Hi everyone, I'm asking because I've witnessed a memecoin named MOTHER, which is backed by Iggy Azalea, go from a $100k market cap to over $100M in less than 7 days, with the potential to even hit $1B, in my opinion. That's amazing and electric if you ask me.
Did you follow this meme coin? What's your opinion on it, and do you think we'll see more memecoins backed by celebrities?
No, I don't follow this meme-coin, and They are just paid people who make a profit from the many people who buy the coin, so don't get caught up in what the celebrity says, it's very possible that he doesn't know for sure what is being promoted, and if the celebrity has the coin, it's not by buying it, because you get a share from the developer, so once again you don't want to be fooled and if you still feel like you want to own the coin, go ahead, but remember the risk will be very big, so only use money that you can afford to lose and also when you get a profit, immediately exit that coin market.