There is one significant distinction between cryptocurrencies and meme coins: the aim.
Dogecoin token
Some believe that 2021 will be the year of ‘dogs’ for cryptocurrency. Dogecoin (DOGE) and Shiba Inu (SHIB), the canine combo, lead the meme currency pack in terms of price and market value. DOGE has increased almost 8,000 percent since the beginning of the year and is ranked #9 by market value on CoinMarketCap as of November 2021. SHIB, its opponent, has pumped more than 60,000,000% since January.
Things move quickly in the meme coin world, as they do in most internet jokes because nobody cares about anything they read on social media for more than a few minutes. This means that coins must be generated quickly in order to be classified as a meme currency rather than simply another random coin. In this article, we will discuss Meme tokens, their good side, bad side and their future.
Dogecoin is the first meme coin, having been developed in 2013 as a joke based on a meme. It gained popularity once Elon Musk began tweeting about it, and regular investors began purchasing it in droves.
Developers have launched a spate of joke currencies after Dogecoin since anybody can build a new cryptocurrency. Many of these currencies are Dogecoin spinoffs, such as Shiba Inu, but there are dozens of additional meme coins to choose from.
Dogecoin Overview
Dogecoin is crypto, similar to Bitcoin and Ethereum, but it is not the same as either of these prominent coins. Dogecoin was named after a once-popular meme and was founded, at least in part, as a lighthearted joke for
Meggie Nahatakyan
cryptocurrency aficionados. Despite its strange genesis story, Dogecoin has skyrocketed in popularity in 2021, becoming the sixth-largest cryptocurrency by market valuation as of writing.
Billy Marcus and Jackson Palmer, two software programmers, invented Dogecoin in late 2013. Palmer created the cryptocurrency's logo by mistyping the term 'doge' to represent a Shiba Inu dog, a popular joke at the time.
Shiba Inu Overview
Shiba Inu is an Ethereum-based altcoin (an alternative cryptocurrency to Bitcoin) using the Shiba Inu, a Japanese breed of hunting dog, as its symbol. Shiba Inu is widely regarded as a viable alternative to Dogecoin; in fact, Shiba Inu supporters refer to it as 'the Dogecoin killer'.
Shiba Inu and Dogecoin are meme coins, which are cryptocurrencies connected with a theme, in the instance of Shiba Inu and Dogecoin, the Shiba Inu dog, but they are more often made as a prank or an inside joke than as a legitimate digital product. While Dogecoin was established in December 2013, Ryoshi, an unidentified individual or group, invented Shiba Inu in August 2020.
Cryptocurrency vs Meme Coins
Meme coins are a sort of cryptocurrency, however, there is one significant distinction between cryptocurrencies and meme coins, and that difference is mostly the aim.
Bitcoin and Ethereum, two major cryptocurrencies, were created to answer real-world issues. The ultimate objective is for it to be widely accepted by merchants, resulting in the creation of a new kind of decentralized currency that will revolutionize a range of sectors.
On the other hand, meme coins currently serve no real-world use, and the majority of them were established for profit. Many investors sell quickly once their prices rise in order to earn a rapid profit because meme coins now have no practical utility.
Meme Coins Good Sides
When Dogecoin originally appeared in 2013, it was thought to be a prank. No one imagined this coin could be anything other than a meme, even in their wildest imaginations. Doge is now worth $100,000 if you purchased it for $1,000 last year. Consider those who bought Dogecoin in 2013 because they thought it was a joke (or simply for fun).
If you put more than $1,000 into it, you'll get a better return. Doge has proven to be one of the most profitable cryptocurrencies in history, and it is still bringing money to individuals. This is not a coincidence. Nowadays, investors are pouring money into Meme currencies, with Shiba Inu being the most recent example, reaching an all-time high in November 2021.
Meme Coins Bad Ugly Sides
Meme coins may have experienced exponential growth in 2021, but trading and investing in meme coins, like other cryptocurrencies, entails significant financial risk.
As the meme coin market grows, you should be cautious that certain projects may try to take advantage of the enthusiasm to defraud traders. For example, in only one week, Squid Game (SQUID), a meme currency based on the famous Netflix program of the same name, increased by almost 86,000%. However, the development team immediately pulled the rug out from under them, causing the price to collapse by 99%. Worse, holders have been barred from selling their SQUID tokens.
