Connect with us

Memecoins

Are Memecoins good for the crypto industry?

TokenTalk Staff

Published

on

Are Memecoins good for the crypto industry?

The crypto market has headed into bullish territory again this spring, which means everyone is looking for investments in decentralized tokens. Bitcoin’s April halving event is poised to propel the OG cryptocurrency’s value into the stratosphere, according to some estimates reaching up to $400,000but on the other end of the spectrum, a series of memecoins are making cryptocurrency purchases more accessible.

In recent years, the adoption of cryptocurrencies has increased significantly, despite the devastating crypto winter of 2022. While the focus has traditionally been on major tokens, consumers play both. Online Bitcoin Games With industries integrating smart contracts based on Ethereum, all eyes are now on the resurgence of memecoins. Thanks to continued developments in the Solana blockchain and the emergence of memecoin generators like Pump.com, these novelty tokens are back with a vengeance.

Memecoins explained

Memecoins indeed constitute a unique segment within the broader cryptocurrency ecosystem. They may be recognized as digital assets, but their value derives more from the cultural phenomenon of Internet memes than from any technological utility or innovation. As their name suggests, this group of crypto tokens originated in the landscape of social media, online forums, and Discord servers and perfectly encapsulates the irreverence of these online communities.

The first coin to start the trend was the infamous Dogecoin (DOGE), launched in December 2013. What started as a joke – the token was based on the online Shiba Inu meme “Doge” – quickly became a project with strong traction and Soon, Dogecoin reached a significant market capitalization. Like all pioneers of the trend, it has also attracted several imitators, such as 2021’s Shiba Inu (SHIB), as well as spin-offs like Dogelon Mars (ELON) and Dogecoin Cash (DOGC).

While other crypto tokens have underlying utility or actively contribute to the continued development of decentralized technologies, memecoins have been widely used as speculative trading coins. Highly volatile, with prices determined more by online buzz than their intrinsic value, nevertheless, both seasoned traders and complete novices contributed to their substantial trading volumes.

Good for cryptography..

Opinions on the validity of memecoins are divided within crypto markets, with some experts firmly in the “for” camp, while others view them as worthless speculative tokens. MEX co-founder Arthur Hayes, for example, believes that these novelty coins actually contribute to the overall ecosystem in positive and substantial ways, especially in relation to the blockchain networks they are launched on.

In an interview with Real Vision, Hayes argued for the role memecoins play in increasing the value of chains that support this seemingly frivolous culture. Just look at the adoption of the Solana network and the growing value of its native token SOL to see the very real impact of November 2023. “memecoin frenzy”. Even Bitcoin saw an increase in network and development activity after the launch of novelty tokens BRC-20 and Ordinals.

It’s a sentiment shared by Andreas Brekken, founder of direct-to-wallet trading platform SideShift. He believes that meme-based cryptos actively help a broader demographic of consumers engage with blockchain technology and can even serve as a “real-world testing ground” for the technology.

…Bad for investors?

However, it’s not all positive adoration from the industry. Ethereum co-founder Vitalik Buterin has signaled his disinterest in memecoins. In a March 24 blog post, he said that while he values ​​”people’s desire to have fun,” he wants developers and investors to increase the utility of meme tokens, or even use them for charitable purposes.

Additionally, major investment firm Franklin Templeton warned of the frivolous nature of the meme coin. The segment is becoming increasingly attractive to Gen Z users, particularly due to its gamified nature, but critics compare memecoin investing to someone “setting their scarce cash on fire.”

This also implies that a flood of low or even worthless tokens arriving on the market could have a negative impact on the regulation of cryptocurrencies.

Memecoins to watch in 2024

Despite the mixed reception given to memecoins by the crypto industry, they are nonetheless one of the best performing asset classes in 2024 so far. If you are firmly on the side of memecoins and have a solid understanding of their inherent risk, the following are the ones to watch out for:

  • Dogeverse – a relatively new multi-chain token that raised over $250,000 in minutes.
  • Slothana – this play based on Solana 2024 has raised over $10 million so far.
  • Dogecoin20 – with a staking APY of over 50%, is shaping up to be the next big memecoin.
  • Sponge V2 – a renewed classic with stake APYs of over 160%.
  • Smog – another new entrant making waves with its $160 million market cap
  • Poodl Inu – this dog-themed token features a staking APY of over 90%
  • Mollars – a gaming-focused ERC-20 coin
  • Lucky Boo – has an airdrop capacity of 3.24 billion tokens
  • Dogecoin – the OG meme coin is still a favorite among influential tech and crypto heads.

