The post Elon Musk Takes Over Twitter What Does This Mean For DOGE And Toon Finance Coin appeared first on Coinpedia Fintech News
Toon Finance Explodes After Elon purchases Twitter
Elon Musk finally bought Twitter after months of deliberation, lawsuits, and the possibility of a full-blown trial. The uncertain future of Twitter was sealed with the closure of the $44 billion purchase on Thursday night, following much drama and legal battles as Mr. Musk shifted his decision about acquiring the social media service.
And while some may say this is a bad thing, others (namely DOGE fans) are seeing a significant rally in the price of their favorite cryptocurrency.
Dogecoin is a cryptocurrency that was started as a joke in 2013, based on the “Doge” meme featuring a Shiba Inu dog. However, Musk has been tweeting about Dogecoin enthusiastically, and as a result, the price of the currency has surged.
Few months back, Musk tweeted that he had bought some Dogecoin for his nine-month-old son. “Bought some dogecoin for lil X, so he can be a toddler hodler,” Musk tweeted. The price of DOGE immediately jumped.
Rise of Meme based Cryptocurrency in Recent Years
In early February, Tesla and SpaceX CEO Elon Musk took to Twitter to express his love for Dogecoin, a cryptocurrency that started as a joke but has since become incredibly popular. The resulting social media frenzy caused the price of Dogecoin to surge, and it quickly became one of the most talked-about topics on the internet.
Since then, Musk has continued to tweet about Dogecoin, and the currency has only gained in popularity. In addition to Musk, other celebrities like Snoop Dogg and Gene Simmons have also voiced their support for Dogecoin, helping to raise its profile even further.
So what is this meme-based cryptocurrency all about? Dogecoin was created in 2013 as a satire of the Bitcoin craze that’s sweeping the nation at the time. It is based on the “Doge” meme, which features a Shiba Inu dog looking perplexed. Despite its origins as a joke, Dogecoin has gone on to become a real currency used by millions of people around the world.
One of the things that makes Dogecoin so popular is its low price, which makes it accessible to everyone. 1 Dogecoin is currently worth about $0.05, which is much cheaper than other more established cryptocurrencies like Bitcoin and Ethereum. This makes it perfect for small transactions or tipping content creators on social media platforms like Twitter and Reddit.
Dogecoin also has a very active and supportive community behind it. The “Doge Army” is always promoting the currency and working on ways to make it more popular. For example, they recently started an initiative called “Doge4Water” which raised money to provide clean water to people in need.
So far, 2021 has been a big year for Dogecoin. Thanks to the support of celebrities like Elon Musk, the currency has seen a massive surge in popularity and value. With its low price and friendly community, there’s no telling how far Dogecoin will go in the months and years ahead.
How do Meme Coins Work and What are its Pros and Cons
In the world of cryptocurrencies, a “meme coin” refers to a widely traded and widely followed digital money that may be represented in its visual design by humorous or animated memes. Meme coins could be entertaining, but they’re probably not worth your time or money
- Learning about cryptocurrencies and blockchain technologies with this entertaining asset kind
- Potential for Gain Due to Appreciation in Value
- Access to a potentially bustling business and investment scene
- Extreme risk and volatility in nature
- A pump-and-dump scheme has been accused of taking place.
- For some, the technology may be too complicated.
How TFT, Big Eyes, and other meme coins are different from one another
There’s no shortage of meme coins on the market these days. But what exactly are they, and how do they differ from one another?
All of these coins share one key goal: to provide an alternative to traditional fiat currencies. By using blockchain technology, these coins offer users a more secure and efficient way to transact.
Moreover, they also provide users with greater control over their personal data. As more people become aware of the benefits of meme coins, it is likely that they will continue to gain in popularity.
Big Eyes Vs Other Meme coins
Big Eyes Coin (BIG) is a new cryptocurrency on the market that aims to provide utility to the meme coin sector. The coin is already doing well, and it could help traders and investors avoid inflation. The meme coin Big Eyes Coin (BIG) has achieved all the cryptocurrencies’ pinnacles despite being a meme coin. The coin contains everything a cryptocurrency requires to be a smashing success in the cryptosphere.
Many cryptocurrency traders and investors clearly believe so, as seen by their decision to back the coin. It should come as no surprise that Big Eyes Coin (BIG) handles everything from NFTs to charitable donations.
Here’s how Big Eyes ($BIG) stands out from the crowd of meme coins and altcoins:
1. Big eyes will be owned and controlled by the community. At launch, there will be availability for 90% of Big Eyes ($BIG).
2. 5% of coins will be donated to help protect marine life.
3. Big Eyes ($BIG) is aiming to build NFT collections that are in the top ten globally. The consequence will be a rise in the token’s price.
4. About 4.5 percent of tokens will be allocated for promotion. This will guarantee that the excitement surrounding Big Eyes’ ($BIG) cryptocurrency will never fade.
