anhlai F4F
@anhlai
1203 Following
691 Followers
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What Are Meme Coins?
Meme coins are tokens whose brand is built around a meme, which is usually an image accompanied by humorous text that can be adapted to a variety of situations. Unlike traditional cryptocurrencies like Bitcoin and Ethereum, which are focused on utility and aligned with the vision of enabling decentralization, security, and creating an alternative financial system, meme coins just want to have fun.
Types of Meme Coins
The most popular type of meme coin is dog-themed tokens like DOGE, WIF, and SHIB. Other popular types include animal-themed ones like cats, penguins, sloths, and more. PEPE started out as a character from a comic book, but has since spun out into an entire Pepe-themed category. There are also meme coins tied to the physical world, featuring political figures, celebrities, and even Wall Street Bets. 0 reply
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Crypto News Today: Bitcoin To Make Way for an Altseason?
The price of Bitcoin is currently constant at $63,021.31, having not changed during the last day. On the other hand, a notable decline in trading volume of 51.40% may indicate that the market is not experiencing any immediate impetus. Although there has been excitement following the $150 million investment into Bitcoin ETFs, a price breakout has not yet occurred.
Altcoin Watch: Altseason Coming Soon?
Ethereum continues its upward movement, trading at $2,590.56, up by 1.55%. Meanwhile, Solana witnessed a modest price increase of 0.37%, trading at $147.32, while XRP saw stronger momentum with a 2.65% increase, now priced at $0.5976. With altcoins making steady moves and increasing in dominance, the hopes for an altseason soar high. 0 reply
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What is DeFi?
Decentralized finance (DeFi) is a fintech solution that uses a distributed ledger to let financial transactions happen without requiring centralized financial institutions like banks and finance corporations. All transactions are recorded on a public and immutable ledger, removing the need to pay such institutions a service fee for each transaction.
You simply need a phone and an internet connection, and you can borrow, save, lend, or swap cryptocurrencies without KYC, resulting in greater convenience, better integration, and higher transparency, which are some of the well-known advantages of DeFi.
The growth of DeFi protocols has also made it easier for a number of new crypto companies to start up. Demand has increased significantly, and it is predicted that the industry will grow from $11.78 billion in 2021 to $231.19 billion by 2030, an increase of nearly 20 times. 0 reply
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