In the cryptocurrency market, meme coins are all the rage. With well-known public figures supporting them for long-term viability, these cryptocurrencies have captured the attention of the entire world. Even if there are several possibilities, finding the Best meme coins to buy might be a little challenging, especially if you are unfamiliar with the market.
The finest site to buy top meme coins with cheap fees is covered in this article, along with some of the most popular meme coins that will explode in 2023.
Overview
What is Meme Coins?
Like Bitcoin or Ethereum, meme coins are a digital currency. On the other hand, meme coins are frequently produced in tribute to memes, which are amusing concepts captured in an image, video or social media posting.
Meme coins are made to go viral and be shared, just like the memes they are based on. Many well-known people believe the cryptocurrencies will be around for a long time, and they have taken the globe by storm.
Read more: Ethereum Vs Ripple: ETH Vs XRP. Which Crypto Is Better In 2023
How do they work?
Meme coins function in the same way as other cryptocurrencies, making full use of the blockchain and the technology that is associated to it. In particular, they have become prevalent on blockchains such as Ethereum and Solana that make use of smart contracts.
In the past, producing a meme coin required a certain level of technological expertise. Apps and websites have been developed in recent years that can now perform all of the laborious tasks on your behalf. For example, DxLaunch provides all that is necessary for you to establish and launch your very own meme coin.
This is great for accessibility, but it also makes it feasible for con artists or scammers to take advantage of investors who are not as knowledgeable as they are.
Why are meme coins popular?
The popularity of Meme Coins has exploded in the previous year or two. Since the endorsement of Dogecoin by Elon Musk, Mark Cuban, and Snoop Dogg in early 2021, meme coins have been increasingly popular. Dogecoin’s price rose by 800% in just one day as a result of this kind of enthusiasm.
Since then, the price of Dogecoin and other meme coins has risen whenever Elon Musk mentions them on Twitter.
Furthermore, Musk has been tweeting about Dogecoin, including a January tweet when he declared that, if McDonald’s started taking Dogecoin, he would eat a Happy Meal on live television.
Plenty of meme-inspired currencies appeared in the cryptocurrency market after Dogecoin’s success.
What are The Best Meme Coins To Watch In 2023: Holding, Trading
In the next session, Cove Markets will give you a full insight of the 11 Top Meme coins to invest in at the moment:
Tamadoge (TAMA) – Newest Meme Coin to Buy on Presale Now
TamaDoge (TAMA), the Tamaverse gateway token, is the latest trendy meme coin. TAMA can be used to mint, breed, and combat your TamaDoge pet in the metaverse. This TamaDoge meme coin has been added to the doge community, however this one stands out from the pack. To begin with, unlike Dogecoin, which gained popularity through social media, Tamadoge is a token that can be used in a variety of different play-to-earn (P2E) features, which will be integrated in AR in the not too distant future.
The idea is to use the ‘Doge’ aesthetic to build a strong cryptocurrency community. The ‘Dogepoints’ you earn during games decide your monthly leaderboard rank. Tamadoge pets can be purchased through the Tama store. Using smart contracts, each pet is minted as an NFT. As a result, each pet has its own unique set of traits, strengths, and flaws. Tama tokens are burned 5% of the time consumers buy items in the Tama shop. It’s one of the finest cryptocurrencies to buy in 2023 because of the tax-free transactions and the ambitious agenda.
Tamadoge is also meant to be a “deflationary token.” Dogecoin has gone from having 100 billion tokens to having 132 billion tokens, while TAMA wants to have no more than 2 billion tokens. This will help make the token potentially worth more in the long run.
Finally, this cryptocurrency project has been checked by CoinSniper, and Solid Proof has done an audit. Users who are interested in the project can now pre-order Tamadoge.
| Min Investment | 1,000 TAMA (∼$10 + gas fee) |
| Max Investment | N/A |
| Purchase Methods | ETH, USDT, Debit / Credit Card (via Transak) |
| Chain | Ethereum |
| Beta Sale Ends | 2nd September 2023 |
| Presale Ends | Q4 2023 |
Dogecoin (DOGE) – Meme Coin with Highest Market Cap
The Dogecoin logo is a Shiba Inu, which is based on the “doge” Internet meme. The open-source digital currency was made by Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney, Australia. It was forked from Litecoin in December 2013. Since then, Dogecoin has developed into a significant cryptocurrency asset for owners.
