Looks like #memecoins are leading the way in the #crypto markets just because Elon mentioned the word DOGE when referring to a new govt oversight committee...
This shows just how fragile and immature our space is and why people have a hard time taking it seriously.
Sorry, not sorry...
I agree that the market is immature, but there is something I doubt: I don't think that common users have the economic mass to move those #memecoins in that way, whales have a lot of weight.
Which makes them extremely dangerous to the little guys that think they can yolo and get rich off of some joke coin. These 'devs' and 'whales' for these coins are the main counter party risk to the whole thing. $DOGE is the only one I would ever mess with because it is actually backed by a proof of work network.
That's right, $DOGE may be one of the redeemable tokens from the long list of #memecoins.
I mean, at this point, DOGE is just as much of a memecoin as BTC, lol.
Hahaha, there's not much we can do. 😀
Truth