Here is my homework post for beginners course in the steemit's Crypto academy season 4 week7 by professor @wahyunahrul.

Introduction

Meme are ideas from a person that can easily be spread among a particular set of category of people in different forms as text, image or video which are humorous in nature. meme are funny jokes or even just a image acknowledge by large number of individuals giving the image a humorous understanding.

We know token as the form of digital currency that can be held as an asset or spend as a form of exchange for good and services. Meme token are Cryptocurrency that are been made in to blockchain network to imitate the internet jokes or they get some funny gesture rapped around them as a digital currency.

Why Meme Tokens could be one type of cryptocurrency that will have a big impact on the cryptocurrency market in 2021?

The year 2021 has been long gone and it has seen massive impact of meme token on the Cryptocurrency market as this year is the year of major breakthrough even for the first even made meme token. The impact made was brought about by different suitation and influences.

The first kind of Cryptocurrency designed to imitate fun is the dogecoin created by two software engineers known as Billy Markus and Jackson Palmer, this people want to give a digital payment system just like the new innovated bitcoin that can imitate a funny gesture in it's own community hereby making fun of the new blockchain technology.

In the early part of 2021, the dogecoin begin to grow both by volume, price and by market cap all because one of the richest man on earth started making interest in the token which was relayed by his tweeted account. This act started December 2020, when he just tweeted the word doge and the price of dogecoin increase a little bit by roughly 20%. The major impact came when he tweeted the image of a painting something around April 2021 which shows a Miro dog looking at the moon. This tweet made dogecoin price moved over 1000% giving it a new all time high and this introductes many investors to the now popular meme token.

Subsequently, in June 2021 Elon musk make a tweet saying my shiba inu will be name floki and later in September he tweeted that floki has arrived. Floki inu a meme token created August 2020 after this said tweet made an increase of 1000% too. All of this influence and price increase has been growing the meme token community and also leading to the creation of more meme token.

Meme token whose most analyst describe to be hyper volatile because usually most of them don't have a usercase on which they are been built and the price increase has been a source of attraction for new investors to come into the Cryptocurrency trading with the hope of making profit from it's Market volatility.

The most meme token introduce new user to Cryptocurrency the more market cap meme token will acquire who h increases it's impct in the Crypto space.

Do you think Meme Tokens is a type of cryptocurrency that shouldn't need to be created?

Meme are so common on the internet now day and we all know meme to be a source of joy to as least stay lovely even if u feel depressed or even when something is causing you sorrow. I believe the meme token are doing the same thing for the Cryptocurrency world at least for now.

When investor make investment on other crypto currency and it seem to have caused you sorrow, the hyper volatile state of meme Token can help to lift your financial pain away from you as long as you utilise the opportunity well. Like wise just like the normal meme, this meme token imitate jokes either by name, their image or both which by hearing or see them along the Cryptocurrency space give the same fun as the real like meme.

And lastly some of the meme token that are been created has the meme perspective, a community that it's bonds together and also has a user case that give the meme token an extra purpose of use. These are some of the reason why I believe this meme token serves a great purpose as a Cryptocurrency and are needed to be created.

If you had to choose to invest or trade on Meme Tokens, which would you choose?

Meme token have recently been growing in community, price and usercase. All of which have been mentioned before. To choose between invest and trade on meme tokens, I will love to choose trading rather than investing and these two crucial point should be considered.

1. Are meme token useful enough for them to has a strong and lasting community?

Meme token has really enjoyed a good sustainably from it's fan community as they promote their token and help themselves in every aspect of live but how good can this promotion be if the token does not have a soild use case to back itself?

If some of these fans begin to invest in other new project what will be the fact of the meme token for that community? all of these is questions can be answer if the meme token has a use in the Cryptospace. Without a proper use case, I don't think meme token or even anything worth long term investment.

2. State of the market price of meme token.

Most crypto analyst has described the market state of meme token to be hyper volatile all. Hyper volatile in the sense that the price increase or decrease is very high and unpredictable. These can even be noticed from even the best rated meme token like doge and Shibu inu.

_{1 month price shart for floki inu, showing the fluctuations in price trend}

The hyper volatile state of meme token suggest again that any user will get more gain from trading the token rather than long time investment as long has you get to know and study the token you want to trade on.

Choose a Meme Token and do an analysis of the Meme Token with the intention to trade

do trade using a small capital or using a demo account. Show how you trade based on the information you get and explain the supporting indicators you will use. (Screenshot Required)

Kishu inu is a token created in 2021 due to the major break through by the doge community. Kishu inu was created to have a true purpose more than all what the Normal meme token has to offer the crypto space.

Kishu Inu ($KISHU) is a community-focused, decentralized cryptocurrency with instant rewards thanks to active users!🐶_source

Kishu inu as a decentralized exchange and a community of which the token is been based upon and they assure safe and sure security for your investment. The token is available on major exchange like okec, bitmart, gate.io, uniswap and few otherz.

Kishu inu with the token symbol $kishu offer 2% usage reward to it user per transaction made, total supply of about 100 quadrillion, 200,000+ holder and market cap of over 300 million dollars.
price of kishu = $0.0000000031

sample trade

From my little knowledge of the token and the evaluation of its price over the last 1 month using the macd indicator.

The macd indicator helps to tell the trend of the price of the token using the trend indicated by the zero line and the macd line of the indicator, over the signal line that then indicates a continuous price trend or a chance of short trade or a major change of trend position.

From the data from my indicator now Is a good time to sell of my kishu and wait for the bearish market and buy again then sell after another short period of time.

I brought about 4.5 billion $kishu some days ago, and now I will sell them in the market to show a demo trade on kishu inu and then await the best price to buy back for a lesser value before the next bullish season of kishu inu. Below is the screenshot of my trade.

Conclusion

The blockchain technology joke( meme token) by social media influence has helped the Cryptocurrency general market to gain more user and enlightening more people to the good offer by the use of Cryptocurrency all in the year 2021.

Nevertheless, Cryptocurrency has lot more to offer than the hyper volatility of this token which is one of the major attractions. Cryptocurrency is the new innovative that the whole world is moving into and it will help to save alot of cost through the Decentralization.

Yet still, meme token has begin to develop use case and stronger community, in order to stand the ground and compete with other normal Cryptocurrency. Just more than meme, they offer all other functions same you can benefit from other type of token.