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Meme coins are hot right now. Here's what you need to know about the wild corner of the crypto market.

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Summary
Nutrition label

70% Informative

Meme coins are cryptos often based on internet jokes or fads and often have fun logos or are associated with animals or characters.

Trump 's $ Trump coin has faced criticism, sparking copycat coins and investor concerns.

People buy meme coins for one reason: the hope of quick wealth.

The best-known cryptocurrency surged through the $ 100,000 threshold for the first time in December when the then-president-elect nominated Bush -era Securities and Exchange Commission boss Paul Atkins to run the regulator.

Atkins' nomination assured the industry that the SEC may be more lenient toward digital currencies.

VR Score

65

Informative language

59

Neutral language

54

Article tone

formal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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