What is all of the hype about? I mean aren’t they just “meme coins”? The hype is that over the last 2 or 3 years “meme coins’ ‘ like DOGE and SHIB coin have made a huge name for themselves being shared all over the internet reaching millions of people across the globe.
So what is all of this hype about and why did Toon Finance coin start receiving all of this hype and global attention about the DEX platform that they are releasing? Before we get into the next moonrocket we are going to explain to you what some of these terms like meme coin or meme token mean and why they are so significant to the world and future of finance.
In the world of cryptocurrency, there’s always something new to watch out for. And right now, that something new is meme coins. But what are meme coins? Are they a good investment? Let’s take a closer look.
What are Meme Coins?
A meme coin is a cryptocurrency that is based on or named after an internet meme. Dogecoin, for example, is a popular meme coin that was created in 2013 and is based on the Doge meme.
Other examples of meme coins include Shiba Inu Coin (SHIB), which is based on the same outline as the popular Dogecoin which originated from the DOGE meme. It can start to get a little confusing but do not worry because we are going to break it down to where a baby could buy some if they wanted to.
Meme coins are often created as a joke but some have managed to gain real economic value. Dogecoin, for example, has a market capitalization of over $6 billion and was trading at around $0.05 per coin at the time of writing.
Should You Invest in Meme Coins?
Whether or not you should invest in meme coins is a decision that only you can make. However, there are a few things you should keep in mind if you’re thinking about investing in these types of cryptocurrencies.
First, because many of these coins are created as jokes, they may be more volatile than other types of cryptocurrencies. This means that their prices can go up and down very quickly and it may be difficult to predict which way they’ll move next. Second, because they’re often created as jokes, they may not have the same level of development or support as more established cryptocurrencies. This could make them more risky to invest in.
If you’re thinking about investing in meme coins, there are a few things you should keep in mind first. These types of cryptocurrencies can be more volatile than other types of crypto and may not have the same level of development or support. However, if you’re willing to take on the risk, they could potentially offer big rewards.
TamaDoge claims to be a P2E game that resembles the game TAMAgotchi which is a handheld digital pet that was created in Japan by Akihiro Yokoi of WiZ and Aki Maita of Bandai. They claim to release the TamaDoge pet in their Tamaverse where users will be able to play to earn. TamaDoge is on the Ethereum blockchain and its founders are unknown. When you search the TAMA site it has a bunch of pictures of pixelated DOGE emblems.
TamaDoge is a new meme token or meme coin that hit the sphere this July. TamaDoge was full of hype and going viral in the recent months until Toon Finance came along and blindfolded the old pup.
Toon Finance is the new DEX platform that is releasing an all in one, one stop shop for all of your defi needs on the Ethereum blockchain.
We will get more into Toon Finance and their upcoming rise right after we finish telling you about the TAMA coin that nearly fell over 400% in the last week.
TamaDoge came out the gate strong at launch roughly 2-3 weeks ago. You can see the price chart below showing their initial inbound into the defi space.
TamaDoge Price analysis and data from the time of launch 2-3 weeks ago. 09/20/22
The old pup was on an upward trend until Toon Finance announced that they were finally opening their presale to the public which had been pushed back for weeks now. With all of the excited fans and the ToonFi hype Tamadoge recently fell this week over 400%. You can view the analysis below in the chart from CoinMarketCap. If you are interested in purchasing TAMA, they are now launched to the open market and you can view them on the centralized exchange OCX. (which i personally feel beats the point of being DEcentralized, but to each is own as they say.)
TAMA price Data from CoinMarketCap 10/14/2022
With such a huge drop in price in recent hours and the hype surrounding Toon Finance now, what does this mean for the future of TAMA? Will the pup prevail? Below we will move on and begin to tell you all about the rise of the newest meme coin to hit the crypto market called Toon Finance. Toon Finance has a very well developed website with a great idea, continue reading to hear more about how to get in early and all about the Toon Finance DEX swap.
Toon Finance $TFT
Toon Finance is the new DEX token project that everyone on the internet has been talking about lately. I am sure that at some point one morning while you are in line waiting on your tea or coffee in the morning you will end up hearing about the new Toon Finance project and their innovative and brilliant plan to create one of the most broad and used DEX platforms in the history of crypto.
This sounds huge! I figured that I would pass on some of the recent information that everyone in the defi and crypto community has been talking about.
We know how much everyone in the crypto community loves making profits on all of these new cute and cuddly NFT projects that have been dropping lately like Doodles and BAYC to name a few. Well we have something that looks just as interesting if not more interesting.
The Toon Finance team is going to be releasing a unique set of 10,000 cute little NFT characters. Each character will be unique in its own way and with so much art on the ToonFi website it’s fun to think about what the NFTs will look like.
These little cartoon characters will be used in their metaverse for P2E and other trading options. You will be able to mint one of these bad boys soon. To keep up with the latest on Toon Finance’s NFT project you can join them on Telegram where they post daily updates.
From the looks of it and all of the different media outlets that have been posting about $TFT this looks to be a pretty solid project. Always remember to DYOR (Do Your Own Research.) Of Course today we did it for you :). We are always more than happy to help our readers find the next 1000x moonshot like when we wrote about Safemoon and Shiba Inu.
Where can I buy Toon Finance?
Users can join the Toon Finance Presale and purchase tokens directly from the Toon.Finance website.
It is very simple and painless.
All you have to do is have a multicoin wallet such as MetaMask or TrustrWallet and load it with Ethereum. Metamask is the one we recommend for browser wallets on PC and Trust wallet is best for mobile devices. You can learn more about how to set up your wallet here.
Once you have your wallet filled with ETH, you are now ready to purchase your $TFT tokens. $TFT tokens can be purchased directly from the buy page which I will put in a link for you here.
Once you go to the website you click buy $TFT tokens and then wait for the transaction to go through and boom, that is it! You are now a part of the Toon Army. You can join the Telegram and see what daily updates are posted there. Toon Finance also has a Twitter page with over 18k followers as of writing this article and counting. You can follow them here.
Toon Finance Protocol | Telegram | CoinMarketCap | Toon Finance Coin Presale
This news is republished from another source. You can check the original article here