MemeCoin Market Analysis

[RyanHuang]

I. What is a “Meme”?
“Memes are the cultural counterpart of genes”, which is spread through mass replication, and can be an idea, a picture, an emoji, a piece of text, a punch-line, a joke, etc.

II. What is a “MemeCoin”?
It is a cryptoasset based on a “Meme”. For example, Dogecoin is a cryptoasset based on the love towards the internet celebrity, the Japanese Shiba Inu, and later favored by Shiba Inus worldwide. MemeCoin is actually a combination of the attention economy and crypto-economy.

III. Which “MemeCoin” to Invest in?
Currently, the marketing value of MemeCoin has reached US$50.54 billion, accounting for 2.55% of the total market value of cryptoassets. Its 24-hour trading volume is US$22.06 billion, which is up 403.26% in the last seven days.

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[blockman]

Now, meme coins are the ones that's being targeted by project makers. After the huge success of Dogecoin and let's say Shiba Inu too.
The new projects are no longer pushing themselves very hard to compete with the best coins in the market but they're wanna be the same as Dogecoin because they seem to find it easier than being a good project that's being bought by many.