Fueled By Election Buzz, Memecoins Soar 22% On Pure Speculation—Report

Q: How long will it take to read this news story?

The story "Fueled By Election Buzz, Memecoins Soar 22% On Pure Speculation—Report" has 375 words across 73 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Fueled By Election Buzz, Memecoins Soar 22% On Pure Speculation—Report" was covered 2 weeks ago by NewsBTC, a news publisher based in United Kingdom.

Q: How trustworthy is 'NewsBTC' news outlet?

NewsBTC is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news. The outlet is headquartered in United Kingdom and publishes an average of 6 news stories per day. It's most recent story was published 10 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23464755</li><li>URL: https://beamstart.com/news/fueled-by-election-buzz-memecoins-17310076313362</li></ul>

NewsBTC Logo NewsBTC 2w ago

Fueled By Election Buzz, Memecoins Soar 22% On Pure Speculation—Report - NewsBTC

Quick Summary:

Binance Research: 75% Of All Memecoins Were Launched Last Year According to a November 2024 Binance research, meme currencies are growing in popularity because people are now looking at risk-on investments.

Related Reading: Why One Analyst Says Now’s The Time To Buy XRP—Before It Hits $14 Memecoins Jump by 22% In A Day, Thanks To Election Hype While these coins are considered community-driven and accessible investments, they’re also highly speculative.

Related Reading: Solana Rockets Past BNB To Claim Coveted 4th Spot In Crypto Ranks Although memecoins promise a strong upside, they are also a high-risk investment since they’re highly speculative and have few use cases.