Meme Coin Future
It might be difficult to predict if a meme coin will be bullish or bearish. Meme currencies often lack a market value and a high circulating quantity, making them very inexpensive and easy to get. Because meme currencies are frequently inexpensive and easy to obtain, there are several other aspects to consider while predicting the future of any meme currency.
The growing popularity of meme tokens and dogecoins is being fueled in part by social media. Elon Musk is one of the market factors that has frequently been indirectly impacting the price fluctuations of DOGE and Floki Inu (FLOKI) via erratic Twitter updates.
Such an attitude might be immensely destructive to cryptocurrencies in the long term. This might reverse the industry's overall trajectory toward pushing the financial world towards an even more gloomy future.
Nonetheless, new meme tokens and dog coins join the market on a daily basis, and regular investors tend to purchase them with the aim of replicating the profits made by DODGE and SHIB in the past. In fact, the excitement around dogecoins has developed to the point that it is apparently driving demand for genuine dogs.
Are They Worth the Investment?
Even the most experienced investors face ups and downs while investing in meme coins. However, by finding out and implementing the proper knowledge, one may limit the dangers while maximizing profits. There are thousands of meme currencies to choose from, and the vast majority of them are fraud schemes. As a result, in order to compete in this market, you must be at your best.
The reality is that diamonds may be found amid stones; you simply have to know where to look and how to look. These particular meme coins have the potential to create 1000 for early investors.
Before investing in any meme currency, spend some time researching the token's community to learn about the creators' priorities. Do they have a long-term plan for community building and long-term growth? Are they more interested in raising the price and pressuring consumers to buy? The former is a positive thing, whilst the latter is a warning sign. Additionally, it would be helpful if you could find out whether the initiative has a whitepaper outlining its true goal and objective.
Final Thoughts
With new meme currencies hitting the market every day and traders seeking to emulate DOGE and SHIB's earnings, it is crucial to DYOR before investing in any meme currency. Remember that meme coins are quite volatile compared to other digital currencies. Trading or investing in cryptocurrency is fraught with danger. Meme coins are heavily community-driven and may fall abruptly, so never invest money you can't afford to lose.
Some believe that 2021 will be the year of ‘dogs’ for cryptocurrency. Dogecoin (DOGE) and Shiba Inu (SHIB), the canine combo, lead the meme currency pack in terms of price and market value. DOGE has increased almost 8,000 percent since the beginning of the year and is ranked #9 by market value on CoinMarketCap as of November 2021. SHIB, its opponent, has pumped more than 60,000,000% since January.
Things move quickly in the meme coin world, as they do in most internet jokes because nobody cares about anything they read on social media for more than a few minutes. This means that coins must be generated quickly in order to be classified as a meme currency rather than simply another random coin. In this article, we will discuss Meme tokens, their good side, bad side and their future.
Dogecoin is the first meme coin, having been developed in 2013 as a joke based on a meme. It gained popularity once Elon Musk began tweeting about it, and regular investors began purchasing it in droves.
Developers have launched a spate of joke currencies after Dogecoin since anybody can build a new cryptocurrency. Many of these currencies are Dogecoin spinoffs, such as Shiba Inu, but there are dozens of additional meme coins to choose from.
Dogecoin Overview
Dogecoin is crypto, similar to Bitcoin and Ethereum, but it is not the same as either of these prominent coins. Dogecoin was named after a once-popular meme and was founded, at least in part, as a lighthearted joke for
Meggie Nahatakyan
cryptocurrency aficionados. Despite its strange genesis story, Dogecoin has skyrocketed in popularity in 2021, becoming the sixth-largest cryptocurrency by market valuation as of writing.
Billy Marcus and Jackson Palmer, two software programmers, invented Dogecoin in late 2013. Palmer created the cryptocurrency's logo by mistyping the term 'doge' to represent a Shiba Inu dog, a popular joke at the time.
