Memecoins

Are you still making fun of Memecoins like your mother? The joke might be on you

Published

3 months ago

11 June, 2024

Are you still making fun of Memecoins like your mother? The joke might be on you

The representation of Dogecoin and a laptop keyboard are visible in this illustrative photo taken… [+] Krakow, Poland, June 10, 2022. (Photo by Jakub Porzycki/NurPhoto via Getty Images)

NurPhoto via Getty Images

As their name suggests, meme coins are a category of cryptocurrency inspired by memes or having a comical trait. After all, many of them, like dogecoin, started life as an internet joke. But here’s the funny thing: This piece has long outlived the initial “doge” craze (a sort of 2010s lolcat, with pictures of cute doggies with silly captions).

Although Bitcoin’s dizzying rise to new highs has dominated headlines in 2024, memecoins have delivered the most notable performance, with ROI for major tokens ranging from above 1,300 percent This year.

Of course, some of this is pure speculation, driven by celebrities (Elon Musk is known to be a strong supporter and promoter of Doge). But remember, they also said this about Bitcoin. The truth is that the value of memecoins depends on how useful they are in the real world, not how cute they are. That said, not all memecoins are created equal, and some of them definitely deserve to be treated as a joke.

Whatever you think of the “memecoin frenzy,” you can’t afford to ignore it. Let’s go ahead and look at some of the pieces most likely to prove the mockers wrong.

Beyond cute

Hello everyone Shiba Inu, the cutest of all doges! And when it comes to memecoins, it’s not just a pretty face – or a joke. Shiba Inu is a great example of how memecoins are developing real utility and even setting the technological tone for other digital currencies.

The representation of the Dogecoin cryptocurrency is seen with the Shiba Inu cryptocurrency logo displayed on a… [+] screen in the background in this photo illustration taken in Krakow, Poland, on June 29, 2021. (Photo illustration by Jakub Porzycki/NurPhoto via Getty Images)

NurPhoto via Getty Images

Shiba Inu is one of the largest memecoins by market capitalization, and recently announced a partnership with Zama.ai develop a fully homomorphic encryption platform. This means that Shiba Inu will be able to create identity, security and risk management solutions integrated with payment and other financial technologies. This not only improves privacy and security in the memecoin or crypto sector, but also sets standards for the traditional financial sector as it converges with the crypto economy.

Gettin’ Jiggy with Iggy

Australian model and rapper Iggy Azalea is just one of the celebrities cashing in on the memecoin frenzy, but she’s one of the most successful. Last week, no less a publication than Forbes reported Grammy-nominated play Mother Iggy ($MOTHER) soared 1,200% in just one week and is now worth $200 million.

Mother Token

Sandy Carter with DALL-E

Additionally, MOTHER token holders could soon use the cryptocurrency to purchase phones and monthly cellular plans from the singer’s telecommunications company.

But be careful: celebrity endorsement does not guarantee the success of a memecoin. For example, Caitlyn Jenner’s coin JENNER launched with great fanfare, with a market capitalization that briefly reached $43 million; however, its value quickly dropped and is now less than $6 million. So before investing in a memecoin, look beyond the celebrity name and ask yourself: what does this coin bring to the market, other than celebrity endorsement?

Investors flock to Floki

One thing a memecoin needs most of all – and this goes for all digital currencies – is a large and highly engaged community of users. After all, what’s the point of having a coin if you can’t transact with anyone?

Floki is a great example of a memecoin that is more than a token: it’s a movement. Presenting himself as “The people’s cryptocurrency», Floki is a project-based community based on utilities and NFTs. Among its unique features are its integration with play-to-earn Valhalla Metaverse, an NFT marketplace, as well as Floki University – a crypto education platform founded in response to renewed interest from new investors.

The Floki community

Flocking

This focus on utility is reflected in an ever-growing dedicated fan base, which has helped drive its total market capitalization of over $2.5 billion.

Strong chains make strong pieces

Although many memecoins are based on their own blockchains, some of the most robust coins are those built on existing, proven chains. A good example is Bonk, which uses the Solana blockchain. The fact that it is based on an established blockchain makes Bonk particularly suitable for a range of decentralized finance (DeFi) applications, as many existing decentralized crypto exchanges (DEXs) also use Solana.

Solana SOL cryptocurrency physical coin, abstract background.

getty

An added benefit of using an established chain is that memecoins like $BONK can leverage an existing community, with a ready-made marketplace for new utilities and integrations. For example, the Solana community has already built over 250 on-chain integrations for BONK.

Lessons before you get started

Just like Bitcoin before them, memecoins require extensive research before getting started. But here’s what you should look for if you want to get in on the ground floor:

What does this piece bring to the market?

As we’ve seen, a coin’s long-term value is dictated by its usefulness. Look beyond the adorable doges and A-list endorsements and ask yourself: what is this room for? What problems does this solve? Are its functions truly new and useful, or are they just copying what other parts already do (and better!).

