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Test Your Knowledge
Earn 100 Diamonds for every perfect score!
Question 1:
What are meme coins in cryptocurrency?
A. Coins that are backed by major institutions.
B. Cryptocurrencies inspired by internet memes or social media jokes.
C. Coins with a maximum supply and predictable tokenomics.
Question 2:
Why did meme coins gain popularity during the COVID-19 pandemic?
A. Due to high-profile endorsements and low prices.
B. Due to their strong technological foundation.
C. Due to the surge of retail investors looking to hedge against inflation.
Question 3:
What is a significant risk when investing in meme coins?
A. They have predictable tokenomics.
B. They are prone to rug pulls, where developers abandon the project.
C. They are always backed by major cryptocurrencies.
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