Meme coins to invest in 2021

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Content:

• How I accidentally made £1,200 by investing in meme cryptocurrency Dogecoin
• A Controversial Opinion: Why Meme Coins Should be Part of Your Crypto Portfolio
• There Are Thousands of Different Altcoins. Here’s Why Crypto Investors Should Pass on Most of Them
• Bitcoin remains the king of ROI despite hyped meme coins, study shows
• Meme coins, CBDCs, NFTs & ICOs among top crypto fads of 2021
• FOMO ALERT: HyperDoge Is Dogecoin On Steroids!
• Know About 10 Crypto Coins That Gave Highest Returns In 2021
• Q&A: Binance CEO on bubbles, meme coins and crypto's swings

WATCH RELATED VIDEO: Top 5 Meme Coin Like Shiba INU Coin - Best Meme Coins to Buy Now

How I accidentally made £1,200 by investing in meme cryptocurrency Dogecoin

GALA gave returns of 32, per cent-plus. But do high returns in just one year make them investment-worthy? The age of majoritarianism has birthed a second wave of identity politics across India. As five states are ready to go to polls At no time do the politics of identity play out more spectacularly than during an Indian election. This poll season is no different Investors invest with the hope of making good returns.

By one estimate investopedia. The asset class has a high number of investors, too—more than million crypto users in the world, according to Singapore-based crypto information provider platform triple-a. There are various ways to look at returns, and especially for a volatile asset like cryptocurrencies, where prices fluctuate wildly, calculating returns can be complicated.

Astronomical returns are a fact. In , Ethereum-based cryptocurrency Gala GALA has given the highest returns, of more than 32, per cent, among the top cryptocurrencies of coinmarketcap. What does this mean for investors? Tether is a stablecoin backed by an equivalent amount of US dollars. The slide would have continued through May, June and July. By August things would be looking up again, and the rise would have continued at a heady pace.

The returns are phenomenal, but that is not the whole story. The prices of the coins fluctuate wildly and the time of exit will determine the real returns. Just because a coin has given astronomical returns in doesn't mean that it will do the same for It may be that none of them are in the running in the next year.

Today, Ethereum may be the leader, but Solana and others are rising. It may also be that none of them will exist or lead in future. Some other player may emerge. All of them or someone could become the next Google or Microsoft of the Web 3 revolution and those who are early investors at this stage will be the next generation of billionaires," says Kumar Gaurav, founder and CEO of Cashaa, a crypto banking platform. About 90 per cent of domestic retail investors were added in alone, according to media reports.

A large part of the buzz is around meme coins. However, experts warn against investing in meme coins, despite the high returns, because they are extremely unpredictable. However, even mainstream cryptos are highly volatile. One of the ways to absorb that is to invest with a long-term view. Tired of the unceasing, ungainly internet entertainment updates? Walk dazzling lanes and by lanes with Outlook. Know what's behind the apparent and what doesn't show. Your journey into the myriad shades of truth with Outlook.

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A Controversial Opinion: Why Meme Coins Should be Part of Your Crypto Portfolio

The record-breaking rally in cryptocurrencies not only saw retail investors flock the market in to capture some of the wild gains, but it also witnessed widespread acceptance by high net-worth individuals, institutional investors, and corporates. While retail investors were the first off the block to dabble in cryptos, investments in the digital asset class by the likes of Tesla, PayPal and MicroStrategy tell a different story with even governments sitting up and taking note of it—cryptos are here to stay and are likely to redefine the financial system as it comes of age. Meme coins, central bank digital currencies, metaverse, and non-fungible tokens NFTs , were the flavour of the year, said experts. Hitesh Malviya, founder, itsblockchain. Meme coins dominated the first half with dogecoin pulling off a massive price rally.

