The Rise and Warnings of Memecoin Investments: Pepe, Shiba Inu, and SpongeBob Tokens.
TL;DR Summary
Crypto analyst Benjamin Cowen warns traders to be cautious of the ongoing memecoin frenzy, stating that most of the memecoins rallying right now are "outright scams." Cowen expects the crypto market to undergo "one more scare" this year, similar to the memecoin rally that occurred in 2019. The hype has been driven by the frog-themed crypto asset Pepe, which is up more than 510% in the past two weeks.
- Analyst Benjamin Cowen Issues Warning, Says Memecoin Frenzy Sending 2019-Style Top Signals The Daily Hodl
- Pepe Coin Will 'Flip' Shiba Inu Within A Year: Crypto Analyst Benzinga
- SpongeBob Token: The Next Meme Coin To Watch After Pepe's Price Explosion Bitcoinist
- Follow These Addresses to Turn $251 Pepe Investment to a mil Crypto News Flash
- PEPE Whales Swimming In Millions: Top 15 Holders Make Mind-Blowing Profits Benzinga
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