Investing in meme coins: Key strategies from Giottus co-founder Arjun Vijay
economictimes.indiatimes.commeme coins have become a hot topic in the cryptocurrency world, delivering astronomical returns and capturing the imagination of investors. In a recent live stream session on ETMarkets, Arjun Vijay, Co-Founder & COO of Giottus, highlights that coins like Doge with Hat, Pepe, and Floki have shown remarkable gains, far outperforming traditional equity markets and even major cryptocurrencies like Bitcoin and Ethereum. Let's delve into the world of meme coins to understand their allure, their unique characteristics, and how to navigate this volatile market.
The origin and evolution of meme coins
The concept of cryptocurrencies began in 2009 with the release of Bitcoin by the pseudonymous Satoshi Nakamoto. Bitcoin's decentralised nature and its potential for facilitating global transactions without a central authority revolutionised the financial world. This paved the way for other blockchain-based platforms like Ethereum, Solana, and Tron, which support decentralised applications (dApps).
In 2013, the idea of a humorous cryptocurrency emerged, leading to the creation of Dogecoin. This coin, inspired by a popular dog meme, started as a joke but quickly gained traction. Its success opened the floodgates for a plethora of other meme coins, such as Shiba Inu, Pepe, and Bonk, each leveraging playful themes and vibrant community engagement.