Because of these factors, Big Eyes ($BIG) has the best chance of becoming a profitable meme coin.
How to invest in Big Eyes?
The first step is to use a wallet that supports Wallet Connect, such as MetaMask, or to install MetaMask on your browser (we recommend Trust Wallet).
When you’re ready to use your preferred wallet service, go to the “Connect Wallet” menu and pick the service. Choose “Wallet Connect” if you want to use a mobile wallet app.
You can now fund your wallet using ETH or BNB purchased from the marketplace. After that, you can use the ETH or BNB to buy Big Eyes.
To buy Big Eyes, enter the number you want to buy and then select “Buy with ETH” or “Buy with BNB” to pay using Ethereum or Binance Coin, respectively.
After the presale, you will be able to claim your Big Eyes tokens.
Toon Finance coin #1 Meme ICO Presale
The tremendous demand and supply of toon currency has caused it to gain widespread coverage in the media. The coin has only been available for purchase for four months, but its popularity has skyrocketed in that time. In the following months, its value will increase while providing more security for buyers.
Toon Finance’s unique presales and hardworking crew are the key drivers of the coin’s early success. The initial presale for Toon Finance Protocol was a huge success, and all of the tokens were purchased in less than a week.
When compared to other digital currencies, the advantages of the Toon Finance Protocol’s second presale stand out. The best part is that all the buzz about this presale is justified. In total, NFT’s development team has committed to creating around 10,000 unique Toonie characters for subscribers.
In addition, there will be creative airdrops during the presale, offering incentives like free NFT Mint Passes to the first 1,000 buyers. This is why participating in the Toon Finance presale and buying the coin might get you access to a wide range of advantages not available with any other cryptocurrency.
Visit the Toon Finance Protocol right away to sign up for the Toonie Army and receive information as it becomes available.
How to invest in Toon Finance Coin?
Now that you already know about Toon Finance Coin, here’s a quick rundown on how to easily invest in TFT:
Step 1: You will need a cryptocurrency wallet that supports Wallet Connect (such as MetaMask wallet).
Step 2: Now purchase ETH to your wallet and head over to the TFT presale page.
Step 3: Link your crypto wallet to Toon Finance by logging in to the TFT presale website with your cryptocurrency wallet.
Step 4: Here’s where to put in the amount of ETH you want to put into the token. The relevant quantity of TFT will be displayed in the presale box. To confirm the purchase, click on the buy button and follow the on-screen instructions.
Step 5: Once the presale is over, you will be able claim your TFT token.
The benefits of investing in meme coins
When it comes to investing in cryptocurrency, there are a lot of options to choose from. However, meme coins offer a unique opportunity for investors. Meme coins are digital assets that are based on popular internet memes.
While this may seem like a joke, meme coins actually have a lot to offer investors. For one thing, they tend to be much more affordable than other types of cryptocurrency. This makes them a great option for investors who are new to the market or for those who want to diversify their portfolio without breaking the bank.
In addition, meme coins tend to be much more volatile than other types of cryptocurrency. This means that they can offer investors the potential for high returns in a short period of time.
Finally, investing in meme coins is a way to show your support for the communities that have formed around these popular internet memes. By investing in meme coins, you can help to promote and grow these communities while also potentially earning a profit.
The future of meme coin investment
The internet has been a breeding ground for memes for years, and in recent years, memes have become big business. From celebrities endorsing products to brands using memes to sell their wares, it’s clear that memes have mainstream appeal. And now, with the rise of meme coins, investors are getting in on the action.
Meme coins are digital assets that are created for the sole purpose of being traded on online forums and social media platforms. While they don’t have any intrinsic value, their popularity has made them a hot commodity in the investment world.
While the current market is still small, it is growing at an exponential rate. In the past year alone, the meme coin market has grown by over 1000%.
This rapid growth is being driven by a number of factors, including the increasing popularity of memes, the rise of social media, and the availability of affordable meme-mining rigs.
As more people become aware of meme coins and their potential, investment is likely to continue to pour into this rapidly growing market. With meme coins still being in their infancy, there is vast potential for growth. Early investors who get in now stand to make a fortune as the meme coin market matures.
So, what does this all mean for DOGE and the rest of the meme coins? For one, it looks like Elon Musk has officially taken over Twitter. His tweets about Dogecoin have caused a significant rally in the price and volume of the coin. In addition, it seems that more people are starting to take notice of these alternative cryptocurrencies.
As we’ve seen with Bitcoin and Ethereum, when there is increased demand for a digital asset, its price tends to go up. Whether or not DOGE will continue to rise remains to be seen, but one thing is for sure – the meme coin uprising is well underway. Are you ready to get on board? If you want to learn more about Dogecoin or any of the other meme coins out there, feel free to reach out to us. We’d be happy to answer any questions you may have.
Toon Finance / TFT Twitter / Toon Finance Telegram
Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.