Shiba Inu Overview
Shiba Inu is an Ethereum-based altcoin (an alternative cryptocurrency to Bitcoin) using the Shiba Inu, a Japanese breed of hunting dog, as its symbol. Shiba Inu is widely regarded as a viable alternative to Dogecoin; in fact, Shiba Inu supporters refer to it as 'the Dogecoin killer'.
Shiba Inu and Dogecoin are meme coins, which are cryptocurrencies connected with a theme, in the instance of Shiba Inu and Dogecoin, the Shiba Inu dog, but they are more often made as a prank or an inside joke than as a legitimate digital product. While Dogecoin was established in December 2013, Ryoshi, an unidentified individual or group, invented Shiba Inu in August 2020.
Cryptocurrency vs Meme Coins
Meme coins are a sort of cryptocurrency, however, there is one significant distinction between cryptocurrencies and meme coins, and that difference is mostly the aim.
Bitcoin and Ethereum, two major cryptocurrencies, were created to answer real-world issues. The ultimate objective is for it to be widely accepted by merchants, resulting in the creation of a new kind of decentralized currency that will revolutionize a range of sectors.
On the other hand, meme coins currently serve no real-world use, and the majority of them were established for profit. Many investors sell quickly once their prices rise in order to earn a rapid profit because meme coins now have no practical utility.
Meme Coins Good Sides
When Dogecoin originally appeared in 2013, it was thought to be a prank. No one imagined this coin could be anything other than a meme, even in their wildest imaginations. Doge is now worth $100,000 if you purchased it for $1,000 last year. Consider those who bought Dogecoin in 2013 because they thought it was a joke (or simply for fun).
If you put more than $1,000 into it, you'll get a better return. Doge has proven to be one of the most profitable cryptocurrencies in history, and it is still bringing money to individuals. This is not a coincidence. Nowadays, investors are pouring money into Meme currencies, with Shiba Inu being the most recent example, reaching an all-time high in November 2021.
Meme Coins Bad Ugly Sides
Meme coins may have experienced exponential growth in 2021, but trading and investing in meme coins, like other cryptocurrencies, entails significant financial risk.
As the meme coin market grows, you should be cautious that certain projects may try to take advantage of the enthusiasm to defraud traders. For example, in only one week, Squid Game (SQUID), a meme currency based on the famous Netflix program of the same name, increased by almost 86,000%. However, the development team immediately pulled the rug out from under them, causing the price to collapse by 99%. Worse, holders have been barred from selling their SQUID tokens.
Meme Coin Future
It might be difficult to predict if a meme coin will be bullish or bearish. Meme currencies often lack a market value and a high circulating quantity, making them very inexpensive and easy to get. Because meme currencies are frequently inexpensive and easy to obtain, there are several other aspects to consider while predicting the future of any meme currency.
The growing popularity of meme tokens and dogecoins is being fueled in part by social media. Elon Musk is one of the market factors that has frequently been indirectly impacting the price fluctuations of DOGE and Floki Inu (FLOKI) via erratic Twitter updates.
Such an attitude might be immensely destructive to cryptocurrencies in the long term. This might reverse the industry's overall trajectory toward pushing the financial world towards an even more gloomy future.
Nonetheless, new meme tokens and dog coins join the market on a daily basis, and regular investors tend to purchase them with the aim of replicating the profits made by DODGE and SHIB in the past. In fact, the excitement around dogecoins has developed to the point that it is apparently driving demand for genuine dogs.
Are They Worth the Investment?
Even the most experienced investors face ups and downs while investing in meme coins. However, by finding out and implementing the proper knowledge, one may limit the dangers while maximizing profits. There are thousands of meme currencies to choose from, and the vast majority of them are fraud schemes. As a result, in order to compete in this market, you must be at your best.
The reality is that diamonds may be found amid stones; you simply have to know where to look and how to look. These particular meme coins have the potential to create 1000 for early investors.
Before investing in any meme currency, spend some time researching the token's community to learn about the creators' priorities. Do they have a long-term plan for community building and long-term growth? Are they more interested in raising the price and pressuring consumers to buy? The former is a positive thing, whilst the latter is a warning sign. Additionally, it would be helpful if you could find out whether the initiative has a whitepaper outlining its true goal and objective.
