Cathie Wood, the CEO of ARK Investment, has warned about the potentially high risk associated with
meme coins, stating that many could end up worthless. These comments were echoed by billionaire investor Mike Novogratz, who described President Trump's launch of his own meme coin as 'foolish.' In spite of this, certain meme coins, like PancakeSwap (CAKE), have seen substantial increases in value, with CAKE jumping 37% during a resurgence of meme coin interest. This comes alongside rumors of changes in the restrictive crypto investment rule by the SEC, which could potentially boost the value of meme coins.Other meme coins also saw divergent trends; DOGE and SHIB were among the worst performers, while FLOKI left the top 100 ranking. The market situation appears to mirror the situation six months ago. Moreover, the use of meme coin crypto as a get-rich-quick scheme was discussed extensively due to this volatility. Some believe it to be a scam, while others attest to its profitability.Meme coin regulation has been a hot topic within the SEC. It recently stated that meme coins are not securities—a sentiment shared by Elon Musk who compared them to a casino. This is alongside other developments such as billionaire crypto investor Justin Sun's decision to not profit from meme coins running on Tron, and Raydium's plans to launch a competitor to Pumpfun, hinting at a possible meme coin war.Despite the uncertain future of meme coins, there are some promising options for investors. TRUMP Coin experienced a surge in interest following Trump's controversial media moves, driving up its presale to near $27M. Securing a spot as a potential rival for Pepe, the MIND Token is expected to deliver significant yield, pulling in large investments during its Crypto presale.Overall, while the crypto industry faces criticism as a 'global memecoin casino,' and despite mixed performance and reactions, meme coins remain a key perspective area in the current digital currency landscape.
MEME Coin News Analytics from Thu, 20 Feb 2025 08:00:00 GMT to Wed, 19 Mar 2025 23:36:00 GMT -
Rating 0
- Innovation -5
- Information 6
- Rumor -2
