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CobhamPeterEyo • 19 June 2024
No Adverts are availableThese listings are part of CoinW’s expansion of their cryptocurrency offerings. Remember to conduct your own research and consider market volatility when investing in cryptocurrencies.
CoinW has recently listed several new cryptocurrencies. Here are some of the notable ones:
Simpson in a Memes World (SEW): A meme coin with a current price fluctuation and a fully diluted market cap of $1,382,147.
Trog (TROG): Another meme coin that has seen a significant price increase of 785% in the last 24 hours.
The Dog Meme Coin, also known as DOG•GO•TO•THE•MOON (DOG), has seen a significant rise in popularity and market activity.
Here’s a comparison of its listing dates across various exchanges:
CoinW: Listed Dog Meme Coin on April 20, 2024, during the bitcoin halving event in its exchange wallet ahead of bybit
The Dog Meme Coin, known as Dogwifhat (WIF), was listed on Bybit’s Spot trading platform on April 29, 2024, with deposit options commencing at 8 AM UTC. This listing followed a significant price increase and the coin’s growing popularity within the crypto community. Remember to always do your due diligence before engaging in cryptocurrency trading.
Other Exchanges: While the exact listing dates on other exchanges are different, the surge in DOG’s market cap approaching $1 billion and a 200% rise in the past month indicate that it was likely listed around the same time or shortly after its debut on CoinW.
RSIC (RSIC•GENESIS•RUNE): Initially listed on April 22, 2024, at 19:00 (UTC).
Satoshi (SATOSHI): Listed on April 23, 2024, at 17:00 (UTC).These are just a few examples of the new listings. For a complete list and detailed information, you can visit CoinW page on new cryptocurrencies. Remember to do your own research before investing in any cryptocurrency, as the market can be highly volatile.
RISE OF DOG MEME COIN
The Origin: Dogecoin (DOGE)
Dogecoin, created in 2013 as a lighthearted alternative to Bitcoin, is the original dog meme coin. Featuring the Shiba Inu dog from the “Doge” meme, DOGE has become a symbol of the power of community and internet culture in the crypto space.
Shiba Inu (SHIB): The “DOGE Killer”
Shiba Inu emerged as a direct competitor to Dogecoin, aiming to surpass it in popularity and use cases. With its own decentralized exchange, ShibaSwap, and a robust ecosystem, SHIB has established itself as a formidable player.
Floki Inu (FLOKI): Inspired by Elon Musk’s Pet
Named after Elon Musk’s Shiba Inu, Floki Inu has gained traction as another dog-themed token. It aims to combine memes with utility by building a project ecosystem that includes NFTs and games.
The Bitcoin-Based Meme Coin: DOG
DOG is a meme coin issued on Bitcoin’s Runes protocol, nearing a $1 billion market cap after surging 200% over the past month. It represents the largest meme coin on the Bitcoin blockchain and the seventh-largest overall.
The Market Impact
Dog meme coins have shown that they can defy market trends and create significant buzz. For instance, ApeCoin has climbed 2% in the last seven days, outperforming the overall market at $1.303. Similarly, users can earn a 252% APY on certain dog meme coins, compounding investments and strengthening the token’s supply and demand dynamics.
The Volatility and Risks
While dog meme coins can offer substantial returns, they are also known for their volatility. Following its launch, DOG slumped by more than 60% in three weeks before embarking on its recent rally. This highlights the high-risk nature of investing in meme coins.
This extensive overview provides a glimpse into the quirky yet influential world of dog meme coins, showcasing their cultural impact and investment potential within the cryptocurrency landscape.
How to evaluate meme coins for investment purposes
Evaluating meme coins for investment purposes requires a blend of market research, community engagement, and a keen eye for social media trends. Here’s a comprehensive approach to assessing meme coins:
Understand the Concept: Familiarize yourself with the meme coin’s theme and the community culture around it. Meme coins often derive value from their popularity and the strength of their online communities.
Research the Development Team: Investigate the credibility and track record of the team behind the meme coin. Experienced and transparent developers can be a positive sign.
Market Analysis: Look at the coin’s market performance, including price history, market capitalization, trading volume, and volatility. This data can help assess the investment potential and risks involved.
Social Media Buzz: Monitor mentions and sentiment across platforms like Crypto University,Twitter, Reddit, and Telegram. A high level of social media activity can indicate growing interest or hype around the coin.
Celebrity Endorsements: Be aware of any endorsements from public figures, as these can significantly influence the price and popularity of meme coins.
Utility and Use Cases: Evaluate whether the meme coin has any real-world applications or if it’s purely speculative. Coins with actual utility may offer more sustainable value.
Community Support: Active and growing communities can drive the success of a meme coin. Participation in forums and discussions can provide insights into the coin’s potential.
Risk Assessment: Meme coins are known for their high volatility. It’s crucial to only invest what you can afford to lose and to be prepared for the possibility of sudden price swings.
By carefully considering these factors, users can make more informed decisions when evaluating meme coins for their investment portfolios.
Red flags to watch out for in meme coins
When evaluating meme coins, it’s essential to be aware of potential red flags. Here are some warning signs to watch out for:
Lack of Utility: Meme coins that exist solely for humor or speculation without any real-world use cases may not hold long-term value. Look for tokens with practical applications beyond the meme aspect.
Anonymous Teams: If the development team behind a meme coin remains anonymous or lacks transparency, it can be concerning. Trustworthy projects usually have identifiable team members who are actively engaged with the community.
Excessive Hype: Beware of coins that rely heavily on hype and celebrity endorsements. While attention can boost prices temporarily, sustainable growth requires substance beyond mere publicity.
Rapid Pump-and-Dump Patterns: Some meme coins experience sudden price spikes followed by equally rapid crashes. Be cautious if you notice extreme volatility without clear reasons.
Overwhelming Supply: A high token supply can dilute value. Check the total supply and circulating supply to understand how much of the coin is in circulation.
Unrealistic Promises: Be skeptical of projects promising astronomical returns without a solid foundation. Unrealistic claims often lead to disappointment.
Copycat Tokens: Numerous meme coins mimic successful predecessors. While some may thrive, others are mere clones with no unique features. Differentiate between genuine innovation and copycats.
Lack of liquidity: Illiquid markets can trap investors, making it challenging to buy or sell at desired prices. Ensure the meme coin has sufficient liquidity on reputable exchanges.
Social Media Manipulation: Beware of orchestrated social media campaigns that artificially inflate interest. Pump-and-dump schemes often involve coordinated efforts to create buzz.
Unverified Audits: Projects claiming to be audited should provide verifiable proof. Rely on reputable auditing firms and avoid coins with questionable security practices.
Remember that meme coins can be highly speculative, and investing in them carries inherent risks. Always conduct thorough research and consider your risk tolerance before participating in this playful yet volatile market.
Conclusion
Dog meme coins are more than just internet jokes; they are a testament to the power of community-driven projects in the cryptocurrency world. While they offer potential for profit, investors should approach them with caution due to their inherent volatility.
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