Dogecoin has made headlines for the wrong reasons in recent times, however. In March 2020, a software update from Ripple destroyed the DOGE blockchain and created another big controversy. A few weeks later, the DOGE community was dealt a huge blow when a fraudster called Dimitry Kovoivanov created their own version of DOGE, which was named Dogewallet and promised “guaranteed profit” by buying and selling shiba inus and other digital assets.
Dogecoin has a market cap of $2.8 billion as of September 15, 2018. Dogecoin has a strong community backing it and is often used for charitable giving. It has also been used in popular online memes.
Because it was based on a dog meme, Dogecoin’s creators thought it would be a fun, silly cryptocurrency that would be popular with more people than just Bitcoin users. They were right – in January 2014, Dogecoin became the first digital currency to reach a billion dollar market cap.
Dogecoin has remained relatively stable in value over the past year or so, which is great news for investors. Its market cap is currently around $2.4 billion, making it one of the most popular and well-capitalized cryptocurrencies out there.
Dogecoin has continued to be a popular cryptocurrency asset, with more than six million owners and over four million active daily users. Its developers say that in the future, they expect Dogecoin to continue its successful journey, even if the altcoin space becomes oversaturated.
The easiest way to buy DOGE is through Coinmama. Coinmama is a very user-friendly cryptocurrency exchange that offers a 3% crypto deposit fee and $6USD coin withdrawal fee (for first 15 coins withdrawn). Other options you should consider are Binance, FTX, Coinbase and more.
Additionally, it is regarded as one of the top shitcoins and most undervalued cryptocurrencies for 2023.
Read more: Dogecoin Vs Dogelon Mars: DOGE Vs ELON. Which Crypto Is Better In 2023
Shiba Inu (SHIB) – Top Coin with Growing Utility
Shiba Inu is a meme coin that started out as a joke currency by an anonymous person named Ryoshi as an experiment on the community-driven initiative. This is a part-of-an-attempt to knock Dogecoin off the top spot as the best cryptocurrency for memes and put Shiba Inu in its place as the best buy meme coin for investors. Shiba Inu has been called the “Dogecoin killer” because of this.
During the first launch, 50% of the supply went to Vitalik Buterin’s wallet. The price of SHIB went from $0.000000000056 to $0.000084 in just 8 months, which is the highest it has ever been. So, Vitalik gave 10% of its SHIB holdings to the COVID-19 relief effort in India, and the other 40% will be burnt forever. At the time, that donation was worth about $1 billion, which made it one of the biggest gifts ever given.
Shiba Inu rose over 21,000% at the peak of the 2021 price rally, making it one of the best meme coins to buy this year, even though it was second to Dogecoin. But Shiba Inu isn’t trying to take the top spot by making a lot of noise on social media. The Shiba team has been coming up with a lot of use cases to keep the project fresh in investors’ minds. The most recent one is a trip to the Metaverse. A blog post on Shiba Inu’s website says that the company wants to start selling Shiba Lands, which is a kind of virtual real estate.
In 2023, Shiba Inu coin has become a meme coin that everyone is talking about. The cryptocurrency hit its all-time high price of $0.000084 on Oct. 28, 2021. Since it started in August 2020, that was a +150,000,000% increase. SHIB has kept up with the rest of the cryptocurrency market and is now worth $0.000026, which is 4.38% more than it was a day ago. Shiba Inu Price Predictions say that by the end of the year, this meme coin could be getting close to its all-time high of $0.00008845.
Read more: Safemoon Vs Shiba Inu Comparison: Which Is The Better For You To Investment 2023?
Akita Inu (AKITA) – Best for Cross-Chain Interoperability
AKITA coin is a decentralized meme coin that was inspired by Dogecoin. It was first made as a joke, but the community turned it into a real cryptocurrency. Even though Elon Musk’s support brought Dogecoin into the mainstream, there’s no denying that the community’s support is what put Dogecoin in the top five cryptocurrencies. The same thing is happening to AKITA, which is being called the “little brother” by Dogecoin.
The Ethereum network is the model for Akita Inu. The project started out small, like Shiba Inu, and most of the work on it has been done by a group of meme crypto enthusiasts rather than a core team. The primary goal of AKITA coin is to be used anonymously in user interactions on a decentralized communication network. Along with the extraordinarily rapid rise of the “pet token” craze in recent times, Akita Inu has generated quite a stir in the crypto market.
