Meme Coin is a cryptocurrency that borrows ideas from funny images on the Internet and often Meme Coin is always associated with famous KOLs. In recent times, Meme Coin has been rising strongly with two typical names, DOGE (Doge Coin) and SHIB (Shiba Inu). In this article, let's go with
Finnews24 to find out the main contents as follows:
- What is meme coin?
Why are coin memes so popular?
Top 5 Meme Coins by capitalization
Should I invest meme coin or not?
Stay tuned for more!
What is Meme Coin?Meme coins are coins that are inspired by popular photos online and events that happen in real life, most of which are made up of by being widely introduced by kols. This cryptocurrency has appeared and attracted a lot of attention from the whole society, especially not so long ago.
Normally, a meme coin is inherently worthless and usually doesn't come with amenities. As their name suggests, coin meme often relies on themes surrounding common humorous and entertaining images. These are jokes and photos shared on social media tools. According to information from coinmarketcap, there are more than 80 coin and token memes ranked on this website.
First dogecoin was born with pre-existing doge memes, derived from the image of a shibu inu dog. This coin operates on a private blockchain and on that basis is identifiable with other meme tokens. In addition, thanks to the influence of the boss tesla, the doge has rapidly exploded and even participated in creating the rise of the meme business sector.
This has mostly accompanied the rise of two of the more popular meme coins, shibu inu (shib) – an erc-20 token built on Ethereum, and Safemoon (safemoon) working on the binance smart chain. . Not to mention there are many other coin memes in the business area.
Why is the coin meme so popular?Coin memes are becoming more and more popular with the cryptocurrencies community because they are often associated with popular kols on five continents and prominent events. In addition, these coins often tend to move with the trend, the details are what happens on social media tools. Since elon musk initially shill dogecoin (Doge ), the coin has grown like a 'windy kite' with two of the most familiar ones being shibu inu and safemoon.
Famous kols around the world seem to have a never-ending impact in the crypto industry and this has been especially true recently. When elon musk used his identity to promote the meme coin he liked was dogecoin. This not only created a strong fomo trend but also brought many favorable opportunities for us to get close to the coin meme.
Even the boss of tesla said that if there was a scandal about him, it should be called elongate. Since then the elongate token has been out for about an hour. In those moments, the question arises as to whether this is really a motive for his own gain. Likely to be right or wrong, however until now, the issuers claim to have donated more than 3 million USD in profit from the price increase of this token to charity.
In the second half of the decade of 2021, the ceo of the social network – mark zuckerberg posted an image of his pet goats. In the immediate aftermath, the price of aqua goat has increased by about 300% in the hours since Mark's post surfaced on the internet.
While some people claim it's crazy to spend money on meme coins, other members consider it a worthy investment with the possibility of 1000% return on small sums of money. Whoever is right, in fact, the popularity of the coin meme has increased significantly in recent months.
Meme tokens tend to be listed on more exchanges. As the best coin meme, dogecoin is available on many crypto exchanges including coinbase, binance, huobi, kraken, bittrex, poloniex…. Near doge edge, shiba inu has been traded at Binance, crypto . Com, ftx, kucoin, okex, gate. Io and non-investment exchanges (dex) like uniswap. Not only that, safemoon works on the binance smart chain system, which can be bought and sold at binance and on dexs like pancakeswap.
