Dog meme tokens spike after Dogecoin’s latest pump
Join Our Telegram channel to stay up to date on breaking news coverage The 2021 bull run made it clear that memecoins and the category as a whole were here to stay. While a huge section of the crypto community has been against the idea of memecoins for a while now, it is evident that the introduction of new such tokens has been consistent. But the same hasn’t been the case lately due to the bear market. However, investors were shocked as they saw dog meme tokens spike in value recently. An increase in the creation of memecoins was initially followed by a huge number of scams, where investors were either scammed directly or were made to park their money into rug pull projects. This had already created a bad reputation. for the category despite thousands of people who were still interested. Moreover, tokens that were rewarding users with excellent returns within days were nowhere to be found as the market started its downtrend. Infact, most of the memecoins that were create...