Final Thoughts
With new meme currencies hitting the market every day and traders seeking to emulate DOGE and SHIB's earnings, it is crucial to DYOR before investing in any meme currency. Remember that meme coins are quite volatile compared to other digital currencies. Trading or investing in cryptocurrency is fraught with danger. Meme coins are heavily community-driven and may fall abruptly, so never invest money you can't afford to lose.
3rd Largest Bitcoin Miner on Wall Street Acquires Crypto Competitor for $93 Million
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Sherwan Zeybo | FXGT | Executive Interviews
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In this video, Sherwan Zeybo, Head of Business Development at @fxgtofficial , discusses the growth and development of the CFD broker since its inception in 2019. Starting with a small team, FXGT has expanded to over 280 employees and obtained multiple licenses across various jurisdictions. Sher highlights the broker's commitment to providing security, transparency, and a comprehensive trading environment for clients. Sherwan also mentions upcoming developments, including a new trading app and a web trading platform, as well as a copy trading and social trading platform.
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In our discussion with Rhonda K. Müller, CEO of Muinmos, during iFX EXPO International, she covered regulatory changes impacting the trading industry, particularly focusing on new frameworks like MICA and Dora. She highlights the positive effects of regulation, such as increased order and transparency, and predicts that these changes will ignite more competition in the crypto market. Rhonda also touches on the rising trend of prop trading and anticipates future regulations in this area to ensure legitimacy. Finally, she shares Mooz's commitment to digitization and connectivity, aiming to provide comprehensive solutions from investor protection to risk profiling.
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In our discussion with Rhonda K. Müller, CEO of Muinmos, during iFX EXPO International, she covered regulatory changes impacting the trading industry, particularly focusing on new frameworks like MICA and Dora. She highlights the positive effects of regulation, such as increased order and transparency, and predicts that these changes will ignite more competition in the crypto market. Rhonda also touches on the rising trend of prop trading and anticipates future regulations in this area to ensure legitimacy. Finally, she shares Mooz's commitment to digitization and connectivity, aiming to provide comprehensive solutions from investor protection to risk profiling.
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In our discussion with Rhonda K. Müller, CEO of Muinmos, during iFX EXPO International, she covered regulatory changes impacting the trading industry, particularly focusing on new frameworks like MICA and Dora. She highlights the positive effects of regulation, such as increased order and transparency, and predicts that these changes will ignite more competition in the crypto market. Rhonda also touches on the rising trend of prop trading and anticipates future regulations in this area to ensure legitimacy. Finally, she shares Mooz's commitment to digitization and connectivity, aiming to provide comprehensive solutions from investor protection to risk profiling.
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In our discussion with Rhonda K. Müller, CEO of Muinmos, during iFX EXPO International, she covered regulatory changes impacting the trading industry, particularly focusing on new frameworks like MICA and Dora. She highlights the positive effects of regulation, such as increased order and transparency, and predicts that these changes will ignite more competition in the crypto market. Rhonda also touches on the rising trend of prop trading and anticipates future regulations in this area to ensure legitimacy. Finally, she shares Mooz's commitment to digitization and connectivity, aiming to provide comprehensive solutions from investor protection to risk profiling.
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In our discussion with Rhonda K. Müller, CEO of Muinmos, during iFX EXPO International, she covered regulatory changes impacting the trading industry, particularly focusing on new frameworks like MICA and Dora. She highlights the positive effects of regulation, such as increased order and transparency, and predicts that these changes will ignite more competition in the crypto market. Rhonda also touches on the rising trend of prop trading and anticipates future regulations in this area to ensure legitimacy. Finally, she shares Mooz's commitment to digitization and connectivity, aiming to provide comprehensive solutions from investor protection to risk profiling.
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Tom Higgins | Gold-i
Tom Higgins | Gold-i
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In this interview, Tom Higgins, CEO of Gold-i, discusses the convergence of crypto and FX liquidity. He explains the challenges of accessing crypto liquidity and how different execution methods, such as iceberg orders, help manage large transactions. Tom addresses the impact of AI in trading, emphasizing its use in sentiment analysis and trading pattern recognition. He also talks about the significance of Bitcoin ETFs in boosting institutional confidence in crypto markets. Lastly, Tom outlines the growth and future plans for Gold-i, focusing on enhancing their Matrix Net technology and expanding their role in crypto liquidity aggregation.
