Confusing World of Crypto and Meme Tokens
What are the meme tokens traded in Hive Engine? As far as I know, there are only two: MEME and PEPE.
PEPE in the Hive Engine is unrelated to PEPE outside of Hive. This is confusing to beginners. It would be thought that when the name PEPE is seen, it refers to the same thing.
This happened to me and a few here on Hive maybe two years ago. At that time I bought CUB from Hive Engine thinking it was the CUB that LeoFinance would soon launch. Fortunately, someone like me made a mistake and bought the CUB I was holding.
Extreme caution is needed before buying a token, whether it is a meme or not. Because this system in cryptocurrency is likely to continue. Imagine even the name Hive is used by at least three different entities. When I was new to Reddit and here at Hive, I saw a Redditor promoting Hive with a picture of a beautiful girl, and the link was connected to an article about Hive. The Hive that he wanted to promote is our blockchain network but the article refers to the Hive that had been listed on the NASDAQ and the NYSE. It was confusing because the company is also into blockchain and AI.
Another example is the Pi Network. It is expected that it will migrate from the enclosed mainnet to the open mainnet this coming June 28. I am not sure how true this is. I forgot the exact day that a certain Pi token was suddenly listed in crypto exchanges like HTX, BitMart, and Biconomy Exchange. Many pioneers thought that this was the Pi that they were "mining" with their mobile phones. Not long after, a disclaimer came out from the official channel of Pi Network that the token seen on exchanges is not connected to Pi Network although the website and whitepaper used are the same. Currently, this token in the crypto exchanges is worth 39.46 USD. Who wouldn't be excited to see that the price of Pi is that high?
Returning to Meme tokens, WIF, and BONK have been popular for the past week. Currently, its price is experiencing a correction. As a result, there are also doubts that the bull run may be over.
SEAL is perceived to be the next big meme token in the coming days. Many are looking forward to its rise. It is gaining a lot of support and we are told that this meme token raised 3 million USD in just one month. SEAL is Solana's meme token.
Anu ano ba ang mga meme tokens sa Hive Engine? Sa pagkakaalam ko ay dalawa lamang: ang MEME at PEPE.
Ang PEPE sa Hive ay walang kaugnayan sa PEPE sa labas ng Hive. Ito ay nakakalito sa mga baguhan. Aakalain na pag nakita ang pangalang PEPE, iisa lang ang tinutukoy.
Nangyari na ito sa akin at sa iilan dito sa Hive mga 2 taon na rin siguro ang nakalipas. At that time bumili ako ng CUB sa Hive Engine sa pag-aakalang ito yong CUB na ilalaunch ng LeoFinance at that time. Buti na lamang at meron ding kagaya ko na nagkamali sa akala at binili yong CUB na hawak ko.
Lubhang pag-iingat ang kailangan bago bumili ng isang token, meme man o ito o hindi. Sapagkat ang ganitong sistema sa cryptocurrency ay malamang na magpapatuloy. Imagine kahit ang Hive ay may 3 kapangalan. Sa katotohanan, noong bago pa lamang ako sa Reddit at dito sa Hive, may nakita akong Redditor na pinopromote ang Hive gamit ang larawan ng isang magandang babae at ang link ay konektado sa isang article tungkol sa Hive. Ang Hive na nais niyang ipromote ay ang blockhain network na ito subalit ang tinutukoy ng article ay ang Hive na listed sa NASDAQ at sa NYSE. Nakalilito sapagkat ang kumpanyang ito ay nasa blockchain din at AI.
Isa pang halimbawa ay ang Pi Network. Inaasahan na ito ay lilipat n amula sa enclosed mainnet tungo sa open mainnet sa darating na June 28. Hindi ko tiyak kung gaano katotoo ito. Nakalimutan ko ang isaktong araw ng biglang napasama ang Pi sa mga crypto exchanges tulad ng HTX, BitMart, at Biconomy Exchange. Inakala nang maraming mga pioneers na ito ang Pi na “minimina” nila sa kanilang mga mobile phones. Di katagalan ay lumabas ang isang disclaimer mula sa official channel ng Pi Network na ang token na nakikita sa mga exchanges ay hindi konektado sa Pi Network bagamat ang gamit na website at whitepaper ay pareho. Sa kasalukuyan, ang token na ito ay nagkakahalaga ng 39.46 USD. Sino ba naman ang hindi mae-excite kung makita na ganiyan katas ang price ng Pi.
Balik tayo sa meme tokens. Ang WIF at BONK ay popular ng nakalipas na lingo. Sa kasalukuyan, ang price nito ay nakakaranas ng correction. Resulta nito pumapasok rin ang mga pag-aalinlangan na baka tapos na ang bull run.
Ang susunod na malaking pangalan sa meme token ay ang SEAL. Inaabangan ito ng marami. Iniulat na ang meme token na ito ay nakapagraise ng 3 million USD sa loob lamang ng isang buwan. Ang SEAL ay meme token ng Solana.
Reference:
Dogwifhat and Bonk Prices Pull Back But Sealana Presale Hits $3M Mark
Posted Using InLeo Alpha
!MEME
I know this is a serious situation but it was funny to imagine it. I was just picturing you, all excited to get in on the LeoFinance action, only to end up with a different CUB altogether.
This is why everyone ought to do their research, and make sure they are buying the right thing so they do not end up in a mess so dire
The sad thing is the one who bought blamed the three of us who sold the token to him for stealing his HIVE. Like him, all four of us were clueless.
Understanding the meme furry in crypto is almost impossible. Yet, that the hype is draining the market is a fact too!
And the price increase of a few names is also undeniable.