Someone asked: What are Meme coins?
I usually answer like this: Many Meme coins have no clear use case or revenue backing, and their prices rely almost entirely on community consensus. One major reason Meme coins are so volatile is that they have no fundamental anchor. When sentiment shifts, prices often fall rapidly.
$DOGE 0.08198(+3.37%)
Did we all misunderstand this before?
#DOGE
I usually answer like this: Many Meme coins have no clear use case or revenue backing, and their prices rely almost entirely on community consensus. One major reason Meme coins are so volatile is that they have no fundamental anchor. When sentiment shifts, prices often fall rapidly.
$DOGE 0.08198(+3.37%)
Did we all misunderstand this before?
#DOGE