The recent boom in the meme coin market reminds me of a saying, "Value investment is nothing, once a meme lives in the palace", which is not wrong. After all, many people in the circle have earned their first pot of gold in life through meme coins, and even successfully crossed the class by purchasing meme coins in the early stage, which is what the circle calls "wealth freedom". Why are meme coins so fascinating?

First of all, what are meme coins?

Meme coins are cryptocurrencies inspired by meme culture or jokes on the Internet and social media. The first meme coin created is the well-known DOGE, which was launched in 2013 as a parody inspired by the popular Doge Meme of the Japanese Shiba Inu.

The value of meme coins tends to fluctuate greatly (low liquidity). They are mainly driven by the community and can gain popularity overnight due to the recognition and FOMO of the online community. This is what everyone knows as "riding the hot spot", and their prices may also unexpectedly decline when investors turn their attention to the next meme coin.

Another feature of meme coins is that they often have a large or unlimited supply. For example, the total supply of $SHIB is 100 trillion tokens, while DOGE has no maximum supply, but there are already more than 100 billion tokens in circulation. Since meme tokens generally do not have a coin destruction mechanism, the huge supply has formed its relatively low price. With only $1, you can buy millions of meme tokens.

Why do so many people choose to buy meme coins?

Of course, the reason for choosing to buy meme coins is that its market value is small and its liquidity is small. As long as a large amount of funds come in, it will double several times, or even dozens or hundreds of times. This is a huge temptation for friends with less starting capital. If you use $100 to buy BTC, it may take several years to get a tenfold return, but if you use $100 to buy meme coins, it may take one night to get a tenfold return. Of course, the greater the return, the greater the risk. Maybe after one night, your $100 will only be a bunch of worthless numbers.

If you don't know how to screen strong coins, then I suggest you follow me. Whether it is spot or contract, a slight shot may be your limit. The opportunity is short, so you must seize it!Success does not depend on luck, choice is more important than hard work, and circle determines destiny. In the currency circle, in addition to having a keen eye for judging the situation, you must also keep up with a good team and a good leader. If you follow me, you are already half successful in the currency circle!