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In this interview, Tom Higgins, CEO of Gold-i, discusses the convergence of crypto and FX liquidity. He explains the challenges of accessing crypto liquidity and how different execution methods, such as iceberg orders, help manage large transactions. Tom addresses the impact of AI in trading, emphasizing its use in sentiment analysis and trading pattern recognition. He also talks about the significance of Bitcoin ETFs in boosting institutional confidence in crypto markets. Lastly, Tom outlines the growth and future plans for Gold-i, focusing on enhancing their Matrix Net technology and expanding their role in crypto liquidity aggregation.
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In this interview, Tom Higgins, CEO of Gold-i, discusses the convergence of crypto and FX liquidity. He explains the challenges of accessing crypto liquidity and how different execution methods, such as iceberg orders, help manage large transactions. Tom addresses the impact of AI in trading, emphasizing its use in sentiment analysis and trading pattern recognition. He also talks about the significance of Bitcoin ETFs in boosting institutional confidence in crypto markets. Lastly, Tom outlines the growth and future plans for Gold-i, focusing on enhancing their Matrix Net technology and expanding their role in crypto liquidity aggregation.
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In this interview, Tom Higgins, CEO of Gold-i, discusses the convergence of crypto and FX liquidity. He explains the challenges of accessing crypto liquidity and how different execution methods, such as iceberg orders, help manage large transactions. Tom addresses the impact of AI in trading, emphasizing its use in sentiment analysis and trading pattern recognition. He also talks about the significance of Bitcoin ETFs in boosting institutional confidence in crypto markets. Lastly, Tom outlines the growth and future plans for Gold-i, focusing on enhancing their Matrix Net technology and expanding their role in crypto liquidity aggregation.
#financemagnates #CryptoLiquidity #FXLiquidity #AIinTrading #BitcoinETF #TradingTechnology
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In this interview, Tom Higgins, CEO of Gold-i, discusses the convergence of crypto and FX liquidity. He explains the challenges of accessing crypto liquidity and how different execution methods, such as iceberg orders, help manage large transactions. Tom addresses the impact of AI in trading, emphasizing its use in sentiment analysis and trading pattern recognition. He also talks about the significance of Bitcoin ETFs in boosting institutional confidence in crypto markets. Lastly, Tom outlines the growth and future plans for Gold-i, focusing on enhancing their Matrix Net technology and expanding their role in crypto liquidity aggregation.
#financemagnates #CryptoLiquidity #FXLiquidity #AIinTrading #BitcoinETF #TradingTechnology
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In this interview, Tom Higgins, CEO of Gold-i, discusses the convergence of crypto and FX liquidity. He explains the challenges of accessing crypto liquidity and how different execution methods, such as iceberg orders, help manage large transactions. Tom addresses the impact of AI in trading, emphasizing its use in sentiment analysis and trading pattern recognition. He also talks about the significance of Bitcoin ETFs in boosting institutional confidence in crypto markets. Lastly, Tom outlines the growth and future plans for Gold-i, focusing on enhancing their Matrix Net technology and expanding their role in crypto liquidity aggregation.
#financemagnates #CryptoLiquidity #FXLiquidity #AIinTrading #BitcoinETF #TradingTechnology
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Throwback to FMLS:23 | FMvoices
Throwback to FMLS:23 | FMvoices
Throwback to FMLS:23 | FMvoices
Throwback to FMLS:23 | FMvoices
Throwback to FMLS:23 | FMvoices
Throwback to FMLS:23 | FMvoices
FMvoices are here to confirm all the great things you've heard about our events ✨ At the same time, it's a throwback to our very successful FMLS:23 and we want to give out a special thank you to everyone who took the time to talk to us during the busy hours of the expo!
Ugnė B., payabl.
