Ethereum

People could make a “big fortune” using meme cryptocurrencies, according to Michael Novogratz. To start making money, all you have to do is pick a good token to invest in. Someone with a good sense of humor and the ability to laugh it off in the face of adversity is required to purchase this type of token. Anyone can buy memcoins, even Novogratz’s son-in-law, he said.
“Indeed, my brother-in-law is a memtoken investor. Meeting this guy made me question whether anything like this could really happen. Memes are all he uses to make money. Doge and Dogwifhat are his favorite things. You can’t help but chuckle at the mention of Dogwifhat at first. According to Novogratz, the company’s market valuation is now close to $3 billion. But some cryptocurrency fans see memcoins as nothing more than casino chips and refuse to back them. So, Novogratz faced opposition from Charlie Silver, CEO of Permission.io, who argued that memtokens do not constitute a core component of the cryptocurrency market.
Another Ethereum co-founder who has recently spoken out against celebrity-issued digital coins is Vitalik Buterin. Buterin claims that memcoins serve no useful purpose and are thus useless.

Two methods for profiting from memcoins were mentioned by Michael Novogratz.

Blocksays

Other articles published on Jun 13, 2024

Toncoin (TON) Prepares for 40% Rally, Says Top Analyst

MicroStrategy Raises $500M to Buy Bitcoin

Analysts Predict Ethereum’s Future Movements

Ethereum and Bitcoin Prices React to FOMC Statement

The Untold Stories of How Multi-billion Dollar Crypto Exchanges Were Built

Bitcoin (BTC) Price Prediction: Positive Macro Conditions Could Drive Rally

Join our free newsletter for daily crypto updates!