The term “meme” comes from Richard Dawkins’ 1976 book “The Selfish Gene.” A genetic meme, as described by Dawkins, is a gene that copies itself and proliferates throughout the species by way of Darwinian natural selection. A cultural meme is, similarly, a behavior or idea that spreads throughout a culture even faster. If I share a joke with you and you share it with your … [Read more...] about The Psychology of Meme Coins, From Actual Investors
The concept of meme coins has become one of the most talked-about investment opportunities in the crypto space, with shiba inu’s 50,000,000% price gain in the last 12 months serving as a reminder of the potential profitability of these internet trend-inspired coins.And while the huge upside potential of these assets and their seemingly innocent animal-centric mascots are hard … [Read more...] about Investing in Meme Coins? 3 Things Every Crypto Trader Should Know
Shiba Inu hit a two-week high on Tuesday, of $0.00005463, before profit-taking gave up most of the gains to close the day at $0.00004729.Source: SHIBUSDT on TradingView.comFollowing an incredible October, in which $SHIB peaked at+ 1,140% on October 28, it’s been downhill for the Dogecoin rival since.$0.00003807 marks a critical level of support for Shiba Inu, having bounced off … [Read more...] about Shiba Inu makes a comeback, but are meme coins sustainable long term?
Meme tokens and dogcoins have been an integral part of the ongoing market-wide bull run in the cryptocurrency markets. Among the plethora of these tokens that have been flooding the market, two of these tokens, the longer-standing memecoin Dogecoin (DOGE) and Shiba Inu (SHIB), have gained the most traction and popularity.Most recently, SHIB started rallying on Oct. 23 from … [Read more...] about Meme tokens and dogcoins flood the market as price wars heat up
DOGE is set to make its pop culture debut. As a weeklong pump carries the meme cryptocurrency up 12% on the daily to $.33 and a staggering 43.8% higher on a 7-day basis, some are now speculating the rally could be fueled perhaps in part by a social media tease from billionaire Elon Musk that he’ll be participating in a Saturday Night Live sketch titled “The Dogefather.” The … [Read more...] about Elon Musk, DOGE market maker? Meme currency pumps as SNL skit looms