Join Our 1,000,000+ Community

Get Ember

more posts

December 14, 2021

Meme coin mania returned in October

SHIB and DOGE faced off in the month of October. SHIB saw strong retail demand and saw $23B in trading volume on October 28th on Binance and Coinbase. The frenzie led to SHIB hitting an all-time high of $0.00008616 allowing it to flip DOGE as they both hung in the top-10 crypto coins by market cap before pulling back.

SHIB and DOGE are great examples of tokens that started off as memes that have now become active and vibrant communities that are actively building in the cryptoverse. SHIB has launched a DEX, NFT marketplace and NFT drop (Shiboshis), and is now rumored to be working with a AAA-studio on an NFT game. It will be interesting to see if the meme frenzie is a short-term phenomena or if it has the legs to go long-term.

Harsharn Singh
Investment Associate | Ember Fund

Thank you for reading!

Don't forget to come into the app tomorrow to continue learning about crypto! 

Enjoying Ember?



Don't miss out on our latest posts

February 06, 2024

January Reward Stats

We're thrilled to announce the Ember community's mining & reward stats for the month of January!

February 06, 2024

Welcome to Ember!

Here's a quick tutorial on how to use Ember.

February 06, 2024

Ember Partnered with Stake | Earn 10,000 Sats

We are thrilled to announce that Ember has partnered with Stake.com! To kick things off, we're airdropping 10,000 Sats in Ember to anyone who signs up on Stake.com, makes a deposit and plays their Crash or Plinko games.

Download Ember