What is a Meme coin?

Memes coin are coins that are inspired by popular images on the Internet and events that, in fact, primarily emerge from being promoted by influencers. This cryptocurrency has come into being and has attracted a great deal of public interest, especially in recent times.

Memes coins often rely on themes around funny, entertaining popular images, and they can be jokes and pictures shared on social media. According to data from CoinMarketCap, there are more than 80 ranked memes, coins, and tokens on this site.

Potential of Meme Coin

Investment potential

Meme Coin is one of the community’s most famous “commodities, especially the less capitalized. This is because this copper has a growth of several dozen to several hundred percent in the short term, usually several days. So we can get in less capital to raise the money quickly.

But in return, what comes quickly comes with significant risk. These projects can be good x2 x3 in a few days, also will divide two divided by 3 in the same time. So it is tough to make a safe profit when playing Meme Coin. However, you can still “survive” if you don’t participate and know the standard time.

Potential for Crypto

Coin Meme is Crypto’s “specialty” that no market has. Because creating a token, only takes a few minutes. Meanwhile, in the stock market or real estate is challenging to develop assets quickly.

In addition to creating a sense of venture capital, Meme Coin also delights people with its iconic character. These coins can bring new money into the market, making Crypto even more sustainable.

A good example is that many people invest in Crypto just because Dogecoin is not BTC, or Elon Musk publicly supports Dogecoin to pay, not any other asset… While some people think investing in meme coins is crazy, others consider it a form of investment worthy of the potential 1000% return through small sums of money. Regardless of who is right, interest in meme coins has increased significantly in recent months.

Meme tokens tend to be listed on more exchanges. As the leading coin meme, Dogecoin appears on many cryptocurrency exchanges, including Coinbase, Binance, Huobi, Kraken, Bittrex, and Poloniex…. Besides DOGE, Shiba Inu is also traded at Binance, Crypto.com, FTX, KuCoin, OkEx, Gate.io and decentralized exchanges (DEX) such as Uniswap.

Top 3 Meme coin

1. Dogecoin (Doge)

Dogecoin was invented by developers Jackson Palmer and Billy Markus in 2013. This kind of meme coin started as a joke but later became a challenging proposition since Elon Musk began to shill it on his Twitter.

Doge reached a market capitalization of $9 billion at its peak in January 2021, reaching the top 5 in the capitalization rankings. That number has risen rapidly to over $34.1 billion, helping Dogecoin rank 9th in CoinGecko’s orders and the most prominent coin meme.

2.Shiba Inu Coin (SHIB)

Shiba Inu was launched in April 2021 as an “experiment in building decentralized autonomous communities” and quickly increased in value by more than 2,000,000% before reaching its first Sonova in early May 2021. This Memcoin has benefited from the previous Dogecoin boom.

SHIB has a total supply of one million billion and allows users to hold billions or even trillions of tokens.

3. Dogelon Mars (ELON)

Dogelon Mars is a cryptocurrency and operates on the Ethereum platform. This is the 3rd largest meme coin, with more than $430 million in total market capitalization.

In recent times, ELON has seen a lot of sharp fluctuations, and the price of this token has been declining.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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