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CEX Quiz Answers October 26
Here are today's questions and answers. See image below. Then, you can find other questions below the image.
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Other Questions Part 1
1. What are the advantages of Dogecoin?
✅ Humor and community spirit
2. What increases the enjoyment of memecoins?
✅ Embrace fun and joy
3. What is surprising about some memecoins?
✅ Unexpected partnerships
4. What themes are conveyed about memecoin?
✅ Entertainment with potential
5. What memes inspired you?
✅ internet memes
6. What approach does memecoin take?
✅ Community based engagement
7. What analogy is used for the memecoin community?
✅ Digital summer camp
8. How is the profit potential of memecoins explained?
✅ Part of the crypto adventure
9. What is meant by “playing to win”?
✅ Engage with the community
10. How does the memecoin community work?
✅ Share ideas and content
11. What increased the popularity of memecoins?
✅ Cheap prices and social media
12. How is memecoin trading explained?
✅ A journey full of adventure
Other Questions Part 2
- 1. What should Bagholders do when a crisis occurs?
Consider their options carefully - 2.What is a Bag Holder?
A person holding a losing investment - 3. How does FUD affect your trading?
This can lead to hasty decisions - 4. What does FUD stand for?
Fear, Uncertainty, and Doubt - 5.What is Pump and Dump?
A scheme to inflate and then sell coins - 6.What are the risks of participating in Pump and Dump?
You could lose money if you buy at the peak - 7.How does FUD influence behavior?
This can give rise to fear and doubt - 8.How does DeFi empower users?
By allowing direct transactions without intermediaries. - 9. How does FOMO affect your decisions?
This can lead to impulsive choices - 10.What is DeFi?
Decentralized Finance without traditional banks. - 11.Why is it important to involve friends in crypto discussions?
To share knowledge and insight - 12.What is meant by FOMO?
Fear of Missing Out