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I've been playing with meme coins recently. Here's a summary of some of my thoughts. I'll mainly talk about the following coins.
DOGE
PEPE
Pnut
ACT
Luce
DOGE is the king of memes, ranked fifth on the cryptocurrency market value list, and Musk's favorite. Needless to say, its status is high.
It's worth mentioning that DOGE's predecessor was Doge. I haven't bought this coin, but I bought a coin with the same name.
The thing is, the day before yesterday, Trump announced that Musk would be appointed as the Minister of the new government department "Department of Government Efficiency". This department aims to streamline the government's organizational structure, reduce waste and improve efficiency. The key point is that the abbreviation of this department is DOGE (Department of Government Efficiency).
As soon as the news came out, the market value of a coin called DOGE on Ethereum skyrocketed, and I just bought some a week ago. Because the streamlining of government departments was mentioned by Ma a few months ago, and this abbreviation has been posted more than once on Twitter, and this coin has been ambushing this event for a long time, even the icon is Musk's head portrait, and the background is the American flag.
The magical thing about this is that everyone thought Musk was joking, after all, it was still unknown whether Trump could take office at that time. As a result, Trump really made such an announcement after winning the election. Who would have thought that the most powerful government in the most powerful country in the world would set up a government efficiency department, and the name was actually DOGE?
Can you believe it with an official tweet?
It even has a certification, a government department.
Musk tweeted hard to order Doge at that time, and as far as I know, it had not been renamed at that time.
As a result, this trend blew to the Ethereum meme coin DOGE mentioned above. This coin once rose to a market value of 400 million. My strategy at the time was to double the investment, so I executed the strategy.
Solana also quickly appeared a DOGE, which rose to 80 million market value in one day, and the number of addresses on the same day increased sharply to more than 30,000. I also followed up as soon as possible and doubled the investment. The momentum of the Sol ecosystem is really strong, but there is a reason why it is not as good as Ethereum DOGE. People have been washing the market for more than a month, just waiting for this event.
After Doge changed its name, Musk tweeted to link the name DOGE with the original Doge avatar, and also linked the DOGE coin to the U.S. government's Department of Efficiency.
So the fate of the two new coins on Ethereum and Solana was doomed, falling back to more than 300 million and 30 million respectively. It was just a matter of time before the two of them went back to zero.
Logically, I should have been ready to run away as soon as Doge changed its name, but I reacted a little slower, but I also got 1x and 6x profits respectively.
But...what can I say, Baiu warrior, you know.
And buying in advance was purely luck, so you still have to be sober about this.
For me, meme is a brand new track, interesting, just play.
That's all I have to say about one coin, okay, I can't finish it, I'll talk about the rest next time, I'm going to move bricks first.
I've been playing with meme coins recently. Here's a summary of some of my thoughts. I'll mainly talk about the following coins.
DOGE
PEPE
Pnut
ACT
Luce
DOGE is the king of memes, ranked fifth on the cryptocurrency market value list, and Musk's favorite. Needless to say, its status is high.
It's worth mentioning that DOGE's predecessor was Doge. I haven't bought this coin, but I bought a coin with the same name.
The thing is, the day before yesterday, Trump announced that Musk would be appointed as the Minister of the new government department "Department of Government Efficiency". This department aims to streamline the government's organizational structure, reduce waste and improve efficiency. The key point is that the abbreviation of this department is DOGE (Department of Government Efficiency).
As soon as the news came out, the market value of a coin called DOGE on Ethereum skyrocketed, and I just bought some a week ago. Because the streamlining of government departments was mentioned by Ma a few months ago, and this abbreviation has been posted more than once on Twitter, and this coin has been ambushing this event for a long time, even the icon is Musk's head portrait, and the background is the American flag.
The magical thing about this is that everyone thought Musk was joking, after all, it was still unknown whether Trump could take office at that time. As a result, Trump really made such an announcement after winning the election. Who would have thought that the most powerful government in the most powerful country in the world would set up a government efficiency department, and the name was actually DOGE?
Can you believe it with an official tweet?
It even has a certification, a government department.
Musk tweeted hard to order Doge at that time, and as far as I know, it had not been renamed at that time.
As a result, this trend blew to the Ethereum meme coin DOGE mentioned above. This coin once rose to a market value of 400 million. My strategy at the time was to double the investment, so I executed the strategy.
Solana also quickly appeared a DOGE, which rose to 80 million market value in one day, and the number of addresses on the same day increased sharply to more than 30,000. I also followed up as soon as possible and doubled the investment. The momentum of the Sol ecosystem is really strong, but there is a reason why it is not as good as Ethereum DOGE. People have been washing the market for more than a month, just waiting for this event.
After Doge changed its name, Musk tweeted to link the name DOGE with the original Doge avatar, and also linked the DOGE coin to the U.S. government's Department of Efficiency.
So the fate of the two new coins on Ethereum and Solana was doomed, falling back to more than 300 million and 30 million respectively. It was just a matter of time before the two of them went back to zero.
Logically, I should have been ready to run away as soon as Doge changed its name, but I reacted a little slower, but I also got 1x and 6x profits respectively.
But...what can I say, Baiu warrior, you know.
And buying in advance was purely luck, so you still have to be sober about this.
For me, meme is a brand new track, interesting, just play.
That's all I have to say about one coin, okay, I can't finish it, I'll talk about the rest next time, I'm going to move bricks first.
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