Memecoins
This Coinbase catalyst could send Solana Meme Coins skyward
Coinbase Global (NASDAQ:COIN) is a cornerstone of the cryptocurrency ecosystem, providing investors with easy access to convert their dollars into a myriad of different tokens. While it is not the only company to provide such services, it is clear that with such a privileged position, its offerings tend to have a big impact for cryptocurrencies, including popular ones like Solana (CRYPTO: G).
Coinbase recently launched a new service that will likely catalyze the growth of Solana, as well as the numerous meme coins on the chain. Here’s what’s happening and how you can position yourself to profit.
It’s difficult to start investing in cryptocurrencies for the first time. Much of the blockchain the technology itself is more complex than typical consumer-grade software applications. Plus, the space has so much technical jargon to learn, so many jargon terms to be aware of, and a reputation for scams and risks that it’s enough to keep many people away altogether.
Source Fool.com