The complete market supply of 100,000,000,000,000,000 AKITA has been divided into two parts, with half of the supply sent to Vitalik Buterin’s wallet and the other half locked in Uniswap Pools. Furthermore, the private key is “discarded” to ensure the project’s decentralization. On Etherscan, there are now over 35,000 coin holders, and this number appears to be rapidly increasing as more people become aware of the low cost of Akita Inu.
Because AKITA is an ERC-20 token, it can be stored in wallets that support this standard. It is now possible to store it in most conventional wallets, such as:
- Metamask Wallet
- Trust Wallet
- Alternatively, you can keep AKITA tokens in the wallet of the specified exchange.
Samoyed Coin – Best Meme Token to Buy for Solana Ecosystem
Solana established Samoyed, which has a dog as its symbol. It functions as a meme coin and can be acquired on a variety of cryptocurrency exchanges. Binance, Coinbase, FTX, and Kraken are among them. Other platforms for swapping include Orca, Raydium, and Jupiter. While Solana founded the altcoin, it was designed to be community-owned. By acquiring the coin, you can become a member of the community.
The main goal of the coin is to get people interested in crypto who wouldn’t normally be interested. Solana is a scalable blockchain, which makes it very useful in the world of cryptocurrencies. You can use the cryptocurrency to buy and sell products online, as well as to speculate on its value. It’s worth mentioning that Samoyed coins are periodically burnt, so don’t expect the supply to grow dramatically. In this manner, the cryptocurrency’s price will rise over time. Several NFTs have been released under the Samoyed brand.
This high, like most meme currencies, proved temporary, and SAMO’s price has steadily declined over the last 10 months. At the time of writing, the Samoyed token price is only $0.014 – 94% less than the all-time highs set in October 2021. The major purpose of Samoyed Coin, as stated on its website, is to serve as an ambassador for the Solana blockchain. Solana is currently far behind Ethereum in terms of market capitalization, therefore projects like Samoyedcoin are critical for attracting new users to the network.
SAMO coins debuted in April 2021, and aside from a bullish jump in May 2021, they failed to gain traction. This changed in October 2021, when the SAMO cryptocurrency price increased by nearly 3,800%, reaching a peak of $0.22. Despite the fact that Solana is far smaller than Ethereum, the network is much more scalable and less expensive to utilize. Transactions cost $0.0005 and take 0.8 seconds to execute, according to Samoyedcoin’s whitepaper. Thus, SAMO holders can transfer tokens with significantly less energy than Ethereum-based tokens.
Read more: Coinbase vs Kraken: A Breakdown for Active Cryptocurrency Traders
MonaCoin (MONA) – Super Fast Transaction Speed
MonaCoin, sometimes known as Mona, is an open source cryptocurrency platform. MonaCoin is a “child” of Litecoin, a relatively young platform created in Japan in January 2014. The meme project is decentralized and open-source, and it uses a peer-to-peer (P2P) network to operate. MonaCoin, a derivative of the well-known Bitcoin fork Litecoin, employs the Lyra2RE algorithm (v2).
Mona swiftly gained traction in the cryptocurrency market after its inception, and many entrepreneurs, investors, and regular consumers now utilize the platform to move money. The MonaCoin network’s main benefit is its rapid transaction processing speed of 1.5 minutes and a dedicated, active community. Following a TV commercial promoting the funny cryptocurrency, the meme cryptocurrency gained popularity in Japan.
MonaCoin not only has the ability to transfer money, but it can also purchase and sell with other coins. MonaCoin, like other coins, can be used to purchase products and services via the internet. However, mining Mona will be difficult for you to learn if you are a “baby” in this industry. And, if you plan to invest in MonaCoin, make sure you thoroughly investigate the platform and learn how to exchange currencies. You can also assist the MonaCoin brokers in investing properly in the MonaCoin platform.
Read more: Litecoin Vs Ethereum Overview: What Crypto You Should Invest 2023?
