Where are memecoins heading? Do the rewards outweigh the risks?
With the Dogecoin surge, the memecoin frenzy became a new phenomenon in the crypto market. This lured many new participants — from seasoned traders to regular people — to the crypto market, hoping to ride the bullish wave. Other memecoins started to emerge, with many newly minted tokens recording multidigit price surges, sometimes just based on a tweet from Musk himself.
Since the DOGE craze of 2021, the market has been inundated with tens of thousands of memecoins and “shitcoins” trying to become the next Dogecoin or Shiba Inu . New anonymous memecoins often come with many smart contract vulnerabilities, including closed-source contracts, proxy contract mechanisms, tradeable logic with pause functionality , and setting high sell taxes hindering token sales. These vulnerabilities can potentially result in losses for traders.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Grand jury indicts New Jersey police officer on manslaughter charge in fatal 2021 shootingA Mantua Township, N.J., police officer was indicted by a grand jury for manslaughter in the fatal shooting of a civilian in September 2021.
Read more »
Grand Jury Indicts NJ Officer Who Shot and Killed Man in 2021A state grand jury voted to file a criminal charge against a police officer who shot and killed a man who had called 911 to report intruders outside his home in Mantua Township, New Jersey, back in 2021.
Read more »
Historic central Pa. fountain damaged in 2021 crash restored to its full gloryAn SUV crashed into the Memorial Fountain in the square of Chambersburg, Franklin County, in December 2021.
Read more »
Ticketing will be a huge use case for NFTs — Gary VeeIn May 2021, Vaynerchuck launched his VeeFriends NFT collection, comprising 10,255 unique tokens.
Read more »
Bovino's Brazilian Steakhouse in San Antonio closing ‘for the time being’The Mexico-based chain opened its Alamo City location in January 2021. SanAntonio SATX SanAntonioTX SanAntonioFood SanAntonioRestaurants
Read more »