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Earlier this week, the meme coin Shiba Inu flipped Dogecoin becoming the #1 meme coin cryptocurrency. Although many crypto purists may lament the fact that we have two meme coins in the top 10 cryptocurrencies, I do think that there is an important lesson for cryptocurrency investors. First, we can see that meme cryptocurrencies have a powerful way of connecting with their audience and getting “free” marketing and promotion. Second, I do see a trend in which “meme” coins are incorporating more and more useful features as well. #shibarmy #shib #shibainu Not financial or any other kind of advice. Timestamps 00:00 Introduction 02:01 History of Doge 03:23 Why Meme Coins Moon 04:30 Progression of Meme Coins 06:10 Floki Inu 10:48 Key Points
Earlier this week, the meme coin Shiba Inu flipped Dogecoin becoming the #1 meme coin cryptocurrency. Although many crypto purists may lament the fact that we have two meme coins in the top 10 cryptocurrencies, I do think that there is an important lesson for cryptocurrency investors. First, we can see that meme cryptocurrencies have a powerful way of connecting with their audience and getting “free” marketing and promotion. Second, I do see a trend in which “meme” coins are incorporating more and more useful features as well. #shibarmy #shib #shibainu Not financial or any other kind of advice. Timestamps 00:00 Introduction 02:01 History of Doge 03:23 Why Meme Coins Moon 04:30 Progression of Meme Coins 06:10 Floki Inu 10:48 Key Points