Educational Post:
What are meme coins?
Meme coins are cryptocurrencies inspired by memes or jokes on the Internet and social media. The first meme coin created was Dogecoin (DOGE). Launched in 2013 as a parody, DOGE was inspired by the popular Doge meme of a Japanese Shiba Inu dog.
Meme coins tend to be highly volatile. They are mainly community-driven and can gain popularity overnight due to online community endorsements and FOMO. Still, their price can also slump unexpectedly when traders turn their attention to the next meme coin.
Another characteristic of meme coins is that they often have a huge or unlimited supply. For example, Shiba Inu (SHIB) has a total supply of 1 quadrillion tokens, while DOGE has no maximum supply, and over 100 billion tokens are already in circulation. As meme tokens generally do not have a coin-burning mechanism, the huge supply explains their relatively low prices. With just $1 USD, you can buy millions of meme tokens.
Another reason why retail investors find meme coins attractive is that they typically only cost a few cents or even a fraction of a cent. Technically, the low price doesn’t mean much because these coins have huge supplies. Still, holding millions of a certain meme coin feels different than holding a fraction of ETH or BTC. Traders can get thousands or even millions of DOGE, SHIB, or Akita Inu (AKITA) tokens with just a few dollars.
What are meme coins?
Meme coins are cryptocurrencies inspired by memes or jokes on the Internet and social media. The first meme coin created was Dogecoin (DOGE). Launched in 2013 as a parody, DOGE was inspired by the popular Doge meme of a Japanese Shiba Inu dog.
Meme coins tend to be highly volatile. They are mainly community-driven and can gain popularity overnight due to online community endorsements and FOMO. Still, their price can also slump unexpectedly when traders turn their attention to the next meme coin.
Another characteristic of meme coins is that they often have a huge or unlimited supply. For example, Shiba Inu (SHIB) has a total supply of 1 quadrillion tokens, while DOGE has no maximum supply, and over 100 billion tokens are already in circulation. As meme tokens generally do not have a coin-burning mechanism, the huge supply explains their relatively low prices. With just $1 USD, you can buy millions of meme tokens.
Another reason why retail investors find meme coins attractive is that they typically only cost a few cents or even a fraction of a cent. Technically, the low price doesn’t mean much because these coins have huge supplies. Still, holding millions of a certain meme coin feels different than holding a fraction of ETH or BTC. Traders can get thousands or even millions of DOGE, SHIB, or Akita Inu (AKITA) tokens with just a few dollars.
We are in a #Bitcoin miner capitulation period.
The growth in cumulative miner to exchange flows spiked recently at a time of low prices.
In the chart we can see when miners:
- Sold at times of high market profits (🟩🟨🟧🟥)
- Sold at times of market losses/capitulate (🟪🟦)
The growth in cumulative miner to exchange flows spiked recently at a time of low prices.
In the chart we can see when miners:
- Sold at times of high market profits (🟩🟨🟧🟥)
- Sold at times of market losses/capitulate (🟪🟦)
UTK/BTC
Utrust (UTK) was designed to provide a solution to the problems resulting in low usability of cryptocurrency as means of payment, particularly the underdeveloped transactional security of payment platforms and relatively high fees.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 683-850-975-1355 satoshi
Stop if 1D close below 503🚨
Utrust (UTK) was designed to provide a solution to the problems resulting in low usability of cryptocurrency as means of payment, particularly the underdeveloped transactional security of payment platforms and relatively high fees.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 683-850-975-1355 satoshi
Stop if 1D close below 503🚨
Crypto Chart Alerts
Bitcoin is trying to hold the support level. A close below this support is bearish. BTC need to break and hold above $20,000 to get some positive momentum. Lets see how global markets react on Monday.
#BTC still hodling above the support zone but now forming the symmetrical triangle pattern. A breakout either will decide the Direction of new impulsive move. Till now, all the support and resistance will remain the same.
#Glassnode data
Bitcoin Whales Now Control 45.6% of BTC Supply & Continue to Aggressively Accumulate.
Bitcoin Whales Now Control 45.6% of BTC Supply & Continue to Aggressively Accumulate.
DREP/BTC
DREP is committed to building “connectors” and “toolboxes" based on blockchain technology, and aims to provide solutions that combine ease of use, flexibility, and frictionless integration.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 3100-3450-3875-4285 satoshi
DREP is committed to building “connectors” and “toolboxes" based on blockchain technology, and aims to provide solutions that combine ease of use, flexibility, and frictionless integration.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 3100-3450-3875-4285 satoshi
Crypto Chart Alerts
DREP/USDT lying above strong support. Stochastic is giving a buying signal. It will bounce hard from here. so now is the right time to build your position in it before breakout for massive profits😊 Targets: $0.6106-0.7255-0.8505-0.9565 SL: $0.4345
DREP every time pumped hard from this demand zone as previously observed, now after a bear trap it's looking more stronger 🚀
don’t miss it out 😊
don’t miss it out 😊
Crypto Chart Alerts
#BTC still hodling above the support zone but now forming the symmetrical triangle pattern. A breakout either will decide the Direction of new impulsive move. Till now, all the support and resistance will remain the same.
