On Oct. 26 a coin called $SQUID was launched by a group with no affiliation to the creators of the hit Netflix show -- the first red flag. As memecoins sometimes do, it exploded in growth. After listing at 12 cents, on early Monday morning it briefly hit a peak of $2,800.
Then, as memecoins are also known for doing, it all crashed. In an instant, the price fell to one third of one cent, where it remains at time of writing.
So the question is how people still believe in all that stuff?
Easy money is very hard to catch. Especially while there are coins like Crypton privacy coin, which gained 50% right after the new listing and gained 50% more in the next 2 days.. People still look for some scams on their own. OMG, will it ever end?
This is a classic example of how a meme coin is used in all the hype and how the plot usually ends. The only pity is that not everyone understands this and therefore the losses of investors will be inevitable. In the end, Dogecoin and SHIB may face the same fate, even if no one is planning such a scenario.Then, as memecoins are also known for doing, it all crashed. In an instant, the price fell to one third of one cent, where it remains at time of writing.
So the question is how people still believe in all that stuff?
Easy money is very hard to catch. Especially while there are coins like Crypton privacy coin, which gained 50% right after the new listing and gained 50% more in the next 2 days.. People still look for some scams on their own. OMG, will it ever end?It is still better to invest in conventional projects with a development perspective, such as Muzicoin.io. It is a technology created to develop the global phonographic market, with the concept of distributing cryptocurrency rewards through music and interactivity on the Muzi platform. You can now participate in the IEO of this project on the Coinsbit exchange.