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?
What's the point of asking for our take on that. In short celebrities are known for promoting stuff so that they can earn money by their promotions and they are made for that. Why would a crypto trader take these kind of celebrities and influencers seriously.
We have learned trading to apply our skills and to know that we are here because of our skills. So we should focus on our takes and analyzation rather than on celebrities promotion.