Meme Coins Explain
What Is a Meme Coin?
A meme coin is a cryptocurrency that has been named after people, animals, characters, works of art, or anything else in an effort to be lighthearted and funny in order to draw users by promising a fun community.
Key Takeaways
Meme coins are a kind of cryptocurrency that draw people in with comedy and the promise of an enjoyable community.
Tokens and coins based on blockchain, such Dogecoin and Shiba Inu, are examples of meme coins.
Meme coins can be rewarding investments but are as volatile as other cryptocurrencies and may have less liquidity than more popular coins.
Those that are interested in the meme or the user community may find meme coins more beneficial.
Understanding Meme Coins
A popular kind of cryptocurrency called meme coins is touted for having a vibrant online community that backs the expansion and advancement of the currency. On occasion, memes featuring animated characters or animals are used to identify them.
Blockchains are used to create meme coins, just like they are for other cryptocurrencies. The actual tokens are hexadecimal integers that are kept on a blockchain along with private keys that are linked to them to prove possession. To draw in users, funny logo-emblazoned coins are displayed.
Examples of Meme Coins
The top 10 meme coins
Dogecoin (DOGE): Market cap $14.42 billion, price $0.09854
Shiba Inu (SHIB): Market cap $7.97 billion, price $0.000135
Pepe (PEPE): Market cap $3.16 billion, price $0.000007494
Dogwifhat (WIF): Market cap $1.48 billion, price $1.48
Bonk (BONK): Market cap $1.19 billion, price $0.00001709
Floki (FLOKI): Market cap $1.17 billion, price $0.0001223
Brett (BRETT): Market cap $747.13 million, price $0.07486
Dogs (DOGS): Market cap $627.97 million, price $0.001206
Popcat (POPCAT): Market cap $565.59 million, price $0.566
Book of Meme (BOME): Market cap $412.09 million, price $0.005952
Which Meme Coin Is Best?
By design, meme coins serve only as objects of existence. There are simply meme coin speculators and fan favorites—there is no “best” meme coin.
Is Meme coin a Good Investment?
Memecoin is the name of a meme coin. “Memecoin (MEME) is literally a meme coin,” according to its website. Not useful. Not a roadmap. Not a guarantee. No anticipation of monetary gain. Simply put, memes.” Unless you have a strong interest in memes and community involvement, meme coins—including Memecoin—are generally not wise investments.
Disclaimer: A high-risk asset class is cryptocurrency. This article is not financial advice; rather, it is provided for informational reasons only. Your entire investment could be lost.
