Memecoins

From Dogecoin to SHIB: the rise and resilience of Memecoins in crypto

Published

5 months ago

10 June, 2024

Love them or hate them, there is no escaping memecoins. The impressive gains boasted by top dog and catcoin traders regularly make headlines, fueling FOMO (fear of missing out). It would be easy to dismiss memecoins as a fad if not for their persistent growth and growing share of the cryptocurrency market.

When a respected figure like Vitalik Buterin feels compelled to comment, by publishing a treaty advocating for “higher quality, fun projects that contribute positively to the ecosystem and the world around them,” it attracts the attention of the few remaining industry watchers who weren’t already keeping an eye on memecoins. The growing popularity of these assets is attracting talent and user activity to the space, as Underlines by Bitmex CEO Arthur Hayes in May.

Now everyone is watching and many are trading them. The question is: are memecoins the natural evolution of crypto or a last resort for desperate players looking for a quick win?

At the beginning there was one

Just as there was initially only one cryptocurrency – Bitcoin – there was once only one memecoin: Dogecoin. Started as a joke by Billy Markus and Jackson Palmer in 2013, it quickly gained a cult following, but it wasn’t until 2021 that memecoin mania truly took off. That year, Dogecoin reached a market capitalization of $85 billion, surpassing several of the largest 100 American companies.

As expected, a slew of other memecoins followed, each attempting to dethrone Dogecoin. If none has yet succeeded, some have come close, notably $SHIBwhich is currently located just outside the crypto top 10. Memecoins are now a $56 billion industry with popular tokens such as $PEPE, $WIFand $FLOKI regularly records daily volumes that exceed everything except ETH and BTC.

The appeal of Memecoins

From a consumer perspective, the appeal of purchasing memecoins is obvious: their high supply and low unit price make them seem affordable to retail investors, while their accessibility simplifies the acquisition process. The record returns achieved by holders of top-performing memecoins also far exceed those of traditional assets like BTC. For example, $WIF has surged 185,498% from its lowest level five months ago.

But beyond just speculation, there are several reasons why memecoins are now the face and future of crypto.

The closest thing to a fair launch

There is a case to be made that memecoins are among the fairest cryptocurrencies ever created. Their acquisition does not require technical skills or specialized equipment; you just have to believe in the potential of the token. Even if the odds are stacked against the buyer, identifying a piece with the right attributes – memes, community, content, uniqueness and that certain je ne sais quoi – is an underrated skill.

Even for those without the ability to identify a gem among the many simultaneous launches, there is still money to be made by purchasing already successful memecoins. There’s a reason memecoins like $PEPE are hitting all-time highs while serious DeFi assets are down, even in a bear market: distribution.

The main characteristic of memecoins is not their high supply or low unit price; it’s their fair launch that gets everyone in on the ground floor. Memecoins stand in stark contrast to low-float, high-fully diluted value (FDV) “VC coins,” whose charts often show perpetual decline. With the launch of memecoin, no one – except perhaps a few insider wallets – has an unfair advantage. This is the ultimate PvP (player versus player).

Rather than venture capitalists and influencers selling them to retail investors, it is often retail investors who force professional investors to buy their assets after realizing that memecoins are not a passing fad but a class of sustainable assets. There is no such thing as a completely fair launch, but memecoins come close.

Retail investors aren’t the only ones interested in high-supply tokens. From the perspective of crypto exchanges, AMMs and DEXs, memecoins are very beneficial, increasing transaction volumes and increasing protocol fees. Issuing a memecoin has now become the default way to launch a new DEX or layer2, much like christening a new ship with a bottle of champagne.

Protest money for the people

Looking at new tokens traded on platforms like Cielo or the latest Solana tokens funded on Pump Fun, it is clear that most memecoins are high on hype and low in originality. By the time you read this sentence, around ten memecoins will have been launched on the EVM and Solana chains. By the time you finish this article, half of these parts will have failed. It’s a reality: 99% of all memecoins will be worthless.

However, the same can be said for many “serious” cryptos that claim to have real utility and support. Whether in DeFi, GameFi, or RWA, the charts are filled with tokens that peaked shortly after launch and have been in decline ever since. At least with memecoins, people accept these risks, knowing that their value depends on the memes and the energy of the community.

The fairness of memecoins also extends to their creation. Thanks to the many token-as-a-service launch platforms, anyone can now create and issue their own token with no technical skills required. This allows tokens to be spontaneously issued to commemorate the latest news or latch onto the latest popular meme.

Memecoins represent protest money for the people: a way to fight against those who hold power and wealth. In a space where ideas are judged on their merits, memecoins offer a voice to the voiceless and opportunity to the excluded. Successful memecoins, reaching billion-dollar valuations and top-tier exchange listings, are the crypto equivalent of underdogs who fought their way to the top through sheer grit.

Often simple and short-lived, memecoins nonetheless represent a unique opportunity for outsiders to succeed. Plus, they add a fun element to the crypto space. In a world where humor is increasingly regulated and open discussion is discouraged, memecoins remain a bastion of free speech. No matter how popular the concept may be, no one can stop a token from launching, thanks to the power of permissionless blockchains.

We may not like them all, but we can’t deny their place in crypto. Memecoins are here to stay.

Fuente

Memecoins

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

Published

4 months ago

1 August, 2024

TokenTalk Staff

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

Disclaimer

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Fuente

Memecoins

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

Published

4 months 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

4 months 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

4 months 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.

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