Does the piece have a community?

It’s important to look beyond the buzz and see how many people are actively using or interested in memecoin. To take just one example, check their social media and forums to see how many people follow it or post about it, and compare that with other competing memecoins.

A clear roadmap

You want to support a memecoin that goes everywhere, not a flash in the pan. You’ll want to determine if the coin has an experienced development team with a clear vision of how it wants to change the world, as well as evidence of recent and future integrations that will make it happen.

Whatever you do, don’t treat memecoins as a passing fad. Remember, it wasn’t that long ago that the value of Bitcoin was measured in just cents. Ignore the memecoin revolution completely, and the joke might be your fault.

Fuente

Related Topics:AI blockchain BONK Course doge Iggy mother Piece of money Shiba Inu Token

Up Next

CryptoHeap Reports on Recent Market Correction and Growing Memecoin Activity

Don't Miss

Arthur Hayes Unveils Big Aptos (APT) Prediction and Updates Memecoin Sector Outlook

TokenTalk Staff

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.

Click to comment

Memecoins

Memecoins dominate major derivatives in terms of open interest | Flash News Detail

Published

1 month ago

1 August, 2024

TokenTalk Staff

Bitcoin Dominance May Have Peaked, Ethereum ETF Could Trigger Altcoin Momentum

Disclaimer

Disclaimer: Blockchain.news provides content for informational purposes only. Under no circumstances shall blockchain.news be liable for any direct, indirect, incidental or consequential damages arising out of the use of, or inability to use, the information provided. This includes, but is not limited to, any loss or damage resulting from decisions made based on the content. Readers should conduct their own research and consult professionals before making any financial decisions.

Fuente

Memecoins

Have a profitable August with Shiba Inu and Mpeppe (MPEPE) Don’t miss the winnings

Published

1 month ago

1 August, 2024

TokenTalk Staff

Have a profitable August with Shiba Inu and Mpeppe (MPEPE) Don't miss the winnings

August offers investors a unique opportunity to capitalize on the potential gains offered by Shiba Inu (SHIB) and Mpeppe (MPEPE)These two memecoins take advantage of the viral nature of internet memes and popular culture, attracting a diverse and enthusiastic audience. In this article, we’ll look at why Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for gains this month and why you shouldn’t miss out on the potential profits.

The viral power of memecoins

Memecoins have the inherent ability to leverage the viral nature of internet memes and popular culture references. This can lead to rapid spread of the cryptocurrency’s brand and message across various online platforms, potentially appealing to a broader and more diverse audience. Shiba Inu (SHIB) and Mpeppe (MPEPE) are great examples of how this viral potential can translate into substantial community growth and market presence.

Shiba Inu: riding the wave of popularity

Shiba Inu (SHIB) has established itself as a major player in the memecoin space. With its cute canine mascot and strong community support, Shiba Inu (SHIB) has gained a significant following. The coin’s ecosystem continues to grow, with projects like ShibaSwap adding to its utility and appeal. Investors are optimistic about Shiba Inu’s future, expecting it to ride the wave of popularity that has kept it in the spotlight.

Ecosystem expansion

THE Shiba Inu (SHIB) The Shiba Inu (SHIB) ecosystem is constantly expanding, offering new features and utilities that enhance its value proposition. Projects like ShibaSwap provide users with opportunities to stake and earn rewards, making Shiba Inu (SHIB) more than just a meme currency. This expansion helps solidify its market position and attract a wider audience.

Balancing humor and professionalism

Mpeppe (MPEPE) offers a unique and light-hearted approach to the serious world of digital assets, balancing humor and professionalism. Inspired by internet memes and the dynamic energy of football fans, Mpeppe (MPEPE) is quickly gaining traction in the crypto community.

Mpeppe (MPEPE) offers an opportunity to reach a younger demographic and tap into the viral nature of internet culture. By balancing humor and professionalism, Mpeppe (MPEPE) appeals to a wide audience, from casual meme enthusiasts to serious investors. This strategy is similar to the one that made Shiba Inu (SHIB) so successful, but with a modern twist.

Expanding Reach and Adoption

Mpeppe’s (MPEPE) ability to leverage internet culture means it has the potential to rapidly expand its reach and adoption. The memecoin’s branding and community-driven approach make it accessible and appealing, much like Shiba Inu (SHIB) in its early days.

Why August is the month to invest

As the cryptocurrency market experiences a surge in interest, August presents a great opportunity to invest in promising assets like Shiba Inu (SHIB) and Mpeppe (MPEPE) Both coins are well positioned to capitalize on the growing interest in memecoins, driven by their unique appeal and active communities.

Conclusion: Don’t miss the benefits

Shiba Inu (SHIB) and Mpeppe (MPEPE) are poised for a profitable August, leveraging their viral potential and strong community support to attract a diverse audience. With the cryptocurrency market in full swing, now is the perfect time to consider investing in these promising memecoins. Just as Shiba Inu (SHIB) captivated the crypto world with its unique appeal, Mpeppe (MPEPE) is poised to make its mark. Don’t miss out on the potential gains these innovative digital assets have to offer.

