Cryptocurrency

Cryptocurrency Memes Make Crypto Market Bear-able

Despite the crypto market hitting a low patch, the cryptocurrency related memes is trending and surging. Creative and catchy marvellous memes are attracting a lot of eyeballs and garnering likes. Currently, the memes are overflowing amidst the bear’s market.

Due to the market plunge, many new memes have been circulating on the internet. The market downturn has also resulted in resurrecting the old memes that had lost its significance. For example, Hide the Pain Harold sticker sets have been seeing heavy usage on Telegram ever since BTC dropped below $6,000.

The non-player character also known as the NPC meme is 2018’s most popular meme and is used excessively. Its been extensively used throughout the cryptocurrency space to mock opponents. Previously, the bitcoin sentiments were expressed in sticker sets through chats in the Telegram app, an instant messenger service. In regards to the sticker set, the Blockstream/Bitcoin Core Telegram pack one of the finest sticker collections is currently doing the rounds in the crypto meme market.

Twelve months ago, media outlets were running low on stock images of bulls to accompany stories of BTC hitting new all-time highs. One year on and it’s bears we’re running low on. Thankfully, internet image boards and Telegram channels are a ripe repository of the sort of bears last seen in childhood cartoons, now repurposed to suit the market we find ourselves in, as reported in Bitcoin News.

The bear’s market has affected many industrialists including Wall Street’s best-known cryptocurrency bull Tom Lee. The co-founder of Fundstrat Global Advisors has slashed his year-end bitcoin price target to $15,000 from $25,000. The dubious nature of the crypto market has affected many industrialists. But Lee is betting on a recovery. He told clients in a note on Friday that even in the depths of a previous bitcoin bear market between 2013 and 2015, it “never sustained a move below breakeven, ” as stated in CNBC.

[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]
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Divya Pandit is a copywriter as well as a content writer, and she specializes in writing blogs, product descriptions and articles. Working in an entertainment company as a content editor has more than 2.5 years of experience. A writer by day and a reader by night has a flawless writing skill and loves to pen her thoughts in words.

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