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Analyzing the Phenomenon of Crypto Investments through Meme CultIntroduction Memecoins constitute a unique subcategory of cryptocurrencies that developed not out of technological necessity, but from internet culture. Despite lacking groundbreaking features, they’ve become a multibillion-dollar market niche. Key Features Lack of Utility: Most memecoins don’t provide technical innovations like smart contracts or custom blockchains. Social Capital: Their success hinges on influencer hype and community memes. Dogecoin, for example, soared after Elon Musk’s tweets. Virality-Driven Growth: Their market behavior mirrors internet trends — sudden and unpredictable. Market Statistics Dogecoin hit over $80 billion in market cap (May 2021). Shiba Inu grew more than 40,000,000% in 2021 alone. Risks and Outlook Volatility: Pump-and-dump schemes are rampant. Regulatory Risk: Projects with no real utility may face SEC scrutiny. Media-Dependent: Without hype, memecoins can quickly lose value. Conclusion Memecoins function more as speculative instruments than serious investments. However, they offer insights into retail investor behavior and internet-driven financial phenomena.
CSE:CRC
by HCN-News12
Coinbase Posted over 1 Billion Losses in Q2 2022 TODAYCoinbase saw a 64% drop in retail exchange income. Coinbase crypto trade announced critical misfortunes in Q2. The trade posted a deficiency of more than £1 billion while missing investigators' estimates. - Deficiency of £4.98 per stock versus a guage deficiency of £2.65 -Income of £808.3 million versus a gauge income of £832.2 million The US trade income dropped by 64% with retail exchanges income at £616.2 million, down 66%. Exchanging volumes (in £B) were fundamentally lower across Ethereum and other cryptographic forms of money, be that as it may, Bitcoin's volumes have expanded as well as BTC income. Coinbase anticipates 7 - 9 million month-to-month exchange clients, down from the 5 - 15 million territory just 3 months prior. The organization has diminished its spending financial plan, less paid media, and different motivating forces as the center movements to nonpaid traffic. In light of Ark's reproductions, institutional assets portions of between 2.5% to 6.5% may lift BTC cost by £200,000 - £500,000. It is quite important that toward the finish of July, Ark Invest sold around 1.4 million loads of Coinbase that were valued at £79 million at that point.
CLong
by IPatrice