🛡️Disclaimer: This article is intended for educational purposes only. It does not provide investment advice. Cryptocurrency investments, particularly in meme tokens, carry a high level of Always exercise due diligence when investing on platforms such as BNBChain.
In the ever-evolving landscape of Blockchain technology, MEMES have been on the rise with some offering minimal to zero utility until recently.
Firstly let's cover some facts about #MEMECOINS
Facts about meme Coins:
🔶 Social Media Driven: Meme coins typically gain popularity through social media. Examples include Dogecoin, which started as a joke but gained significant attention through platforms like Reddit and Twitter and of course thanks for Elon Musk
🔶 Community Support: A strong, active & engaging community often backs meme coins, contributing to their virality and potential growth.
🔶 Volatility: Meme coins can be extremely volatile, meaning their value can change rapidly in a very short time, making it possible for investors to experience significant gains or losses.
Let's look at Dons as an example:
The $DONS token, which launched on #BNBChain April 12, has captured the attention of cryptocurrency enthusiasts from all over, making substantial strides since its launch.
Having been created by the founders of the largest NFT projects on BNBChain (PlanetZuud & PancakeSquads) with the most loyal #nftcommunity DONS quickly appeared on everyone's radar
The $DONS token's saw its 150 #BNB pinksale allocation sell out within an 20 seconds 👀. This quick uptake propelled the token to the number one trending spot on Dextools, a sign of the heightened interest it had generated.
As the community surrounding the token grew rapidly, the Telegram group garnered over 3500 members in 24 hours, expanding to over 5500 members within a week, with the platform hosting thousands of messages every hour.
The growth was not limited to Telegram; the $DONS Twitter account saw similar success. Within its first 24 hours, the account gained 2000 followers, a number that has since expanded to over 13000. The token has consistently trended throughout the week, amassing over 4 million tweets.
In terms of token holders, the $DONS community has grown rapidly, boasting nearly 11,000 holders at the time of writing this. From a financial perspective, the token's launch day saw an impressive $4 Million trading volume 🔥, contributing to a total trading volume of over $10 Million to date. The market cap made a staggering leap from $80,000 to over $10 Million at its all-time high (ATH). 🚀
The token's trending status was not limited to social media; it also made waves on various cryptocurrency platforms, including Dextools, Dexview, Coinmarketcap, and even Crypto.com. This achievement is a testament to the relentless efforts of the team behind $DONS.
Significant Twitter accounts have recognized and joined the $DONS community, including notable figures such as Eljaboom, Travladd, Wombex, Samy, Kushed, and many more. Does their support add credibility and fuel the momentum behind this project?
To maintain open channels of communication, the team held an Ask Me Anything (AMA) session on twitter, which attracted over 1000 listeners. These sessions provide a platform for sharing future plans and integrations, it also demonstrates the team's dedication to transparency and community engagement.
The $DONS team also worked tirelessly behind the scenes, ensuring smooth integration of the tokens into various databases. Several significant integrations include listings and support from Trustwallet, OKX, Binance, Crypto.com, Coinmarketcap, Coingecko, Safepal, Getdelta, C98, Bitget, and BSCscan.
Renounce or not to Renounce?
Additional noteworthy attributes of $DONS are the 4% reflections rewarded to its holders, contract renouncement, and audit completion, as well as a liquidity lock for a ten-year period. The $DONS team's integrity is well-regarded within the BnB community, which provides an additional layer of trust and security to potential investors.
Is this another fad like Pokemon Cards?
With this kind of hype surrounding Memecoins at the moment Will DONS make it onto the Binance listings? it makes me wonder is this another fad like Pokemon cards or yoyos? (showing my age now) will this engagement continue or will there be something else next week?
I would also like to ask do you think projects should renounce contracts? I am seeing this on nearly every launch at the moment
Remember to always stay safe while investing and thoroughly research any potential investment opportunities.
Are MemeCoins the future?
Let me know your thoughts below 👇
Looking at what Dons has achieved so far along with other tokens such as #floki #pepe and #DOGE it does make me wonder where the future might take us
This is not a paid post nor an endorsement of Dons it is an oversight of one of the many MemeCoins making a huge impact on the #crypto space