Fuente

We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Información básica sobre protección de datos Ver más

  • Responsable: Miguel Mamador.
  • Finalidad:  Moderar los comentarios.
  • Legitimación:  Por consentimiento del interesado.
  • Destinatarios y encargados de tratamiento:  No se ceden o comunican datos a terceros para prestar este servicio. El Titular ha contratado los servicios de alojamiento web a Banahosting que actúa como encargado de tratamiento.
  • Derechos: Acceder, rectificar y suprimir los datos.
  • Información Adicional: Puede consultar la información detallada en la Política de Privacidad.

Memecoins

“DOGE is much bigger than D-List celebrity memecoins:” MOTHER and DAD divide the community

TokenTalk Staff

Published

on

“DOGE is much bigger than D-List celebrity memecoins:” MOTHER and DAD divide the community
  • Celebrity memecoins like $MOTHER and $DADDY have faced volatility despite community support.
  • Robert Leshner of Superstate recognized the cultural impact of memecoins like Dogecoin.

Social media was lively with discussions around two notable memecoins: Mother Iggy [MOTHER] And Papa Tate [DADDY].

Despite the recent decline in their market value, in which DAD experienced a drop of 9.08% and MOTHER was down 15.54%, interest and support for these coins has not diminished among their followers.

However, many believe that celebrity memecoins have no lasting value and are simply a waste of money. Reflecting on this sentiment, user X (formerly Twitter) legend took X and wrote down,

“Stop wasting your money on memecoins. 99.9% of them will go to 0. Especially celebrities. This happens every cycle. Don’t be stupid. Invest in big pieces and let them roll.

Dogecoin, the king of memecoins?

In a recent episode of the “Unchained” podcast, Robert LeshnerCEO and co-founder of Superstate, shared a nuanced perspective contrasting with Dogecoin [DOGE] with other celebrity memecoins.

Leshner pointed out that Dogecoin uniquely established itself by mocking established cryptocurrencies like Bitcoin [BTC] And Litecoin [LTC]. It has shown surprising longevity and cultural impact in the crypto world.

He added,

“I think Dogecoin, for this reason, has a much greater importance in the societal Wikipedia of crypto than a non-unique, completely continuous c-list and d-list of celebrity coins.”

However, he continues to believe that other memecoins associated with celebrities can still generate attention and speculative interest in the market.

Ethereum vs. Solana Memes

According to a recent guide article published by CoinGeckoTHE Solana [SOL] the network has exceeded the Ethereum [ETH] network by hosting a larger number of celebrity memecoins.

However, despite the rise in popularity of Solana memecoins, a recent study by the Web3 platform — Trust recognized,

“While Solana is benefiting from a recent surge in meme coin activity, Ethereum is the original battleground for some of the most well-known and influential meme tokens. These pioneers paved the way for the meme coin phenomenon and continue to be major players.

This sentiment was further confirmed by AMBCrypto’s analysis of Santiment data, which revealed that Ethereum’s social dominance dominated Solana.

Feeling

Source: Santiment

Despite this significant rise, the current memecoin market appears to lack inherent value and is primarily driven by competition and speculative trading.

Sharing a similar line of thinking, Ethereum co-founder Vitalik Buterin better say it when he said,

“I’m quite unhappy with the ‘celebrity experimentation in this cycle’ so far. “Financialization as a means to an end”, I can respect it if the end is worth it (healthcare, open source software, art, etc.).

Following: Will Ethereum continue to see green as autonomy increases and whales sell off?

Fuente

Continue Reading

Memecoins

Boxing Sensation Ryan Garcia Teases Launch of His Own Meme Coin – News Bytes Bitcoin News

TokenTalk Staff

Published

on

Boxing Sensation Ryan Garcia Teases Launch of His Own Meme Coin – News Bytes Bitcoin News

https://news.google.com/./articles/CBMiXWh0dHBzOi8vbmV3cy5iaXRjb2luLmNvbS9ib3hpbmctc2Vuc2F0aW9uLXJ5YW4tZ2FyY2lhLXRlYXNlcy10aGUtbGF1bmNoLW9mLWhpcy1vd24tbWVtZS1j b2 luL9IBAA?hl=en-US&gl=US&ceid=US%3Aen

Fuente

Continue Reading

Memecoins

Galaxy Digital CEO thinks meme pieces have more to offer than laughs

TokenTalk Staff

Published

on

Galaxy Digital CEO thinks meme pieces have more to offer than laughs

Share this article


Follow Crypto Briefing on Google News

Meme pieces, often inspired by Internet jokes or cultural phenomena, have been dismissed by many industry experts due to their perceived lack of usefulness. However, Mike Novogratz, CEO of Galaxy Digital, believes that these meme tokens have a strong narrative that captures investors’ attention beyond simple humor.

