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10 Lesser Known Reasons Memecoins Will Maintain Their Momentum
The memecoin market had a gigantic bounce today after Bitcoin seemingly found its local bottom. Let’s examine why memecoins will continue being a driving force during this crypto bull run.
Most people get into Bitcoin and crypto simply because they want to make money. And who can blame us? Some of us have responsibly saved money in a bank account only to watch its purchasing power evaporate faster than an ice cube in the summer sun. Most of us have religiously put money into a 401K or other retirement plan that primarily benefits the largest stockholders, tech executives, Wall Street, and financial service professionals. Housing is a dream for many of us, and the lottery is a losing proposition.
The people who got into Bitcoin earlier made massive gains. It’s hard for the ordinary retail investor to stack up an asset trading over $60,000. Now, we see the same stockholders, executives, and Wall Street speculators having a land grab for Bitcoin. Unfortunately, they have more tools and firepower (money) to control the market than ordinary people.
And the thought of getting rich by having a job is a pipe dream for most. We are either facing student debt, oppressive…
