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CEX Quiz Answers October 31
Here are today's questions and answers. See image below. Then, you can find other questions below the image.
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- 1. What is the content of the video about the Shiba Inu brand?
✅ He calls himself the “Dogecoin killer” - 2. What important lessons can be learned from the growth of memecoins?
✅ You don't need advanced technology to be successful, just community support - 3. What makes Dogecoin increasingly popular?
✅ Community behind it - 4. What does this video encourage viewers to do?
✅ Join a community and build something together - 5. What was the initial purpose of creating Dogecoin?
✅ It was meant to be a joke - 6. At the end, the video encourages viewers to do what?
✅ Join the community and stay tuned for more updates - 7. What is the essence of memecoin success?
✅ Community drives success - 8. Why do memecoins go viral?
✅ People share and believe it - 9. What does the video suggest about future coin creation?
✅ This will be supported by community involvement - 10. Why are memecoins so successful according to the video?
✅ The power of community - 11. What is the main attraction of memecoins as mentioned?
✅ Unpredictable and fun nature - 12. How can people contribute to the new projects mentioned in the video?
✅ By joining the community and being part of the journey
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