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Memecoins vs Shitcoins, What's the real difference?

The differences between Shitcoins and Memecoins To see daily videos about Cryptocurrency ✅SUBSCRIBE✅ to our channel:    / @cryptoclub3293   We recommend you watch this video too:    • Top 5 Altcoins To Invest in for 2022   We'll try to answer these questions in this video: What is a Shitcoin? What is a Memecoin? What are the differences between Shitcoins and Memecoins? What is the first Memecoin? Why is it not a good investment to invest in Shitcoins? How to buy a good Memecoin? What are the good Memecoins to invest in? What's the real difference between Memecoins and Shitcoins? What is Memecoin? What is Shitcoin? How to know Shitcoins? How to find that a currency is Shitcoin? What are the best tips to know a Shitcoin? Memecoins vs. shitcoins, what's the real difference? Bitcoin, Altcoin, Stable coin, Meme coin, Shitcoin. Once you start to dive into the crypto world, you will see thousands of different currencies with different categories, each with unique properties and values. If you consider investing in this digital world, here's what you need to know about meme coins and shitcoins. Cryptocurrency is one of the most volatile and unpredictable markets in the world. So, to make an intelligent investment or to make money in the crypto world, you should always stay up-to-date. On the CryptoClub channel, we provide videos about all you need to know about the crypto trading world like technical analysis, market analysis, educational videos about all cryptocurrencies and the digital currencies world, Metaverse, NFTs, and the latest news related to these technologies. So, if you want to be a professional trader, subscribe to our channel and press the bell icon to be notified of our new videos. What is Memecoin? As you can guess, memes coins are related to memes. These coins are often considered as a joke or memes. So, memes coins are cryptocurrencies inspired by internet jokes and memes. For example, Dogecoin is inspired by the Doge meme, a viral picture of a Shiba Inu. These cryptocurrencies often aren't taken seriously by investors. Memecoins have almost no value and don't do anything unique or exciting. It is just a culture coin like Shiba Inu or Dogecoin. People trade these coins just because they like memes. For example, in December, Representative Brad Sherman said, "Will mongoose coin destroy crypto coins?" Although the Mongoose coin was not real, he just made it up at the moment. But some people thought it was so funny. Then a few hours later, a coin called mongoose was launched. Because meme coins have no value, they only pump (meaning the price goes up) as long as people are willing to buy them. Most people believe that memecoins are stupid. Why should it cost $500 million? But those who are in the crypto market just to make money, fast money, can go for meme coins. As we have mentioned before, these coins have almost no value. However, they can still gain momentum when some people or traders buy into the newest one to be in on the joke. Once it gets popular and rises in value, some investors or traders jump on board and further boost the coin. Online figures and celebrities also can drive up the popularity of particular meme coins. Elon Musk, as an example, is probably the person who is most famous for it. There's even a fork of Dogecoin called Floki Inu based on Musk's actual pet dog. If you want to purchase meme coins, you should research them beforehand. Beware, if the coin has no background, you may lose your money at all. What is Shitcoin? Shitcoin is a digital cryptocurrency that has no value or purpose. Sometimes, people use the word shitcoin to refer to altcoins developed after the popularity of bitcoin. Most shitcoins have no future strategies or business model. These coins usually can't catch any interest from investors, and their price doesn't move much. These coins are created to pump and dump. These coins are launched with a lot of hype created by the promoters, and then their value is pumped. Later, the crypto traders dump all their shitcoins to convert them into millions. In this process, the small investors invest a lot of money, hoping to become rich. But this is not true for all shitcoins. Some people can make massive money from trading shitcoins. Actually, in 2021, a trader made $600,000 by investing in a shitcoin after a week. So, some shitcoins can be considered as a good investment choice, if not all. Shitcoins are easy to find out. They all follow a specific pattern. As a result, their price remains at a level, even if some may be interested in them when launched. #Cryptoclub #Crypto_club #Crypto #Cryptocurrency #Shitcoin #Memecoin #Meme #shit_coin #meme_coin #Memecoins_vs_Shitcoins