Someone asked: Why can meme coins bring together such a large crowd?
My answer: PEPE’s Pepe the Frog and Dogecoin’s Shiba Inu, Kabosu, are both meme characters that have been circulating online for many years. Much of a meme coin’s value comes from consensus: the more people are willing to discuss and hold it, the more buzz it gets; conversely, once people disperse, it’s hard for the price to hold up.
$DOGE 0.08393（-1.44%）
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#DOGE
My answer: PEPE’s Pepe the Frog and Dogecoin’s Shiba Inu, Kabosu, are both meme characters that have been circulating online for many years. Much of a meme coin’s value comes from consensus: the more people are willing to discuss and hold it, the more buzz it gets; conversely, once people disperse, it’s hard for the price to hold up.
$DOGE 0.08393（-1.44%）
If you found this helpful, save it so you can look it up later.
#DOGE