cryptofamily

Meme coins have increased in value thanks to the advertising of Elon Musk.

Just a few hours after Elon Musk changed his alias X to Kekius Maximus on New Year's Eve — a reference to a previously little—known cryptocurrency - its value soared by 4,800%, reaching a market capitalization of $380 million.
It was the last so-called meme coin— a cryptocurrency based on a meme or cultural event, such as Dogecoin, Shiba Inu, or Pepe the Frog— that rose sharply and then fell (or collapsed completely) in a matter of hours.
Some skeptical financial experts call memecoins a pyramid scheme, claiming that they have no underlying value and attract people with little financial experience who then lose their money.
However, enterprising small investors and investment funds were in no hurry to write them off and invested millions in this area, making impressive profits.

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