Dogelon Mars (ELON) – Huge Growth Potential
Dogelon Mars is a cryptocurrency, like most meme cryptos, is community-driven and decentralized, and created on the Ethereum blockchain, and currently ranks 3rd in the ranking of meme coins by market capitalization. The project’s main narrative revolves around the planet Mars and depicts how the dog-themed in-game meme travels through the galaxy and meets new friends. Dogelon Mars has no identifiable figure, typical of meme coins. While it doesn’t have any unique features, it has an interesting back story that makes a lot of people excited and want to own it.
Dogelon Mars is a fork of Dogecoin, the most popular meme crypto figure. To increase its appeal, the founders have enlisted the help of Dogecoin’s main supporter, Elon Musk, and have united both figures to establish the project. Musk believes that humans should live on many planets to preserve different civilizations, in addition to being able to prevent serious incidents from happening on earth. As for Dogelon Mars, it hopes its token will become the currency people use to pay for tickets to their planet. With this ELON token, they want everyone to go to Mars and the Moon together in the distant future.
Currently, the price of ELON has somewhat declined from its highest level set one month ago. However, this period is the general downtrend of the market. Currently, Dogelon Mars is still volatile at an acceptable level. Dogelon’s ELON token has mostly traded for a fraction of a dollar, but the meme coin has a significant following. The meme crypto cartoon has over 650K Twitter followers and 90K+ Telegram followers. ELON is trading at $0.0000009, up 3.64% in the past 24 hours.
Doge Dash (DOGEDASH) – Latest Meme Crypto for P2E
Doge Dash puts a fresh spin on the established meme cryptocurrency market. Doge Dash is a play-to-earn (P2E) game built on the Binance Smart Chain (BSC) network that takes heavy inspiration from the ’90s Super Mario and Sonic craze. The objective of the game is to quickly collect as many coins as possible.
Doge Dash’s primary goal is to recruit new users to the crypto gaming arena, and a secondary goal is to satisfy the nostalgic itch of long-time gamers. Paul, a crypto enthusiast, created DogeDash and is leading a small but dedicated development team.
Doge Dash is a new spin on the overall meme crypto niche. Based on the Binance Smart Chain (BSC) network, Doge Dash is a P2E that borrows strongly from the 90s Super Mario and Sonic movement. Players need to make a dash while collecting coins on the way. Doge Dash’s core mission is to onboard more users into the crypto gaming space and it aims to bring back fun and nostalgia to early gamers who may want to rekindle old memories. Doge Dash was founded by crypto enthusiast Paul and has a budding development team backing the project.
Doge Dash features 10 fun, fast-paced levels with increasing difficulty for the player to progress. Players must Dash above and below platforms, monsters and even a zombie-infested City to access the DogHouse and complete the game. Each player “Dash” costs 100 Dog eDash coins to enter. These coins are redistributed into the Game Rewards wallet to keep it replenished for forfuture players. Total 10,000 coins are available on each Dash, if the player reaches the doghouse by the end of level 10 the collected amount is then deposited into their CryptoWallet and can be traded instantly.
Read more: TOP 15 Best Metaverse Coins To Trade & HODL In 2023: A Full Guidance For Crypto Beginners
Dogs of Elon (DOE) – Best Meme Token for NFTs
Dogs of Elon is the top meme crypto for NFTs because it is the most popular dog meme token. Each DOG of ELON NFT is certified as a unique, non-refundable, and permanent token. DOE is a great NFT to collect because it has a high valuation, and it can be used in trading, social media posts, and much more. This is because Dogs of Elon was designed with collectability in mind, which means that there is a great demand from both the crypto and non-crypto communities for DOGs of ELON. The project also has many celebrities as ambassadors, which creates even more demand for NFTs.
DOE is not only one of the most popular NFT projects but also one of the most successful. Despite its early January launch, Dogs of Elon hit $1.8 million in 24 hours and has since grown to hold a valuation of $21.4 million.
The first thing that sets DOE apart from other NFT projects is the sheer number of owners that hold an interest in the project. Despite not being fully decentralized, a staggering 1.85 million owners hold an interest in the project, making it by far the most popular NFT project of its kind.
Not only is Dogs of Elon the best meme token for NFTs, but it is also one of the top memes periods. If you are new to the world of NFTs, then Dogs of Elon is an excellent starting point. It is easy to understand and use, and the dogs are cute and cuddly. The crypto is currently trading at $33.72 while writing. With such an increase in valuation, it is clear that the project appeals to both the crypto and non-crypto communities.
