Bitcoin $98,402.6While the value of ‘s exceeding $ 100,000 creates great excitement in the crypto world, memecoins are more talked about among general investors. This development shows that there is a distinct difference between the crypto industry’s own perception and the public’s perception.
Popular Memecoins
While events such as Donald Trump selling DOGE t-shirts contribute to activity in the crypto market, memecoins such as the Hawk Tuah coin are experiencing serious fluctuations. After its launch, Hawk Tuah’s market value rose rapidly but experienced a significant decline in a short time, causing losses to investors.
While it is known that investing in Memecoins is not always a safe strategy, issues such as allegations of insider sales for Hawk Tuah and high exchange tax have shaken investor confidence. This situation reveals the risks of memecoins.
Meme Coins
Most of my friends do not have detailed information about Hawk Tuah’s failure. They’re only interested because they heard that a well-known name started a memecoin and it didn’t go over well. This situation negatively affects the general public perception of cryptocurrencies. A user who bought and then sold Bitcoin in 2020 says;
“This reinforces that what I previously believed was ridiculous.”
For example, this user focuses on a very important detail for your meme coins. Bitcoin and Ethereum 
$3,882.9Although he accepts that ‘s may have technological advances, he finds it difficult to understand the idea that a new cryptocurrency could be created at any time.
In general, many people who dislike cryptocurrencies think that projects like Hawk Tuah reinforce negative impressions. While the flexibility of permissioned blockchains allows the emergence of all kinds of projects, this also increases risks. On the other hand, new investors who are aware of such bad examples and think that the fastest profit is in this high volatility area continue to show interest in meme coins. It seems that interest will continue in the meme coin category, where the risk-reward ratio is like walking on a swinging tightrope. Since the beginning of the year, meme coins have grown much more significantly in terms of market value compared to other categories.
As a result, although Bitcoin’s massive appreciation is important for the crypto industry, the fluctuations experienced by memecoins and the negative attitude in public perception make it difficult to maintain balance in the industry. It is important for investors to consider the risks as well as the potential returns of cryptocurrencies.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
