Top Meme Coin Under $1 Expected to Explode in 2024 #MemeWatch2024
“The Rising Star, “DOGS” Coin Era “
The crypto world cannot be separated from various coin categories. There are things called mother coins or parents like Bitcoin (BTC), there are also things called alts coins or alternative coins, and another coin category that is "interesting" and is always looked at by traders to take opportunities there, namely Meme coins.
Memes coin is a crypto asset that is community based and inspired by something viral such as "memes" or other pop culture. The characteristics of this coin are that it is a high risk, high return coin for traders. This characteristic can be present because coin memes usually have a purpose that is not very clear in terms of use cases for real life and can be said to be coins for fun only and driven by support from the community.
As a result of meme coins which usually move because of the enthusiasm and support of the community, Memes coins have the characteristics of price movements in the market, namely that they can rise very bullish massively, and can also dump massively at one time. An example that can be imagined for the movement of this Memes coin is that it can rise up to 100% in 2 hours, but it can also be -100% (Minus 100%) in 2 hours. It looks very volatile and is enough to make the market fluctuate, but this is where Memes coin is "beautiful" because there are many opportunities that can be sought with rapid volatility in the market.
If we look back, one of the famous coin memes is DOGE COIN. DOGE was originally a coin that was created just for fun for the community, then suddenly got a spotlight when one of the leading people, namely Elon Musk, the founder of Tesla, was involved in promoting this coin, especially through the current Twitter or X platform. When Elon Musk tweets on platform X, DOGE can pump massively just from one tweet. These are the unpredictable things in meme coins, and many people are looking forward to "jackpot" opportunities like this in other meme coins.
