They have no real value, are very volatile and until recently were mainly a joke. But Corners are suddenly more serious.
Stimulated by Donald TrumpThe new embrace of the cryptocurrency, the coins are Fans and a new control. A few days before he took office for a second term, Trump Launched a room Tonight was worth billions of dollars, at least on paper. He dropped after Melania Trump announced her own room days later.
The popularity of the same corners has skyrocketed in recent years, motivated by their accessibility, their relative simplicity compared to other cryptographic products and their buzz on social networks. The parts now hold a share of 41% of the total capitalization capitalization web3 market – decentralized platforms which use digital assets – according to data compiled by the social capital markets.
“In 2024, the pieces even dominated the Crypto, Blockchain and Web3 space, claiming the largest market to 22.49%Going out the big blockchains like Solana and Ethereum, “according to the report.
Around 40,000 to 50,000 tokens even are created every day. Some are more popular than others and their volume of trading varies. The number of memes exchanged parts jumped 1,091 last yearCompared to 740 the previous year, according to data compiled by the cryptographic company BDC Consulting.
Trump’s token, $ Trump, has become the fastest growth part To date, reaching a market capitalization of $ 13 billion, according to The Block, a cryptographic information site.
He paved the way for a broader adoption of coins and the global cryptography industry, say industry professionals, even if some people question the risks.
“Trump Token simply reported to all businesses, the municipality, the university and individual brand that crypto can now be used as capital training and a customer bootstrap mechanism said In a post on X.
What are the pieces even?
The pieces even are the cryptocurrency, the value of which increases and rises to the US dollar according to the quantity of people who will pay for this. The tokens are based on internet jokes, culture and celebrity trends, and can be used to buy and sell things on the internet without worry that a central bank or a government will affect the number of traffic.
The parts can be traced in 2013, when the software engineers Billy Markus and Jackson Palmer launched Dogecoin, a digital currency based on a meme involving a dog Shiba Inu. Dogecoin is now the largest cryptocurrency in the memes sector.
Uplided to less than 16 cents just before the ballot day, Dogecoin has more than doubled at almost 38 cents after Trump won. He again jumped after having created DOGE – the so -called ministry of government efficiency, a budget washing team led by the fan of Dogecoin Elon Musk.
One of the new coins with a catchy name – “Fartcoin” – was launched at the end of October and culminated in an evaluation of $ 836 million in mid -December, exceeding Dogecoin.
Even more recent on the market is “Musk It”, a piece of meme launched by Errol Musk, father of Elon. The token finances the Musk Institute, a for -profit reflection group, has reported Fortune.
Coin investors even include everyone, from Bitcoin millionaires to people who seize the opportunity to reach their big ones, say the initiates of the industry.
“All these children are like:” all good stocks are far too expensive. And the houses? I cannot afford it “”, told CNBC Omid Malekan, who teaches the crypto at the Columbia Business School. “” So I’m going to play on something that can “10x” my money, and if I lose everything, who cares? I was screwed up anyway. “”
The pieces are very speculative because they are based on rapid social media trends, unlike cryptocurrencies such as Ethereum or Bitcoin which derive their value from underlying technology. Investors can earn money, but they have lost money on parts that have acquired huge evaluations quickly after their launch and their cart immediately afterwards.
The industry was shaken Monday after Trump ordered prices on the three largest American trade partners, then delayed some. Trumps memes pieces have plunged while the new agitated worlds Axios.
$ Trump saw its value drop by 18%. He was $ 17.50 per token on Tuesday, against a peak of $ 72.62 the day before his oath. $ Melania fell 14%.
Toe Bautista, research analyst for the cryptographic trading company GSR, described the pieces even as the most risky type of game.
“Because they are not worth anything, you bet on the” biggest fool “,” said Bautista NBC News.
Trump’s play attracts criticism of cryptography
Trump won fans in the world of cryptography by committing to making America the “cryptographic capital of the planet”, but his meter piece took a little guard.
He understands an image of him raising his fist in the air and words “fight, fight, fight” – a reference to his reaction After an assassination attempt Last July. The token is marketed as “a piece of history”, with Trump describes as “the president of cryptography”.
“The incredible success of this one so far will probably strengthen Trump’s interest in industry, because he personally benefits,” said Alexander Blume, CEO of two digital active ingredients Prim, said The block. “On the other hand, for those interested in the cryptocurrency to reshape the global financial structure, this decision brings us more towards a cryptographic casino than true reform.”
CIC Digital and its affiliates hold 80% of the offer of the new Trump tokens, which will gradually be published over three years, according to disclosure on the tokens website, the New York Times reported. “Negotiation income” will be paid when the tokens are sold, the website says.
“This decision brings us more to a cryptographic casino than the real reform”
“Trump holding 80% and the launch of the hour calendar before the inauguration is predatory and many will probably be injured by him,” published Nick Tomaino, a venture capital of Crypto and former Coinbase frame, published on social networks.
Trump medal entities have made Almost $ 100 million in negotiation costsReuters reported on Monday, while small traders lost money.
What is the future of coins?
Some pieces have been more successful than others. Hailey Welch, “Girl Hawk Tuah” viral, saw its coin $ Hawk jump to $ 490 million before crash more than 95% The same day last fall. His investors are now continuing the entities behind his medal.
But the pieces even continue to generate hope among their fans that they can evolve towards an asset adopted by traditional financial institutions.
Grayscale Investments, one of the largest managers of cryptographic assets, launched Grayscale Dogecoin Trust to facilitate institutions to more easily obtain exposure to Dogecoin. If it is approved, the trust would be converted into a bargaining fund, bringing Dogecoin closer to the dominant current.
The result would be a “decisive test” for the new dry, according to the analyst of Morningstar Bryan Armor.
“An FNB of Dogecoin would not benefit investors: the capital markets should not be transformed into a casino,” Bryan Armor, director of research on passive strategies in Morningstar, told Salon. “But if it is approved, then I expect other pieces of memes to also be approved.”
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