Why meme coins are a gateway to real crypto investments
Don't Buy Meme Coins: Here's Why
In the world of cryptocurrencies, there are joke coins that have gained popularity in recent times, commonly referred to as meme coins.
However, experts caution against investing in these joke coins, and for good reason.
In this blog post, I'll discuss why you should avoid buying meme coins like the plague and instead focus on projects that have real value.
But we'll also explore how meme coins can serve as a gateway to the world of crypto and encourage newcomers to learn more about decentralised projects.
What are meme coins with examples?
Meme coins are joke cryptocurrencies that were never intended to have any real value associated with them.
They are a parody of Bitcoin and are literally the joke.
Despite this, meme coins have gained real value due to the hype from the same people who meme coin creators are laughing at.
Shiba Inu and SafeMoon are two of the most popular meme coins on the market, and they have attracted a lot of hype from uninformed investors.
However, coins like Shiba Inu are scams that are likely to lose you money.
Shiba Inu became popular due to its fun dog-themed branding and low price compared to Bitcoin.
However, the price of Shiba Inu coin is now dropping like a stone as early investors unloaded their worthless joke coins that the uninformed community had given value.
Additionally, Shiba Inu’s DeFi platform called ShibaSwap is literally a rug pull waiting to happen.
SafeMoon is another meme coin that has attracted a lot of hype due to its name and promises of price increases.
However, the tokenomics of SafeMoon resemble a pyramid scheme at best, and the smart money has already started dumping on the dumb money that gave it value.
Meme coins as a gateway to real crypto investments
While meme coins themselves are a bad investment, they can act as a gateway to real crypto projects.
By buying meme coins, normies are forced to learn how to get their money from fiat into crypto.
Once they are in the crypto space, they are more likely to explore and invest in truly decentralised, problem-solving projects.
The crypto space is complex, and it is easy to fall for hype and scams.
However, by taking an extra 5 minutes to look past the celebrity-driven headlines and into the tech being developed in this space, investors can find real opportunities for growth and investment.
There are many exciting crypto projects out there that are solving real problems and have the potential for significant growth.
These include buzz areas like decentralised finance (DeFi) projects and NFTs.
As well as more serious blockchain platforms for industries like healthcare, real estate and gaming.
Education is key to making informed decisions in the crypto space.
If meme coins can help people find a pathway to getting educated, then so be it.
Final thoughts on meme coins acting as gateways to real crypto investments
Meme coins may seem like a fun and easy investment, but they are scams that are likely to lose you money.
However, by using meme coins as a gateway to real crypto investments, while educating yourself on the technology and potential of the crypto space, you can find real opportunities for growth.
My final advice would be to not buy meme coins.
But if you must, use them as a reason to continue exploring the exciting world of crypto investments.