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If you are a cryptocurrency investor, it is more than likely that your portfolio has been bleeding for the last few days. However, one crypto that has consistently managed its peers is KarenCoin (KAREN), rising by 44% in the last 24 hours despite widespread losses for most major cryptocurrencies and altcoins.

So, should you buy KarenCoin right now? This article aims to answer this question by providing all of the key information you need to know about the project, including what it is, how it works, what its investment prospects are and what the current market sentiment is regarding the coin.

To get things started, our team of analysts have listed the best places to buy KarenCoin in the UK and elsewhere below. Scroll down to get involved.

If you are asking yourself ‘where can I buy KAREN coin,’ we can point you in the right direction: a reliable, low-fee cryptocurrency broker.

While some investors buy cryptocurrency through decentralised exchanges (DEXs), we feel that crypto brokers offer the best blend of reliable service with a diverse selection of assets. The two best platforms to buy KarenCoin are outlined below:

eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.

Register with eToro instantly

Safemoon Trader is a trading software offering users a wide range of cryptocurrency coins including SAFEMOON, DOGE and Bitcoin.

Register with Safemoon Trader instantly

If even now you know where to buy KarenCoin you are still a little confused about the process, check out our ‘how to invest in cryptocurrency’ beginners’ guide.

“Can I speak to the manager?”

KAREN coin is a cryptocurrency named after the famous ‘Karen’ meme. If you aren’t familiar with what this is, it is a middle-aged woman who is self-righteous and entitled and behaves in a rude manner towards staff when she takes a dislikes to something. When the employee fails to placate her sizzling ego, she demands to “speak to the manager” in an attempt to seek preferential treatment.

The long-term aim of the KarenCoin project is to build a community-driven NFT exchange that will use Karen Coin as its native cryptocurrency.

We have already seen memes capture the imagination of cryptocurrency investors – most notably with Dogecoin – and the same could be possible for KAREN coin.

In terms of the tokenomics, there is an 8% tax on all transactions over the network, 4% of which goes to shareholders and 4% into the locked-off liquidity pool.

If you want to invest in a cryptocurrency with the potential for exponential growth, and you don’t have an issue with exposing yourself to heightened risks, KAREN could be the lady for you.

However, make sure you recognise that most of KAREN coin’s price behaviour is driven by sentiment rather than fundamental value. This enhances volatility and makes things more predictable. In order to successfully invest in KarenCoin, you need to be able to read market sentiment and technical indicators better than other people.

Our KAREN coin price prediction is currently incalculable. This is because projecting the value of early-stage altcoin projects is too difficult given the lack of fundamental data. In addition, the swathe of variables and unknowns makes any KarenCoin price target unreliable.

However, in the short term, thanks to buoyant market sentiment, we expect the coin to rise in value.

Missed $KAREN @karencointoken #KarenCoin #Karen on this list. Top 10 CMC earlier today, back on the rise right now. pic.twitter.com/bVuABCtSCB

It has begun! CMC top 10 gainers and we’re just getting started!!! #KarenCoin #karenarmy #coinof2021 @imkarenmusk @elonmusk @karencointoken #Cryptocurency pic.twitter.com/yn3JtYb5go

$KAREN and $PAWG are now probably the best buys ever.

Both have

1. Tiny $10M market cap
2. Bitmart/Whitebit listings
3. Huge influencers
4. $PAWG OnlyFans competitor on the blockchain launch & CMC listing

lined up for next week around their launches. Very easy 100%-200% here!

Congratulations Karen Coin on reaching another milestone. The Karen Army is now 7,000+ members strong! Major exchange listing confirmed. Prices will never be this cheap again! Buy now! #karencoin #crypto #cryptotrading #bsc #cryptocurrency #memecoin #karenarmy pic.twitter.com/hC5rGbyNC0

Check out our news section for the latest on KAREN coin and related cryptocurrencies.

The post KarenCoin is up 46%: here’s what it is and where to buy it appeared first on Invezz.

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