“Meme coins – whether you’re a fan or not – have become a cornerstone of the crypto economy. In today’s market, they are one of the most powerful narratives,” Novogratz said in a recent job on X, adding that meme coins on permissionless blockchains have a combined market cap of over $60 billion.

In an accompanying video, Novogratz also outlined two potential ways to profit from coins: one is by choosing memes with humor and the second is by creating memes.

He suggests that successful investors need a “quirky sense of humor” to predict which memes will resonate with people and become successful investments.

The second way is for memecoin creators. Novogratz said meme creators could make big profits by launching their own coins.

He also spoke about his son-in-law’s success with Dogwifhat and Doge. Initially skeptical about investing in memecoins, Novogratz expressed surprise at his son-in-law’s success in simply holding memecoins, suggesting that a well-designed meme can result in financial gain.

“You know Dogwifhat, the first time you see him you laugh, now he’s worth $3 billion,” Novogratz said.

Novogratz’s bullish stance on meme coins is facing resistance from the industry. Commenting on Novogratz’s post, Charlie Silver, CEO of Permission.io, said that meme coins are “just stupid casino chips.” Silver believes that the real foundations of the crypto-economy have yet to be built.

Novogratz’s statements come amid the ongoing controversy surrounding celebrity coins. Many crypto figures have publicly shared their opinions on the movement.

Notably, Vitalik Buterin, co-founder of Ethereum critical recent celebrity coins, such as Iggy Azalea’s Mother Iggy (MOTHER). He argued that projects should prioritize societal value and user engagement over the enrichment of celebrities and early investors.

Despite skepticism from some industry leaders, meme coins like Daddy Tate (DADDY) have shown remarkable performance, rising 218% in the past 24 hours. However, analysts have recently warned of the potential risks of insider trading associated with both MOTHER And DAD.

Share this article


Follow Crypto Briefing on Google NewsFollow Crypto Briefing on Google News

The information available on or accessible through this website is obtained from independent sources believed to be accurate and reliable, but Decentral Media, Inc. makes no representations or warranties as to its timeliness, completeness or the accuracy of any information available on or accessible through this website. . Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. Information on this website is subject to change without notice. Some or all of the information contained on this website may become out of date, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any information that is out of date, incomplete or inaccurate.

Crypto Briefing can enrich articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable, actionable insights without losing the insight – and oversight – of experienced crypto natives. All AI-augmented content is carefully reviewed, including for factual accuracy, by our editors and writers, and always draws on multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on any ICO, IEO or other investment based on the information contained in this website, and you should never interpret or rely in any way on the information contained in this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for the analysis or reporting of any ICO, IEO, cryptocurrency, currency, tokenized sales, securities or materials firsts.

See complete general conditions.



Fuente

Continue Reading

Memecoins

Can These New Meme Coins 100X Your Investment? $BEER, $PLAY, $DOG, $WAI and $DAWGZ

TokenTalk Staff

Published

on

Can These New Meme Coins 100x Your Investment? $BEER, $PLAY, $DOG, $WAI, And $DAWGZ

Five new meme coins are making a splash in the crypto market, taking advantage of the current upswing where meme coins are showing strong performance.

Investors are looking for potential gems that can offer significant returns, potentially multiplying investments 100-fold. Three of these meme coins are currently on pre-sale, offering a chance to enter early, while the other two are already available for exchange.

BEERCOIN (BEER)

The price of beer has been soaring recently and has seen an impressive 67% increase in the past month. This new project represents more than just a cryptocurrency; it embodies a concept close to “liquid gold”, intended to function as a universal currency of pleasure, promoting inclusion regardless of skin color or social status.

The project has a beautifully designed website and is listed on many centralized and decentralized exchanges, providing substantial benefits and rewards to its community. These incentives include a decade’s supply of beer, a beer-filled Tesla Cybertruck gift, and an exclusive VIP trip to Oktoberfest.

With a roadmap emphasizing community engagement and top-notch website design, BEERCOIN exemplifies the essence of a meme coin poised for potential exponential growth. With over 140,000 followers on X and over a million followers on Telegram, his social media presence highlights his growing popularity.

BEERCOIN presents itself as a promising candidate for investors looking for the next potential 100x opportunity and is worth consideration for inclusion on investment watch lists.

