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Ho ho ho! These four new meme coins are sure to get you in the festive mood as crypto continues its countdown to Christmas. (DYOR!)
Tis the season for DYOR at Memecoins
There are only a handful of days left until Santa makes his nightly delivery run around the world, so you know what that means: That’s right, Christmas meme coins are everywhere!
Christmas is the king of holiday-inspired memecoins – and BNB Chain is the undisputed champion of these fun but incredibly volatile nanocap tokens.
Let’s check out four new Christmas memecoins listed on CoinGecko, but as always – and especially in this case – always, always DYOR before you even think about dropping any of your hard-earned $BNB.
1. Merry Christmas Token
Merry Christmas Token puts an interesting spin on the usual approach to holiday memecoins. Instead of buying, holding and asking for a pump – $MCT buyers can also buy and sell Christmas boxes Non-fungible tokens (NFTs) which will be “wrapped up” on Christmas Day.
A few hours after the launch of the MCT token, the price remained stable with a market cap of just under $400,000.
2. Floki Santa
In a way, there is more than meets the eye with Floki Santa. In another way, it really isn’t.
Rather than being a holiday spinoff of another memecoin, Floki Santa attributes its roots to an Elon Musk tweet of “a picture of his dog in a Santa costume with the caption ‘Floki Santa’.”
The bullish case for $FLOKISANTA: “In 2022, our team expects Musk to tweet about ‘Floki Santa’ again, creating another crypto Christmas miracle.”
Good luck with that!
In the 24 hours since the token was launched, the price of $FLOKISANTA had risen 20% and its market cap was just over $250,000.
3. Christmas Floki
Christmas Floki has the hallmarks of a classic holiday memecoin project.
“From the team that brought you Valentine Floki and Halloween Floki,” Christmas Floki has a buy/sell fee of 9%, with 4% going to token holders in the form of $BUSD reflections.
Will these reflections cover potential losses if $FLOC tanks? We will find out soon!
Since its launch on December 6, the price of $FLOC had fallen by 66% and its market cap was around $280,000.
4. Christmas Shiba
Christmas Shiba is a holiday memecoin for degenerates who prefer Shiba memes over other memes like Floki.
A portion of the buy/sell fee will go towards rewards for token holders, and according to the site, “Holding XSHIB may have some value against SHIB. When you hold XSHIB, you get SHIB.”
An interesting wrinkle to this memecoin is a “Legal Opinion Letter” posted on the site, attributed to a Delaware law firm, concluding that $XSHIB does not qualify as a security under US law.
It’s the holiday spirit!
In the hours following the launch, the price of $XSHIB had remained relatively stable with a market cap of around $1 million.
Remember: Playing funds on memecoins can be fun, especially during the holiday season. There is even an opportunity for you to earn money. However, there’s a much higher chance you’ll miss the pump, or be late to the dump and be left with the bag – which, unlike Santa’s magic bag, will be filled with losses, not gifts.
