highly promising projects that serve a unique new usecase. offer.
starting with Tamadoge It is the cryptocurrency that powers an in-development Shiba Inu dog-themed Web3 gaming ecosystem called Tamaverse.
The Tamadoge team is currently working on expanding the already launched Tamadoge Arcade, which allows users to play and compete in a variety of games using Tamadoge NFTs, all the while earning TAMA tokens.
The team expanded the scope of its flagship Tamadoge NFT pet-rearing game, including the creation of a new metaverse and augmented reality experience.
TAMA can be bought on various crypto exchanges and will soon be launched on a major tier-1 crypto exchange, which may increase its value.
love hate inuMeanwhile, there is cryptocurrency that will power a brand new stake-to-vote and vote-to-earn social media polling platform.
Users will be able to debate, discuss, and vote on the world’s most controversial issues related to culture, art, politics, science, or just about anything, all through a brand new decentralized on-chain voting system.
Love Hate Innu’s LHINU token is currently available through the project’s presale, which can be accessed here.
As always, investors are strongly encouraged to do their own due diligence before depositing their hard earned money in these cryptocurrencies, or any investment for that matter.
This would include reading and understanding project white papers, project roadmaps, etc. and having a good handle on concepts like project toenomics.