The characteristics of the same are not present in any conventional cryptocurrency. Humor and satire are the main sources of their origin, as Dogecoin demonstrated, which began as a parody of Bitcoin. Although the dominant current can exist on offline and online markets, the pieces even succeed more on social media platforms that promote and publish their content. The media threshing of the market and speculation increase and lower prices, resulting in significant volatility of their value due to the high dependence of public feeling.
Another characteristic of parts even is their limited utility. Some cryptocurrencies may have an exchange mechanism or an intelligent contract functionality, but the parts even have generally no intrinsic use. Why is it like that? By being unique and popular online, they keep a suite. The memes, which are speculative, can either make good or bad investments, making it a class of unpredictable assets.
