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Showing posts from April, 2023

Rise of Meme Coins

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  Meme coins are created as a joke designed to grab the attention of social media users and meme lovers, but gained traction and provide investors with new opportunities to potentially make a quick profit. Online communities are driving the popularity of meme coins, based on popular buzzwords, memes, and tweets by millennials and magnates. The triumph of meme coins can be accredited to their communities driving crypto market demand for these coins. The meme coins are projected to grow exponentially with rocketing expectations among investors in the global crypto community. 1. Shiba Inu: Ready to Skyrocket Shiba Inu (SHIB) is the self-proclaimed rival to Dogecoin (DOGE), and gaining authenticity among crypto enthusiasts. SHIB has recently been moved from Binance’s Innovation Zone, establishing itself as a more secure currency with the potential for long-term growth according to crypto experts. SHIB is one of the most popular assets in Turkey over the previous three months.

What is a decentralized Autonomous Organization (DAO)?

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  Decentralized Autonomous Organization (DAO) DAO is an evolving legal entity without any central governing body. The members of DAO share a common goal to perform in the best interest of the entity. Commercialized by crypto enthusiasts and blockchain technology, DAOs are used for decision-making in a bottom-up management approach. Understanding DAO Decentralization is one of the main features of digital currencies. So the cryptos are not controlled by a single institution like a government body or a central bank but instead are divided among computers and nodes in the network. Virtual currencies make use of this decentralized status to attain high levels of privacy and security that are naturally unavailable to standard currencies and their transactions. Inspired by decentralization, a group of blockchain developers came up with the concept for a DAO as a venture capital fund, in April 2016. The objective of the DAO concept is to promote the administration and managemen