Bitcoin give a breakout above the resistance of $20,000 area. The next resistance is $21,000-$21,500 level and a close above $21,500 is bullish. Market is ranging between support and resistance. Wait for a breakout above the resistance for long positions.
5 Common Cryptocurrency Scams
1. Social Media Giveaway Scams
It’s amazing, nowadays, how everyone seems so generous on the likes of Twitter and Facebook. Check the replies to a tweet with high engagement, and you’ll no doubt see that one of your favorite crypto companies or influencers is doing a giveaway. If you send them just 1 BNB/BTC/ETH, they promise to send you back 10x that amount! It seems too good to be true, doesn’t it? Unfortunately, that’s because it is. That’s a pretty good rule of thumb to apply to many of these scams.
2. Pyramid and Ponzi schemes
Pyramid and Ponzi schemes are slightly different, but we’re placing them into the same category because of their similarities. In both cases, the scam relies on a participant bringing new members with the promise of incredible returns.
3. Fake Mobile Apps
It’s easy to overlook the warning signs on fake apps if you’re not careful. Typically, these scams will direct users to download malicious applications – some of which mimic popular ones.
Once the user installs a malicious app, everything might seem to work as intended. However, these apps are specifically designed to steal your cryptocurrencies. In the crypto space, there were many cases where users downloaded malicious apps whose developers masqueraded as a major crypto company.
4. Phishing
Even newcomers to the crypto space will undoubtedly be familiar with the practice of phishing. It typically involves the scammer impersonating a person or company to extract personal data from victims. It can take place across many mediums – telephone, email, fake websites or messaging apps. Messaging apps scams are particularly common in the cryptocurrency environment.
5. Vested Interests
When it comes to investing, you should never take someone’s word for granted on what cryptocurrencies or tokens to purchase. You never know their true motives. They may be paid to promote a particular ICO or have a large investment of their own. This goes for random strangers all the way to popular influencers and personalities. No project is guaranteed to succeed. In fact, many will fail.
1. Social Media Giveaway Scams
It’s amazing, nowadays, how everyone seems so generous on the likes of Twitter and Facebook. Check the replies to a tweet with high engagement, and you’ll no doubt see that one of your favorite crypto companies or influencers is doing a giveaway. If you send them just 1 BNB/BTC/ETH, they promise to send you back 10x that amount! It seems too good to be true, doesn’t it? Unfortunately, that’s because it is. That’s a pretty good rule of thumb to apply to many of these scams.
2. Pyramid and Ponzi schemes
Pyramid and Ponzi schemes are slightly different, but we’re placing them into the same category because of their similarities. In both cases, the scam relies on a participant bringing new members with the promise of incredible returns.
3. Fake Mobile Apps
It’s easy to overlook the warning signs on fake apps if you’re not careful. Typically, these scams will direct users to download malicious applications – some of which mimic popular ones.
Once the user installs a malicious app, everything might seem to work as intended. However, these apps are specifically designed to steal your cryptocurrencies. In the crypto space, there were many cases where users downloaded malicious apps whose developers masqueraded as a major crypto company.
4. Phishing
Even newcomers to the crypto space will undoubtedly be familiar with the practice of phishing. It typically involves the scammer impersonating a person or company to extract personal data from victims. It can take place across many mediums – telephone, email, fake websites or messaging apps. Messaging apps scams are particularly common in the cryptocurrency environment.
5. Vested Interests
When it comes to investing, you should never take someone’s word for granted on what cryptocurrencies or tokens to purchase. You never know their true motives. They may be paid to promote a particular ICO or have a large investment of their own. This goes for random strangers all the way to popular influencers and personalities. No project is guaranteed to succeed. In fact, many will fail.
Crypto Chart Alerts
MC/BTC Merit Circle is a decentralized autonomous organization (DAO) that focuses on developing the play-to-earn (P2E) economy. Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from…
MC/BTC Reached 4541 SATs. more than 21% Quick profit in terms of BTC.
POLS/BTC
Polkastarter is a blockchain platform designed to provide an easy to use launchpad for cross-chain token pools and auctions.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 2913-3345-3955-4455 satoshi
Polkastarter is a blockchain platform designed to provide an easy to use launchpad for cross-chain token pools and auctions.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here. so now is the right time to build your position in it before breakout for massive profits😊
Targets: 2913-3345-3955-4455 satoshi