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?
If the celebrity is a popular person then it’s a good one. Imagine if Elon Musk was backing a meme coin right now. In fact he already backed DOGE in the past and we can see how greatly it turned out. Today there’s many more meme coins from the inspiration of that. So it really depends on who’s backing the project and not just saying “celebrity”.