Meme Fest commences on Twitter as the spotlight falls on cryptocrash

As long as the cryptocurrency continues its rapid progress leading to people losing balance every now and then, there is no doubt that Twitter will run out of memes. In fact, it would not be an exaggeration to say that cryptocurrencies have evolved into a meme hotspot. Whether the news is good or bad, there is always a good dose of memes to enjoy. At the moment, the picture doesn’t look very bright for the crypto world as the latest crash has caused some chaos. But again, this is only part of the game. And in the spirit of this ominous game, we have some hilarious memes. Since prices started dropping, memes have been on the rise. There’s nothing one needs on a day when the graph has gone down more than a good dose of memes. Whether you laugh or cry over memes is another question entirely, and for now, let’s not get too deep into this.

collapse and chaos

It hasn’t been a good time for cryptocurrencies in general since November. Since November, the cryptocurrency market has recorded a massive loss of $1 trillion. Cryptocurrency traders have been in turmoil ever since and it seems that things are not improving. Bitcoin in particular has recorded significant losses. Two months ago, the world’s largest cryptocurrency was having some bright time as it touched $70,000 per bitcoin only to drop 40 percent. Other cryptocurrencies have also suffered similar losses.

The massive drop comes after a period of commendable growth for the cryptocurrency market and traders are convinced that this is just a temporary and somewhat small bump in the path of progress. This current pullback was not a completely unexpected scenario as a certain amount of uncertainty was already foreseen. Perhaps the reason for the recent drop in prices can be traced back to the news about the US Federal Reserve accelerating its plan to raise interest rates in 2022. Bitcoin was also hit hard earlier after the Chinese crackdown on cryptocurrency about six months ago. . Well, it is usually said that every night has a day, and although the night seems rather long, crypto investors are confident of a brighter day. And right now, to brighten things up a bit, we’ve got some hilarious memes. Let’s flip through some of the memes and responses on Twitter.