I guess the hype of meme coin is not funny any more to meme coin investors. We are talking about Dogecoin, SafeMoon and BabyDoge. These coins got a hype jokingly by Elon Musk except Safemoon.
Dogecoin was the first to get hyped by the millionaire because he loves meme and Dogecoin happens to be a meme coin. Initially we saw Doge coin’s price spike up really high, this brough a lot of excitement towards it, especially when Elon Musk was going to be the host of the famous SNL(Saturday Night Life) show. Days before the show, a lot of people bought the coin based on the SNL hype bought sadly the coin dropped from $0.7 to $0.3. But recently, we are seeing Dogecoin hovering below $0.2. It has had a 20% drop since the last 30 days. Coupled with the Twitter rant the meme coin Co-creator made towards how toxic the crypto community was, I guess people aren’t laughing at meme anymore.
Baby Doge is another meme coin that Elon Musk promoted, it seemed planned at the same time unplanned. This is because he promoted the coin through singing the famous baby shark song but used baby doge instead. Being a man that likes meme and plays around with his tweet, a lot of people couldn’t tell if it was a joke or financial advise. But invested any ways, the coin had a massive pump and saw an increase in price. But unfortunately the price has crashed, having a price fall of 42% from a price of $0.000000005890. It’s also right to know that it doesn’t have a verified market cap.
Safemoon Is another coin that am guilty of buying out of FOMO. I bought this coin because my neighbor had made massive profit from the coin. But honestly speaking , it’s a shitcoin that am hoping becomes something revolutionary. The team claim to be working really hard to prove to people that it’s not a rugpull coin. Although the coin is known for having a massive price spike ranging over 2,000%. But it has seen a 40% price decrease in the last month.