There Are Thousands of Different Altcoins. Here’s Why Crypto Investors Should Pass on Most of Them

Dubai: Though cryptocurrencies have been around for more than a decade, they are capturing more headlines recently — more so in than any other year. Ethereum too had a volatile year in but still delivered a gain of more than per cent. Ethereum lost nearly half its value within a few weeks in May. After rebounding, it fell roughly 20 per cent again in September. Both institutional and ordinary investors have been along for the ride. But crypto is also incredibly volatile, as evidenced in the wild fluctuations seen during the past year. Although the internet culture has long been synonymous with memes, saw the emergence of meme investing in the world of cryptocurrency. Meme coins are nothing new in the world of cryptocurrency. The world-famous Dogecoin was created in as a joke, but its popularity only catapulted in

Bitcoin remains the king of ROI despite hyped meme coins, study shows

Influencers have always featured prominently in cryptocurrency culture, but never more so than recently. When Elon Musk threw his weight behind the original meme cryptocurrency, Dogecoin , it sparked a wave of imitators, promoted by influencers on social media platforms such as TikTok. Here's the lowdown. Typically, a meme coin has no inherent value, and often no utility. As the name implies, these cryptocurrencies are often—but not exclusively—themed around Internet memes: jokes and images shared on social media.

Meme coins, CBDCs, NFTs & ICOs among top crypto fads of 2021

Crypto has creeped into the mainstream and even become a viable idea for virtual stocking stuffers, with services like Coinbase and Square allowing users to send crypto as gifts. Then, they drive up publicity around the token on popular channels such as Telegram or Discord, so that people buy in hoping that the price will skyrocket. Once people swap their cryptocurrency for the questionable tokens, the developers withdraw all the pooled funds that were used to acquire the tokens. The price of the token then plummets down to zero. As it turns out, irony is dead. The token, which is still available on decentralized exchanges, is now trading around 9 cents.

FOMO ALERT: HyperDoge Is Dogecoin On Steroids!

Shiba Inu is widely considered to be an alternative to Dogecoin ; in fact, proponents of Shiba Inu tout it as "the Dogecoin killer. Shiba Inu and Dogecoin are meme coins, which are cryptocurrencies that are associated with some theme—like the Shiba Inu dog in the case of Shiba Inu and Dogecoin—but are often launched as a parody or inside joke rather than as a digital product that actually has some utility. While Dogecoin was launched in December , Shiba Inu was created in August by an anonymous individual or group called Ryoshi. A tweet from Tesla founder Elon Musk on Oct. Because Musk is one of the most high-profile supporters of Dogecoin and the self-proclaimed "Dogefather," his cryptic tweets often result in heightened volatility in the cryptocurrency space. It remains to be seen whether Shiba Inu will indeed become "the Dogecoin killer" that its growing community of supporters—known as the SHIBArmy—expects. But at least in October , the stunning price gains of this previously obscure altcoin made Shiba Inu the tail that wagged the Dog ecoin.

Know About 10 Crypto Coins That Gave Highest Returns In 2021

He also doesn't want to say if the exuberance for meme coins like Dogecoin is an indication of a dangerous bubble. Such fast growth is drawing in more investors, as well as gaining the attention of regulators around the world. Zhao spoke with The Associated Press after his company issued a call for more regulation of crypto markets around the worl d. Besides bubbles and meme coins, he talked about which cryptocurrencies he owns and his promise to donate most of his wealth.

Q&A: Binance CEO on bubbles, meme coins and crypto's swings

RELATED VIDEO: Top 10 Meme Coins with 100X Potential

In investing, the trend is your friend — until it isn't. That proved true for digital currencies last year, and it could very well define the outlook for the best cryptocurrencies of Overall, digital currencies produced a remarkable that helped solidify an already strong argument for their inclusion in more risk-tolerant investors' portfolios. Not bad for an asset class that got its start just 13 years ago. But cryptocurrencies didn't enter with a head of steam.

Anything can become a meme these days, but not everything will qualify. For instance, it has to come from popular culture and a deep place of humor. Most importantly, it needs to carry a message. Some memes stay within a sub-culture while others spread as global inside jokes. Meme coins were built on the same foundation - brought up as self-sustained comic relief in the crypto community. Like any cryptocurrency, they have a blockchain and a price tag. But like any meme, they were meant to make people laugh.

In addition to Doge and Shib, there are other inexpensive alternatives that cost less cents and have good prospects. We offer you top 5 coins, which should be closed in December In recent years, this cryptocurrency attracted great attention to himself. She supports Elon Musk, who even became part of cryptocurrency developers.