What is a memecoin? Use cases, risks explained

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US President Donald Trump, days before moving back into the White House, launched $TRUMP, a memecoin, which surged from under $10 on Friday to over $70 on Saturday. Experts said Trump’s coin represented a blending of the world of digital assets into the political arena, but it also “blurs the lines between governance, profit and influence”.Memecoins are not new and have been popularised by figures like billionaire Elon Musk. But what are they and how do they differ from traditional cryptocurrencies like Bitcoin and Ethereum? Let’s take a look.

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What is a memecoin? Use cases, risks explained


US President Donald Trump, days before moving back into the White House, launched $TRUMP, a memecoin, which surged from under $10 on Friday to over $70 on Saturday. Experts said Trump’s coin represented a blending of the world of digital assets into the political arena, but it also “blurs the lines between governance, profit and influence”.Memecoins are not new and have been popularised by figures like billionaire Elon Musk. But what are they and how do they differ from traditional cryptocurrencies like Bitcoin and Ethereum? Let’s take a look.

What is…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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