Tag #Speculative Investing

How do the characteristics of meme coins, such as their lack of inherent value and reliance on internet trends, contribute to their volatility and risk?

The rapid rise of "$TRUMP", a meme coin with no underlying value, demonstrates the significant influence of internet trends and celebrity endorsements on cryptocurrency markets. This connects to broader concerns about market manipulation and the speculative nature of cryptocurrency investments, impacting investor confidence and potentially creating financial instability. The coin's success is based purely on speculation, not any intrinsic value.