Cryptocurrencies are alternatives for bold investors looking to make a profit. Among them, memecoins are gaining ground as opportunities for income and engagement in the community. An example is the LOBO token.
The meme cryptocurrency brings relaxation to the blockchain, an environment in which users look for the best chances to invest. Lobo the wolf pup (LOBO) draws attention because it runs on the same platform as Bitcoin.
Runes Protocol
The Bitcoin blockchain is a pioneer in the world of decentralization. Basically, it works by mining and transacting new coins, as well as compatible coins. This means that NFTs and games did not usually appear on this network.
However, this changed over the years. Protocols that allow the trading of NFTs and online games emerge to make the use of blockchain more flexible. One of them is Runes Protocol, which allows the creation of tokens that can be exchanged for each other.
Runes Protocol enabled the creation of LOBO token, using the structure and system of Bitcoin. The base is developed by Ordinals, which allows NFTs to appear on the Bitcoin platform.
LOBO token
The LOBO token was created on the initiative of Buoyant Capital, an investment fund based in Mumbai, India, which donated 1.5 BTC to create the token. This value allowed the asset to become one of the main assets of Runes Protocol.
It appeared in April 2024. The first airdrop was targeted at holders of Ordinals, as Runes were created through this protocol.
The total supply of LOBO token is 21 billion units. The coin has no burning mechanism, which keeps the supply stable and constant. Community engagement maintains the coin's high movement on the blockchain.
Variable income option
Among the meme tokens, the best known are: DOGE, whose tycoon Elon Musk is one of the enthusiasts, SHIB, WIF, PEPE, BRETT, FLOKI and MEW. In Runes Protocol, the main memecoin is X.
Memecoins are variable income options. They are characterized by yield that varies over time. This means that they can be valued or devalued, depending on events in the political, economic and even cultural world.
It is different from fixed income investments, whose earnings are predetermined, such as savings accounts, Tesouro Direto and CDBs. To diversify your investments and make the most of each one, it is worth having fixed and variable income options in your portfolio.
Invest and earn good income with cryptocurrencies
It is worth being careful when investing in memecoins, such as LOBO token. As the value varies over time, you can invest part of the money in this type of investment. It is always good to follow market developments and news related to it.
This prevents the withdrawal of amounts to avoid greater losses in the event of cryptocurrency devaluation, for example. The investor must develop emotional balance to go through the turbulence and wait for the revaluation of the coins in this market.
By monitoring the movement of LOBO token and other investments in cryptocurrencies, you can predict whether there is a risk of a drop in the price. This way, you can redirect the application to other income opportunities.
Learn more about cryptocurrencies
Upon appearing on the Bitcoin blockchain, LOBO token is a trend among memecoins. To learn more about this and other currencies, as well as blockchains and investment tips, continue browsing the NovaDAX website. Register and start investing in digital assets!
