Certain cryptocurrencies such as Shiba Inu (SHIB) and Dogecoin (DOGE) have skyrocketed by 40% in response to Elon Musk’s support. Tesla’s CEO Musk, also known as the self-proclaimed Dogefather, continues to back the Shiba Inu-themed community. Experts believe that the SHIB downtrend is coming to an end.
If you are not familiar with meme coins, meme tokens are cryptocurrencies designed to recognise memes, videos or other forms of media. Usually, they are based on a certain funny idea captured in an image, designed to go viral and shared.
Meme tokens have an unlimited supply with their popularity deriving from pop culture. It is worth noting that the meme coin market can be very volatile and can change in a short period of time. The reason for their volatility is due to the fact unlike normal fiat cryptocurrencies, meme coins are uncapped meaning that there is no limit on how many of them can exist.
The value of the coin is usually decided by how viral the meme has gone. They are designed to exclusively be traded and usually have a very low value per token. They take advantage of blockchains and related technology that comes with them and use smart contacts such as Solana (SOL) and Ethereum (ETH). Although being new to the market, there are an estimated 200 meme coins around on these blockchains with many more currently in their presale phase entering the market.
They can be sold, traded and bought like any other cryptocurrencies by visiting marketplaces or by downloading their app if there is one. Most investors tend to buy when low and sell when high as they are not designed to be staked or are in a decentralised autonomous organisation (DAO).
Despite the fact they are not considered the most stable investments many have profited from being token holders, meaning there is a chance to make large amounts of money.
You can do that by verifying that liquidity pools are held by burn addresses, and by ensuring that the meme coin project has been audited by a reputable third party. You usually do not want developers or a single person to hold more than five per cent of the token’s total supply. By keeping these in mind and by conducting your own research there is a strong opportunity that meme tokens could be the ones to make you rich.
Why RoboApe (RBA) is Unique
In its presale phase, RoboApe (RBA) is a meme token looking to revolutionise the crypto world offering many diverse services. Unlike other tokens, it has an incredible utility aiming to give back to the community more than what it takes by providing a DeFi platform for crypto and meme fanatics.
The RoboApe Academy, RoboApe eSports and RoboApe Swap are some of the features the platform offers, together with RoboApe’s native currency RBA.
What is New With Dogelon Mars (ELON)?
Launched in 2021, Dogelon Mars (ELON) is a universal currency by space colonisers. It aims to replicate the success of Dogecoin (DOGE) while trying to bring Elon Musk’s goal to colonise Mars. The founders have locked 50% of all ELON liquidity in the Uniswap liquidity pool. Developers have said that donating Dogelon Mars (ELON)can save money on your taxes.
If you are looking for an upcoming meme token to consider RoboApe (RBA) is a strong coin to evaluate.
Learn more about RoboApe (RBA) and their presale by clicking on the links down below:
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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