For more information on the Mpeppe presale (MPEPE):

Visit Mpeppe (MPEPE)

Join us and become a member of the community:

https://t.me/mpeppecoin

https://x.com/mpeppecommunity?s=11&t=hQv3guBuxfglZI-0YOTGuQ

Fuente

Memecoins

Solana down 8% as its coins Dogwifhat, Billy and Neiro fall further

Published

1 month ago

1 August, 2024

TokenTalk Staff

Solana climbs 4% on the back of rising Meme Coins and Alts

Solana, the fifth-largest crypto asset by market cap, has fallen 8% in the past 24 hours, according to CoinGeckolike his Meme Coin Market Prices of some coins, which can be notoriously volatile, have fallen by as much as 43% in the past day.

As the cryptocurrency market bleeds with Bitcoin (Bitcoin) down 2.7% and Ethereum (ETH) 4.2%, Solana (GROUND) was the hardest hit among the top 10 cryptocurrencies, falling 8.2% to $168 on the day, according to data from CoinGecko. Along with this, meme coin Solana suffered huge losses.

The biggest loser in the last 24 hours is the bigger of the two Black (NEIRO) on Solana which fell nearly 44% to $0.01821. These tokens were launched after the owner of Kabosuthe Shiba Inu that inspired the Doge meme, announced that she had adopted a new dog named Neiro. Interestingly, her rival on the network launched an hour beforealso called Black (NEIRO), is up 75.2%. It appears that the Solana Neiro Civil War is far from being decided.

Other big losers include: Pump.fun’s Favorites Billy (BOWL), down 26.4%, and Michi (MICHI), which fell 24.5%. Over the past 24 hours, both tokens have flipped their market caps multiple times, but dog token Billy is currently in the lead with $94 million, about $3 million ahead of Michi.

Dog with hat (Wireless), the largest meme coin on Solana, was also hit, dropping 12.4%. Bonk (BONK), the second-largest Solana meme coin, fell 9.1%. In fact, among the top 50 Solana meme coins by market cap, only four tokens are in the green, with Zoomer (ZOOM IN) leading the pack with 41.1%.

Meme coins are notoriously high-risk assets and tend to post disproportionate losses when the broader market experiences a downturn.

Brain (BRAIN), Michi (MICHI), Mini (MINI), Shark cat (SC), and many others, for example, have suffered greater losses in the last 24 hours than any of the top 100 cryptocurrencies by market capitalization.

In the world of meme coins, when it rains, it rains.

Edited by Stacy Elliott.

Fuente

Memecoins

Trader Says Bitcoin’s Path to $100,000 Is ‘Currently Programmed’, Updates Outlook on Memecoin That’s Up Over 18,000% YTD

Published

1 month ago

1 August, 2024

TokenTalk Staff

Trader Says Bitcoin's Path to $100,000 Is 'Currently Programmed', Updates Outlook on Memecoin That's Up Over 18,000% YTD

A widely followed analyst and trader expresses bullish sentiment on Bitcoin (Bitcoin) while offering his take on the memecoin built on Solana (GROUND) blockchain ecosystem.

Starting with Bitcoin, the analyst known by the pseudonym Altcoin Sherpa tell His 219,000 followers on social media platform X say Bitcoin is on the verge of hitting a six-figure price.

“There will be bumps along the way, but Bitcoin’s path to $100,000 is on schedule. Don’t get rattled or lost along the way.”

Source: Altcoin Sherpa/X

At the time of writing, Bitcoin is trading at $66,236.

According to For the widely followed trader, Bitcoin enjoys strong support between $63,800 and $65,000, where the 25, 55, 89 and 200 exponential moving averages (EMAs) on the daily chart have clustered.

Source: Altcoin Sherpa/X

Next up is the Solana-based memecoin Popcat (POPCAT). The pseudonymous trader and analyst said that among the cat memecoin family, POPCAT is one of the “best” in the long run.

Altcoin Sherpa, however, says POPCAT looks bearish on the short-term four-hour time frame and needs to climb above a range low between $0.694 and $0.724 to avoid falling further.

Source: Altcoin Sherpa/X

POPCAT was trading at $0.00379 on January 5th and is now at $0.704, a gain of approximately 18,475%.

Altcoin Sherpa also offers his take on dogwifhat (Wireless), Solana-based Memecoin. According to For the pseudonymous analyst, WIF “still looks pretty good for now” on the four-hour chart with the “best” support area sitting around $2.10.

“The average would probably be $2.30 to $2.10 if I were you and I was swing trading this one.”

Source: Altcoin Sherpa/X

WIF is trading at $2.27 at the time of writing.

Don’t miss a thing – Subscribe to receive email alerts directly to your inbox

Check Price action

follow us on X, Facebook And Telegram

Surf The Daily Hodl Mix

&nbsp