Dogs of Elon was one of the first NFTs to go viral on YouTube and Twitter, with millions of views and likes. In addition to its viral appeal, Dogs of Elon is also a great meme currency because it is the most popular dog meme token on the internet. There hasn’t been another meme coin initiative like The Dogs of Elon. The developer team claims they want to build a decentralized version of the NFT avatar used by the CryptoPunks. Included are 10,000 one-of-a-kind NFTs to raise a glass to the K-9-themed NFT avatar running on the Ethereum blockchain.
Dogs of Elon also features unique NFT collections with 30 Elons and 70 Zombie DOGEs. Further, the Meme Coin team is developing a peer-to-peer (P2P) game platform. As of right now, one DOE token would get you $0.04, down 0.27% in the last 24 hours. This makes it one of the best-performing meme coins to date.
Read more: TOP Solana Projects To Know In 2023: DeFi, P2P, NFTs, Metaverse
Hoge Finance (HOGE) – Popular Meme Coin for Staking
Hoge Finance coin is a self-deflationary cryptocurrency. For each transaction with HOGE, 2% of that transaction fee will be allocated and removed (Burned) from the total supply. Hoge Finance, formerly known as Hogecoin, is a DeFi auto-staking ERC-20 token driven by the community. In addition to being a deflationary meme staking cryptocurrency, there is a hard cap of just 1 trillion HOGE coins that will ever be issued.
This makes every circulating HOGE coin that much more valuable and collectible. As a result of deflation and the redistribution of HOGE among token users, the value of the remaining HOGE tokens in circulation rises with each usage of HOGE. In this regard, DOGE is unique. However, DOGE’s cryptographic code is suspect since inflation is built into the currency. One Dogecoin may have less value in the future if there are more of them in circulation. Here’s when HOGE comes in handy.
As a result, all HOGE owners should strive for optimal HOGE utilization. Everyone who owns a piece of the network sees their own wealth grow as the network’s transaction volume grows. The meme coin, which launched in early 2021, burns as much as one percent of all transactions on the network. About half of the token supply was destroyed at debut. The remaining one percent is split across all HOGE-token-containing wallets.
Read more: TOP 10 Best ERC20 Coins To Trade & HODL In 2023: A Full Guidance Of Potential Crypto For Traders
Banano (BAN) – Future Meme coin
Banano is a cryptocurrency with the long-term goal of replacing other meme-centric currencies. As of right now, one Banano coin is worth a pittance, but its cheap price and lack of transaction fees make it an appealing cryptocurrency. Banano has so defined itself as a sensation, a moment, and a wealthy currency. DAG technology’s potassium electronics are here to shake up the meme market.
Banano was released in April of 2018 as a result of a hard fork from NANO, a coin with a lengthier history. This is a brand new currency whose ultimate goal is to launch a charitable organization. Since it was important to Banano that existing code libraries be compatible across chains, it has left many features untouched. The Proof of Work (PoW) requirement and the currency have been modified
Even though Banano is primarily concerned with ensuring that all users have access to the cryptocurrency without cost or discrimination, it is also experimenting with other services, such as online messaging (MonkeyTalks), and multiple layers of security (Camo BANANO), and more.
So, what makes this cryptocurrency known as Banano so special? As a result, Banano Coin has several distinguishing characteristics:
- Mainnet in April 2018.
- Hardford from NANO/XRB.
- Free and instant transactions.
- Continuous improvement (mining faucets, online messaging, security layers, games, etc.)
Shiba Predator (QOM) – Shiba Inu Killer Meme Coin
A coin meme project called Shiba Predator was created with the intention of destroying the market values that Shiba Inu has established (Shiba Inu Killer). This reminds me of how SHIB defeated DOGE in the past. Shiba Predator is developed on the Ethereum network (ERC-20), and the community receives all project currency.
The Shiba Predator project hasn’t shared any information about how it will be built. On the other hand, Shiba Predator will add many more features and products that investors will find appealing:
- Introducing the NFT feature, the NFT market, and what’s next for Metaverse
- QOM coins will be easier to keep track of after the launch of a private storage wallet.
- Putting the governance feature on the DAO online so that the community can help build projects.
- Introducing A way for investors to make money through staking.
- To grow the ecosystem, more development and blockchain games are being made.
Some of the ways the QOM token can be used are:
- Used to buy and sell things in the market.
