Ethan and Maya, two students at New York University, began exploring the cryptocurrency market in early 2023. Their initial venture involved an investment of $2,000 each in Pepe (PEPE) and subsequently another $2,000 in Book of Meme (BOME), both of which are meme coins.
They were in search of quick financial wins. After riding the volatile market waves of these tokens, they are now shifting their focus to what they perceive as a promising contender for long-term growth: BlockDAG (BDAG). This account details their experience with each cryptocurrency and their reasons for moving their funds to BlockDAG.
Diving into Meme Coins: Initial Gains with PEPE
The duo started their crypto journey with PEPE in April 2023, each investing $2,000 at a time when the price of PEPE was around $0.0000012. Their timing proved advantageous as the token’s value quickly soared over 300%, fueled by the meme coin frenzy. Within a week, their investment had grown to about $6,000 each.
Despite this, meme coins like PEPE are infamous for their instability. By June, their investments had declined to $3,500 each, resulting in a return on investment (ROI) of 75%. They held onto their PEPE assets, considering them as potential future gains if the meme coin trend resurfaced. However, the unpredictable nature of their assets led them to seek more stable options.
Exploring New Ventures: The BOME Investment
In 2024, Ethan and Maya invested in another meme coin, BOME, motivated by their initial success with PEPE. They each invested another $2,000 in BOME, a cryptocurrency aimed at building a decentralized collection of internet culture. Purchasing at $0.0078 per token, they anticipated similar success.
Their hopes were realized when BOME peaked at $0.02689 in March 2024, turning their $2,000 into approximately $6,900 each, a 245% ROI. However, the value of BOME dropped to around $0.0094 by November 2024, leaving them with a modest 20.5% ROI. This experience underscored the limitations of meme-based assets and prompted them to consider a more reliable investment route.
Shifting Focus: Choosing BlockDAG for Stability
Having dealt with the peaks and troughs of PEPE and BOME, Ethan and Maya reassessed their strategy. They sought a cryptocurrency with technological backing and potential for steady growth. Their research led them to BlockDAG, a project merging blockchain technology with Directed Acyclic Graph (DAG) technology, priced at $0.0234—a compelling entry point.
BlockDAG appealed to them due to its innovative transaction model and potential for scaling blockchain capabilities. With its roots in substantial technology rather than mere hype, BlockDAG seemed poised for longer-term success. They were also encouraged by BlockDAG’s fundraising achievements, having amassed over $123.5 million, demonstrating robust interest from the community.
Jumping in the Future: BlockDAG’s Promising Horizon
After evaluating their options, Ethan and Maya liquidated some of their PEPE and BOME holdings to put $3,000 each in BDAG. At the current price of $0.0234, they acquired around 136,364 coins each, considering this a strategic addition to their portfolios for hoped-for stable growth.
They are enthusiastic about BlockDAG’s upcoming milestones, including the completion of the mainnet and the subsequent test phases. The project’s focus on usability and the Ethereum Virtual Machine (EVM) compatibility suggests promising utility and demand within the BDAG ecosystem.
A New Chapter with BlockDAG
Their journey from speculative meme coins to the more grounded BlockDAG reflects a shift towards thoughtful, long-term planning in crypto. Their experience with PEPE and BOME delivered some financial gains but also highlighted the risks associated with high-volatility assets. BlockDAG’s solid technological foundation and community support present a new pathway for their crypto engagements—one that favors long-term stability over fleeting hype.
As they continue to hold some PEPE and BOME, Ethan and Maya remain hopeful that their assets in BlockDAG will yield the steady growth they are seeking. For these NYU students, embracing BlockDAG marks a pivotal turn towards a more secure and thoughtful approach in the cryptocurrency landscape.
Website: https://blockdag.network
Presale: https://purchase.blockdag.network
Telegram: https://t.me/blockDAGnetworkOfficial
Discord: https://discord.gg/Q7BxghMVyu