Hello everyone welcome to my blog. I want to talk about meme coins.
I just realized that for the past few days I've just been so obsessed with meme coins and the more I study and more I want to know, that's really a nice feeling, I will say that studying is interesting when you learn and know within your self that you're actually growing.
I came across a video online that made me want to know more about trading.
Meme coins as the name implies is a coin that was originated by Internet joke for the purpose of entertainment.
As a novice in the crypto space I was surprised to know about this. Now I want to set real time example, even here on hive the are some native meme tokens infact plenty of them, coins like #pepe #dook #LOLz coins and the rest.
Anyone could possibly say that these coins are all trash as that's what it is, so they have less attention from investors, these coins are so much in crypto space that the have a very large supply that comes with a very low market capitalization. You will be amazed with the prices of this coins as I was too.
Meme coins can be difficult to trade
Trading meme coins has never been firstly considered in the mind of big crypto traders, the possibility of trading it is typically low compared to Altcoins. Why is it so? It is so because
1-meme coins lacks market stability, because of the low attention given to meme coins compared altcoins the prices are volatile in other words quick or perishable.
2-So many meme coins are usually not listed on exchanges unlike the altcoins, we all know when coins are in preparation for listing and how it is, the info, the news and the happiness of the potential miners of the token. When coins are listed on popular exchanges there have easier access and automatically increases in liquidity.
3-memecoins lack reputable source of information and availability, when I first learned about meme coins I was already wondering why there are so much meme coins that I haven't heard and seen before yet are available in bundles.
4-and lastly, smaller trading pairs, altcoins often have more trading pairs to make things easier for beginners, intermediate and professional traders, meme coins on the other hand lack trading pairs for conversion so that's why they're networks in mainnet, which simply categorize different DEFI and DEX.
The is so much about meme coins that we definitely need to learn, this is just the beginning of this series stay tuned for more post about meme coins and altcoins as a novice.
Everyone can also make some good earnings from trading meme coins, as we begin I will touch all aspect of it.
Hope this post helps somebody understanding about meme coins at the moment.
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