Joe Pelley, ActivTrades
William Thomas, BVNK
Got FOMO? Register now and secure your spot to the most premium financial event of London 🔗 https://events.financemagnates.com/EmKzD?utm_source=linkedin&utm_campaign=FMvoices-FMLS23&utm_medium=video&RefId=FMvoices+FMLS23
#fmls24 #fmls24 #fmls #fmevents #London #networking #financesummit
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FMvoices are here to confirm all the great things you've heard about our events ✨ At the same time, it's a throwback to our very successful FMLS:23 and we want to give out a special thank you to everyone who took the time to talk to us during the busy hours of the expo!
Ugnė B., payabl.
Joe Pelley, ActivTrades
William Thomas, BVNK
Got FOMO? Register now and secure your spot to the most premium financial event of London 🔗 https://events.financemagnates.com/EmKzD?utm_source=linkedin&utm_campaign=FMvoices-FMLS23&utm_medium=video&RefId=FMvoices+FMLS23
#fmls24 #fmls24 #fmls #fmevents #London #networking #financesummit
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Don't miss out on our latest videos, interviews, and event coverage.
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FMvoices are here to confirm all the great things you've heard about our events ✨ At the same time, it's a throwback to our very successful FMLS:23 and we want to give out a special thank you to everyone who took the time to talk to us during the busy hours of the expo!
Ugnė B., payabl.
Joe Pelley, ActivTrades
William Thomas, BVNK
Got FOMO? Register now and secure your spot to the most premium financial event of London 🔗 https://events.financemagnates.com/EmKzD?utm_source=linkedin&utm_campaign=FMvoices-FMLS23&utm_medium=video&RefId=FMvoices+FMLS23
#fmls24 #fmls24 #fmls #fmevents #London #networking #financesummit
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Don't miss out on our latest videos, interviews, and event coverage.
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FMvoices are here to confirm all the great things you've heard about our events ✨ At the same time, it's a throwback to our very successful FMLS:23 and we want to give out a special thank you to everyone who took the time to talk to us during the busy hours of the expo!
Ugnė B., payabl.
Joe Pelley, ActivTrades
William Thomas, BVNK
Got FOMO? Register now and secure your spot to the most premium financial event of London 🔗 https://events.financemagnates.com/EmKzD?utm_source=linkedin&utm_campaign=FMvoices-FMLS23&utm_medium=video&RefId=FMvoices+FMLS23
#fmls24 #fmls24 #fmls #fmevents #London #networking #financesummit
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
FMvoices are here to confirm all the great things you've heard about our events ✨ At the same time, it's a throwback to our very successful FMLS:23 and we want to give out a special thank you to everyone who took the time to talk to us during the busy hours of the expo!
Ugnė B., payabl.
Joe Pelley, ActivTrades
William Thomas, BVNK
Got FOMO? Register now and secure your spot to the most premium financial event of London 🔗 https://events.financemagnates.com/EmKzD?utm_source=linkedin&utm_campaign=FMvoices-FMLS23&utm_medium=video&RefId=FMvoices+FMLS23
#fmls24 #fmls24 #fmls #fmevents #London #networking #financesummit
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
FMvoices are here to confirm all the great things you've heard about our events ✨ At the same time, it's a throwback to our very successful FMLS:23 and we want to give out a special thank you to everyone who took the time to talk to us during the busy hours of the expo!
Ugnė B., payabl.
Joe Pelley, ActivTrades
William Thomas, BVNK
Got FOMO? Register now and secure your spot to the most premium financial event of London 🔗 https://events.financemagnates.com/EmKzD?utm_source=linkedin&utm_campaign=FMvoices-FMLS23&utm_medium=video&RefId=FMvoices+FMLS23
#fmls24 #fmls24 #fmls #fmevents #London #networking #financesummit
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage.
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FMvoices are here to confirm all the great things you've heard about our events ✨ #fmevents #fmls24
FMvoices are here to confirm all the great things you've heard about our events ✨ #fmevents #fmls24
FMvoices are here to confirm all the great things you've heard about our events ✨ #fmevents #fmls24
FMvoices are here to confirm all the great things you've heard about our events ✨ #fmevents #fmls24
FMvoices are here to confirm all the great things you've heard about our events ✨ #fmevents #fmls24
FMvoices are here to confirm all the great things you've heard about our events ✨ #fmevents #fmls24