PlayDoge (PLAY)

PlayDoge is a pre-sale gem that stands out as the best Play-to-Earn Doge companion game in its class. This mobile game transforms the iconic Doge meme into a Tamagotchi-style virtual pet experience, evoking ’90s nostalgia.

PlayDoge

PlayDoge has already raised $4.4 million in just one week, highlighting its rapid success. With rising prices coming, now is an opportune time for early investment.

The project is seeing impressive growth across social media platforms, amassing 4,900 followers shortly after its recent launch. Its high-quality illustrations and well-designed website reflect a commitment to professionalism and investor confidence.

Additionally, PlayDoge features strong tokenomics, including staking options, which enhance its appeal. For investors looking for a pre-sale opportunity with significant upside potential, PlayDoge appears to be a promising choice. To participate in the $PLAY token presale, visit playdoge.io.

Dog (Runes) (DOG)

Dog (Runes), formerly known as the DOG•GO•TO•THE•MOON token, has received considerable attention on the internet, approaching the $0.006871 mark. The project aims to reach a remarkable milestone of $1 per token, which could potentially increase 110x from current levels, which is exceptionally ambitious.

Recently added to leveraged platform OvenAdd.com, Dog (Runes) has aligned itself alongside other successful meme coins like $BEER and $BENDOG, which have shown considerable momentum in the market.

With a market capitalization close to $700 million and trading volumes of around $21 million in 24 hours, Dog (Runes) has quickly become a leading player in the cryptocurrency space.

Its integration into the Bitcoin Runes ecosystem further strengthens its appeal, providing unique opportunities in a competitive landscape dominated by platforms like Solana, Avalanche and Binanace Smart Chain.

For investors looking to gain exposure to promising meme coins, adding Dog (Runes) to their watchlist could prove beneficial.

WienerAI (WAI)

WienerAI (WAI), a project combining elements of dog, sausage, and AI trading robot, is generating buzz in the coin industry. With an impending price hike and $5.8 million in funding already raised, $WAI is poised for significant growth. Investors can participate in the presale using ETH, USDT, BNB or Card.

However, purchases made on BNB Smart Chain during the pre-sale will not be eligible for the high annual staking returns. It is recommended to buy on Ethereum for those interested in staking.

What sets WienerAI apart? It integrates AI-powered trading with transparent swaps, zero fees and MEV protection. This innovative approach, coupled with a generous 195% APY staking option, makes $WAI an attractive investment opportunity.

WienerAI’s strengths go beyond its unique theme. The project benefits from robust tokenomics, a well-defined roadmap and practical utility. These factors position it as a leader in the meme coin space, aligning with current market trends and suggesting further upward movement.

WienerAI’s ambition is to dominate the AI ​​space, surpassing other dog-themed tokens. Experts are taking note, with some predicting 100x returns and others suggesting a conservative 10x gain for investors. Media coverage by major crypto media outlets further boosts investor confidence.

Overall, WienerAI presents a unique opportunity in the meme coin market. Its innovative approach, solid fundamentals and recognition in the sector give it substantial growth potential. Secure your spot in the $WAI token presale by visiting wienerdog.ai.

Basis Dawgz (DAWGZ)

Dawgz Base The token, another presale gem that has generated considerable excitement, is quickly gaining traction. Although it is only a few days old, the project has already raised $1.3 million.

It features a Top Gun-style theme featuring Doge Pepe and other beloved memes.

What sets this project apart is its innovative referral program, which allows participants to earn 10% of the purchase amount in USDT for each referral leading to a sale.

Additionally, Base Dawgz encourages social engagement through an airdrop campaign, rewarding contributors with points convertible into $DAWGZ tokens after the presale.

This dual approach not only encourages active promotion of the project, but also promotes community involvement and growth. With robust tokenomics, including allocations of 20% to pre-sale, staking, liquidity, marketing and rewards, and 10% to listing, Base Dawgz guarantees a comprehensive investment proposition.

Designed to cater to adventurous and innovative crypto enthusiasts, Base Dawgz offers a unique multi-chain experience, not only working on the base chain, but also facilitating trading on ETH, SOL, BSC and AVAX.

For investors seeking exposure to promising pre-sale opportunities, Base Dawgz presents a compelling choice in the evolving coin landscape. To participate in the $DAWGZ token presale, visit basedawgz.com.

Related



Fuente

Continue Reading

Trending

Copyright © 2024 TOKENTALK.TOP. All rights reserved. This website provides educational content and highlights that investing involves risks. It is essential to conduct thorough research before investing and to be prepared to assume potential losses. Be sure to fully understand the risks involved before making investment decisions. Important: We do not provide financial or investment advice. All content is presented for educational purposes only.