Frauds of meme coins.
Hello guys,
Take a look at the market and you will found out lots of meme coin , today we gonna talk about them.
Meme coins were started as a joke doge coin is the best example but after the growth in the market of Cryptocurrency their is also a big change in the people about crypto and they started to launch and setup their own coin taht end up well and many are best in use and even uses for more than just for transaction ams also for smart contracts and many more .
That also make meme coin more famous and elegant in the market, as the credibility of meme coin rises the amount of that kind of coins also rises , but they are not coming to build a trust and a better market they are here just to fraud the innocent people.
They started as a meme and advertise them so much that most people would remember them and portray themselves as a progressive projects and more and more people to invest and says ;
We are going to moon
Hold its going to moon
They creates a environment in social media, build communities make paid collaboration , promotions that made you buy it's a one time opportunity.
But all they want you to invest and make you hold on high so they can dumb all their tokens and sweeps out all the money from the market and leave you with a one more waste coin .
It's doesn't end their they came again with a new coin or as meme 2.0 only to repeat the scam.
In my opinion, always make your own research before buying and investing and take a closer look to market time to time.
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That's all for today guys.
Thanks for reading.