How will cultural significance help memecoins survive the current market crash?


In 2011, the cryptocurrency market was worth $10 million. According to data from Coinmarketcap.com, as of November 10, 2021, the cryptocurrency market was worth more than $3 trillion, despite the whims of the past decade. The exponential rise in cryptocurrency value indicates investor interest.

Even cryptocurrencies, which are currently being promoted as stable, cannot withstand the fluctuations of the economy even with money flowing like water. Interest rate hikes, inflation and economic uncertainty from Russia’s invasion of Ukraine are driving investors back from risky assets.

Meanwhile, newcomers to the cryptocurrency industry are encouraged to invest in cryptocurrencies that have specific use cases and are derived from cultural significance. This way you can check if the values ​​are concatenated.

To understand which cryptocurrencies aim to create value, you must first understand the types of cryptocurrencies.

Based on their usefulness, we have classified cryptocurrencies into four major types.

  • Payment Currency: It aims to make cross-border payment transactions cheaper and faster. for example, Bitcoin (BTC)The world’s first cryptocurrency was created for this utility.
  • stable coin: Cryptocurrencies that derive their value from external assets fall into this category. for example, USDT Values ​​are derived from US dollars.
  • object: Many investors believe this is where the future of cryptocurrency lies. This type of cryptocurrency was created to fund special projects to solve the world’s problems. NFT, DEFIAnd dapp It belongs to this category.
  • Meme Coins: They were created solely for fun with no particular purpose or goal, but are now appreciated by millions of people. for example, Dogecoin (DOGE) It was made as a joke and is supposed to facilitate “interplanetary money trade” when feasible.

The Cultural Importance of Meme Coins

It’s important to note that meme coins are not meant to be an investment or store of value as social media has a huge impact. For example, Elon Musk constantly praised them as being more useful than: Bitcoin (BTC) And Ethereum (ETH).

Besides meme coins, other aspects of popular culture continued to be influenced by community members.

dogminerFor example, simulation Dogecoin (DOGE) Mining in virtual video games. Introducing new players to the basics of cryptocurrency mining in a fun and friendly way. This has led many people to become more involved in the crypto community.

Another example of cryptocurrency’s impact on social media and pop culture is tipping artists on Reddit, Twitter, and Twitch to promote their art.

Community members are also known for their philanthropic spirit. They supported several donation campaigns, from fools to nobles.

How can RoboApe Token (RBA), a community driven meme token, grow in these conditions?

To fit all of the above ideologies, RoboApe Token (RBA)A whole new token based on ethereum Technology coming soon.

A unique attribute of this token is its humanitarian mission and its ability to build communities with a rewarding culture through a variety of web-based events.

Robo Ape Your token, your vote, your community’ is a community-driven development. Dao. In turn, community members will have the opportunity to make a variety of decisions regarding community development initiatives and resource building.

The roadmap to achieving this goal includes a number of novelty initiatives planned for the community.

as part of the plan Robo Ape Academy, a completely free information hub that provides members all the information about cryptography.

They also have charity games and events in the pipeline to actively engage in to make the world a better place.

Robo Ape RoboApe eSports is stimulating the online gaming scene and also creating rewards for gaming enthusiasts to grow. Robo Ape Community.

philanthropic spirit of RBA Tokens combined with multiple uses create promising launches for the future. to become a member of Robo Ape For the community, we recommend joining during the development phase.

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conclusion

The Meme token has established a solid foothold amid an explosion of enthusiasm. cryptocurrency.

Their spirit of charity and mercy keeps the community together while having fun through a variety of events and educational facilities.

As fiat currencies continue to depreciate, we invest in cryptocurrencies such as: Robo Ape (RBA) Tokens are the most attractive option.

Pre-sale: https://ape.roboape.io/register

Website: http://roboape.io/

telegram: https://t.me/ROBOAPE_OFFICIAL

Twitter: https://twitter.com/ROBOAPE_TOKEN

Instagram: https://www.instagram.com/roboapetoken

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily and is not intended to be used as legal, tax, investment or financial advice.

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