An Introduction
The OFFICIAL TRUMP and OFFICIAL MELANIA meme coins (referred to in the industry as “shitcoins”) launched by Donnie (aka POTUS) and Mela Trump January19/20th, are:
- DOWN 75% and 89%, respectively, from their all-time highs on Inauguration Day on January 20th
What Are Shitcoins?
In industry jargon the $TRUMP and $MELANIA coins are referred to as shitcoins.
Privacypros points out that “there are two kinds of people who want to know what a shitcoin is. The first doesn’t know exactly what it means for something to be a shitcoin. The other kind of person gets the idea of what a shitcoin is, but doesn’t know which cryptocurrencies are shitcoins and which aren’t so, for those who give a shit, here are some definitions:”
- The Urban Dictionary defines a shitcoin as “a great way to lose money” and “a cryptocurrency with no utility or unique features.” In other words, a shitcoin is a cryptocurrency that will someday be totally worthless.
- Investopia provides a detailed definition, saying that a shitcoin is “a pejorative term used to describe an altcoin that has become worthless. Shitcoin value may disappear because interest fails to materialize, because the altcoin itself was not created in good faith, or because the price is based on speculation.” This article then continues to break down ‘shitcoin’ more with another 500 words of description and analysis.
- A Quora poster calls it an “altcoin (that) is considered worthless due to the lack of…useful features in the development of its blockchain. While shitcoins are considered worthless, that doesn’t necessarily stop them from going ‘to the moon’”.
Where/How Can You Buy A $TRUMP or $MELANIA Meme Coin?
I don’t know why anyone would want to buy these shitcoins but if that is what you want to do then go HERE or HERE.
$Muskit Update
Elon Musk’s father, Errol Musk, has introduced $Muskit with the aim to raise $150M to $200M which will supposedly go toward the establishment of the Musk Institute, a for-profit think tank which is expected to do advanced engineering and focus on technological breakthroughs of the sort that don’t happen every day and that will, in Errol’s words, “do what no one else is doing.” It was launched at a price of $0.02 per coin, spiked to $0.11 but but has fallen back to a current $0.013.
