January 4, 2024 4:00 PM | 1 min read
Options 101: The Beginner’s Guide
Want to become an options master? In his free report, options expert Nic Chahine will give you access to the four bulletproof tips for beginners, the secret to scoring 411% gains with options, and his time-tested “plan” for success. Grab your free copy of Options 101: The Beginner’s Guide ASAP.
Memecoin (CRYPTO: MEME) may be the latest memecoin to take off following a Binance Labs investment.
What Happened: Binance Labs, the venture capital and incubation arm of Binance, announced backing Memeland’s native MEME token.
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As the studio behind popular meme platform 9GAG, Memeland aims to connect its monthly 200 million users globally through MEME, NFTs, and social features like farming.
Read Next: Solana Meme Coin Silly Dragon Slays Giants, Explodes 119%
Why Does It Matter: Originally launched as jokes, memecoins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have found real adoption and growth.
Dogecoin rose 19% over the last two months, while Shiba Inu (CRYPTO: SHIB) climbed 22.4% in 60 days.
Other trending memecoins last year include Pepe (CRYPTO: PEPE), which saw a 2,109.8% gain in the past year and Bonk (CRYPTO: BONK).
It remains to be seen whether MEME can follow in the footsteps of these popular memecoins.
Analysts like crypto investor Mr. BIG WHALE are bullish on memecoins in 2024. He tweeted: “2024 Will Be HUGE For #Memecoins.”
Another X user, Carnation, said: “Memecoins are just leveraged trades without liquidations. few.”
Price Action: MEME surged 17.6% in 24 hours as volumes grew 160.5%, defying a market-wide dip.
Also Read: Rally Alert: Solana Dog Token BONK Leads Dog Coins Surge — Will The Rally Peak Further?
Options 101: The Beginner’s Guide
Want to become an options master? In his free report, options expert Nic Chahine will give you access to the four bulletproof tips for beginners, the secret to scoring 411% gains with options, and his time-tested “plan” for success. Grab your free copy of Options 101: The Beginner’s Guide ASAP.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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