- Use the future governance mechanism to vote and take part in running the project.
- As a transaction cost for services the Shiba Predator project will offer in the future.
- Shiba Predator will soon have the currency of projects in the fields of NFT and Metaverse.
- Used to be able to take part in the Staking service and get rewards.
Read more: BEP2 vs BEP20 vs ERC20: Which Is The Best Choice For You 2023?
How can I store cryptocurrency?
There are a few different ways that you can store your cryptocurrency. You can either store it on an exchange, in a wallet, or on a piece of paper. If you store it on an exchange, you are trusting that the exchange will not get hacked and that you will not lose your currency.
If you store it in a wallet, you are trusting that the wallet will not get hacked and that you will not lose your currency. If you store it on a piece of paper, you are trusting that you will not lose the piece of paper.
Read more: Best Crypto Wallets For Storing Coins In 2023: Hot Wallets & Cold Wallets
FAQs
How do I find new meme coins?
There is no one definitive answer to this question. However, some people suggest looking on online portals like Twitter or Reddit. Others suggest looking in online communities or forums.
Once you have found these sources of information, be sure to consult with a professional to get started investing in meme coins. It may be difficult to get the same information as someone who is looking on the internet, but with time and perseverance, there may be some finds made.
How can I use Meme Coins?
Now that we understand something about memes, what on Earth do we do? Well, we might as well put all the knowledge together and try and do something with it. So, we suggest that you start saving for the right market conditions, and try to find late meme coins and even buy the coins.
What is the Best Meme Crypto to Buy in 2023?
There is no one definitive answer to this question. However, some traders believe that the best bet would be to wait for the right market conditions before investing. Others believe that the best bet would be to start saving for a front runner.
It is important to research the market conditions that will be faced by the memes in 2023, as well as the overall crypto market as a whole. You can also explore the market conditions that will be faced by the memes in 2023 as a whole, as well as the overall crypto market as a whole.
Are Meme Coins a Good Investment?
It’s not sure since meme coins do not give a certain implement to the whole blockchains. So, you need to prepare for the worst cases in your investments.
What are the risks when trading Meme coins?
It’s vital to keep in mind that investing in meme coins is a very hazardous endeavor and may frequently result in big losses due to fraud, hacking, and exploitation. This is true despite the meme currencies’ enormous upside potential and their mascots’ seeming innocence as animal-centric memes.
Not to mention the typical losses sustained by joining the bandwagon out of a sense of not wanting to miss out, as well as the worries of seeing your new investment tank as the meme mob moves on to other bright goods.
How do I know if a Meme coin is worth buying or not?
- Become knowledgeable about real and phony meme coins.
- Steer clear of coins whose developers possess the majority of the tokens.
- Check if the liquidity pools are legitimate.
- Verify the projects’ transparency and audit status.
How can I use Meme Coins?
Meme coins are a new way to support your favorite content creators. You can use them to tip, or donate, to the creator of a meme, or video, that you enjoy. This is a great way to show your support, and help the creator to continue making content that you enjoy.
Can I exchange Meme Coins for other currencies?
Yes, you can through different coin currency exchanges platforms. Meme coins are a type of digital currency that can be used to purchase goods and services online. They can also be exchanged for cryptocurrencies, such BTC or ETH, BNB, LRC, LINK, ROSE, ATOM, USDT, BUSD and more. While meme coins are not currently widely accepted, there are a few online merchants that do accept them.
Read more: Litecoin Vs Bitcoin Comparison: Which Should You Invest 2023?
Who created Meme Coins?
In 2013, Billy Marcus and Jackson Palmer developed the first meme coin in the world as a dig at Bitcoin.
How secure are Meme Coins?
It is a digital currency that is not regulated by a bank or other central authority. Instead, a decentralized P2P computer network operates it and manages it. A powerful encryption technology is used to sustain the network and ensure that the money is protected from theft.
Conclusion
Meme coins were a storm to crypto market in the last year because of their ROE. But it is uncertain that the storm has came to an end or there will be the second, or even the third, waves coming to crypto space. So, Let’s watch out the top meme coins list for future.
Disclaimer: The information provided in this article is not investment advice from Cove Markets. Cryptocurrency investment activities are yet to be recognized and protected by the laws in some countries. Cryptocurrencies always contain financial risks.
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