Better Meme Trade: Beyond Meat vs. Dogecoin
In recent years, meme stocks and meme coins have become an common feature of the public markets. This is largely due to the rise of retail traders and social media. Using forums on Reddit, retail traders can better communicate and coordinate trading around stocks that they believe are short squeeze candidates or simply ones they like and think can go viral.
Dogecoin (CRYPTO: DOGE) is a cryptocurrency that is considered the original meme coin, and now has become an established part of the crypto landscape. Beyond Meat (NASDAQ: BYND) is a newcomer to the meme game and has recently seen its stock make some wild moves. Which is the better meme trade?
Image source: Beyond Meat.
Source Fool.com
