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\n\t\t\t\t\t\tAny cryptocurrency inspired by an internet meme is known as a meme coin. While these tokens have no utility, a significant community backup helps drive their valuation. <\/p>\n <\/div>\n <\/div>\n <\/section>\n\t\t \n \n\t\t\t\t
Are memecoins good investment?<\/h2> \n\t\t\t\t\t
\n\t\t\t\t\t\tThere are many variables at play when considering investing in memecoins. For instance, the tokens have no utility, which doesn't give them a long-term appeal. Secondly, they are purely driven by the community, which means one wrong move often leads to massive crashes. However, when the time is right, and indicators show that people are interested in memecoins, these assets can be considered great investments for the short term. <\/p>\n <\/div>\n <\/div>\n <\/section>\n\t\t \n \n\t\t\t\t
Are there risks of trading memecoin?<\/h2> \n\t\t\t\t\t
\n\t\t\t\t\t\tThere are inherent risks of trading any cryptocurrencies, but that goes double for memecoin. Due to their perceived lack of utility, most traditional investors don't take it seriously. And the market's volatility has a massive impact on their prices. However, the community supporting the memecoin can pump its value to a parabolic level. So, yes there are risks of trading memecoins. But it is still recommended for short-term and low cap investors. <\/p>\n <\/div>\n <\/div>\n <\/section>\n\t\t \n \n\t\t\t\t
What is the best memecoin in terms of ROI?<\/h2> \n\t\t\t\t\t
\n\t\t\t\t\t\tThe best memecoin in terms of ROI has always been Dogecoin. This OG memecoin was the first one to appear and has experienced massive parabolic gains in the past, which has paved the way for other crypto assets of similar nature. At its all-time high, DOGE rose by 9772% in the second quarter of 2021 <\/p>\n <\/div>\n <\/div>\n <\/section>\n\t\t \n \n\t\t\t\t
What is the newest memecoin to enter the space?<\/h2> \n\t\t\t\t\t
\n\t\t\t\t\t\tThere have been multiple memecoins this year. But the newest one among them to garner interest in Smog. <\/p>\n <\/div>\n <\/div>\n <\/section>\n\t\t \n \n\t\t\t\t
What is the top trending memecoin right now?<\/h2> \n\t\t\t\t\t
\n\t\t\t\t\t\tThe top trending memecoin on CoinMarketCap is Dogecoin, followed by Shiba Inu, and BONK. Bonk is a Doge-themed memecoin on the Solana blockchain which has exploded near the end of 2023. It can potentially create a new memecoin mania next year. <\/p>\n <\/div>\n <\/div>\n <\/section>\n\t\t \n \n\t\t\t\t
Is Shiba Inu dead?<\/h2> \n\t\t\t\t\t
\n\t\t\t\t\t\tShiba Inu has had a rough go as of late. However, it continues to be popular among the memecoin community, and is the second trending memecoin after Dogecoin. So no, we can't say that it is dead. Also, after the introduction of Shibarium, more utilities are coming to the Shiba Inu ecosystem, which can potentially revitalize the token's value in the market. <\/p>\n <\/div>\n <\/div>\n <\/section>\n\t\t \n \n\t\t\t\t
Should I sell my Dogecoin?<\/h2> \n\t\t\t\t\t
\n\t\t\t\t\t\tDogecoin is the world's leading memecoin that has witnessed some surge thanks to Bitcoin gaining more ground. However, this surge is not that big. The token's current behavior is not as volatile. However, it has experienced pumps thanks to Elon Musk's Twitter antics in the past, and continues to do so. So, those who have lost out on the gains when DOGE reached all-time high, we recommend waiting for another announcement and selling their DOGE tokens. However, if there is some utility introduced, the token can move up even higher - which would be a great incentive to hold your tokens right now. <\/p>\n <\/div>\n <\/div>\n <\/section>\n\t\t \n \n\t\t\t\t
Do memecoins have utility?<\/h2> \n\t\t\t\t\t
\n\t\t\t\t\t\tThe answer to this question is subjective to the type of meme tokens we are talking about. Memecoins were initially designed to be a joke asset to foster community engagement. A project like Smog, which offers a meme-theme along with utility can be a great example of such a category of investments. <\/p>\n <\/div>\n <\/div>\n <\/section>\n\t\t\n