These memes egg no coiners to act now before it’s too late. Tesla CEO Elon Musk has been wreaking havoc in the crypto space. Well, not everything he does causes chaos, but his tweets create some pretty chaotic changes in the crypto trading scene. Remember how Dogecoin’s price skyrocketed after his tweet last year? That gives you a glimpse of his impact on the crypto world. The new meme currency based on his dog, Baby Floki, is worth watching out for too.
People doubt that Facebook’s Metaverse will be decentralized. Not so long ago a Norwegian billionaire Øystein Stray Spetalen went from saying “bitcoin is nonsense currency” to investing $50 million into bitcoin in a week. He also joined the board of Norway’s largest crypto exchange. BitConnect produced probably one of the greatest memes in crypto when Carlos Matos appeared at the company’s first annual ceremony in Thailand.
The meme also shows signs of substance abuse beside the bed highlighting the stressful nature of crypto investing and the effects that experiencing losses can have. It doesn’t look like this crypto investor is going to make it to the moon or be buying Lambo’s anytime soon. Ah Dogecoin, no crypto meme list would be complete without an inclusion of the beloved original meme coin that started it all. The concept of crypto can be tough to grasp for many out there who still feel that Bitcoin is, “rainbow money,” with no real value. The first crypto meme on the list falls under the classic, How I Think I Look, vs How I Actually Look, category.
Want to know just how shockingly high the fees are? What once was a mere misspelling of “hold” has become an acronym for “hold on for dear life.” With the crash this year, crypto traders and enthusiasts are egging each other to HODL. Memes are still rolling to keep them clinging on despite the plunging prices.
Its value increases whenever Elon tweets about his dog. It’s also deflationary, so the more people there are who use it, the higher its value increases. Cryptocurrencies have gained massive popularity in India, especially among the country’s vast younger population from 2020. As cryptocurrency occupied one of the top spots on the trends list on Wednesday, social media users began discussing about it on Twitter, but with memes and jokes. One of the barriers to entry for institutions getting involved in this asset class is the amount of volatility that exists in this market.
