From Meme Coins to BlockDAG: The Journey of Two NYU Students in the Cryptocurrency Market

Ethan and Maya, two students at New York University, began exploring the cryptocurrency market in early 2023. Their initial venture involved an investment of $2,000 each in Pepe (PEPE) and subsequently another $2,000 in Book of Meme (BOME), both of which are meme coins.

Two New York University students, Ethan and Maya, began exploring the cryptocurrency market in early 2023. Their first venture involved an investment of $2,000 each in Pepe (PEPE), a meme coin, and another $2,000 in Book of Meme (BOME), also a meme coin. They were seeking quick financial wins and rode the waves of these tokens before shifting their focus to BlockDAG (BDAG), a cryptocurrency they found promising for long-term growth.

The duo started their crypto journey with PEPE in April 2023, each investing $2,000 at a time when the price of PEPE was around $0.0000012. Their timing proved advantageous as the token’s value quickly soared over 300%, fueled by the meme coin frenzy. Within a week, their investment had grown to about $6,000 each.

However, meme coins like PEPE are known for their instability. By June, their investments had declined to $3,500 each, still marking a return on investment (ROI) of 75%. They held onto their PEPE assets, considering them as potential future gains if the meme coin trend resurfaced. But the unpredictable nature of their assets led them to explore more stable options.

Prompted by their initial success with PEPE, Ethan and Maya decided to invest in another meme coin, BOME, in 2024. They each invested an additional $2,000 in BOME, a cryptocurrency that aims to build a decentralized collection of internet culture. They purchased the token at $0.0078 per coin, anticipating a similar ride to the one they had experienced with PEPE.

Their hopes were realized when BOME peaked at $0.02689 in March 2024, turning their $2,000 into approximately $6,900 each, a 245% ROI. But as the year progressed, the value of BOME dropped to around $0.0094 by November 2024, leaving them with a modest 20.5% ROI. This experience highlighted the limitations of meme-based assets and prompted them to consider a more reliable investment path.

Having dealt with the ups and downs of PEPE and BOME, Ethan and Maya reassessed their strategy and decided to shift their focus to a cryptocurrency with technological backing and potential for steady growth. They conducted their research and found BlockDAG, a project that merges blockchain technology with Directed Acyclic Graph (DAG) technology, and at the time, was priced at $0.0234 — an entry point they found compelling.

BlockDAG appealed to them because of its innovative transaction model and potential to scale blockchain capabilities. Its roots lay in substantial technology rather than mere hype, which made BlockDAG seem poised for longer-term success. They were also heartened by BlockDAG’s fundraising achievements, which had seen the project amass over $123.5 million, demonstrating robust interest from the community.

After evaluating their options, Ethan and Maya liquidated some of their PEPE and BOME holdings to put $3,000 each in BDAG. At the current price of $0.0234, they acquired around 136,364 coins each, which they considered a strategic addition to their portfolios for hoped-for stable growth.

They were excited about BlockDAG’s upcoming milestones, including the completion of the mainnet and the subsequent test phases. The project’s focus on usability and the Ethereum Virtual Machine (EVM) compatibility suggested promising utility and demand within the BDAG ecosystem.

Their journey from speculative meme coins to the more grounded BlockDAG reflected a shift towards thoughtful, long-term planning in crypto. Their experience with PEPE and BOME delivered some financial gains but also highlighted the risks associated with high-volatility assets. BlockDAG’s solid technological foundation and community support presented a new pathway for their crypto engagements — one that favored long-term stability over fleeting hype.

As they continued to hold some PEPE and BOME, Ethan and Maya remained hopeful that their assets in BlockDAG would yield the steady growth they were seeking. For these NYU students, embracing BlockDAG marked a pivotal turn towards a more secure and thoughtful approach in the cryptocurrency landscape.