Memecoins

How Meme Coins Have the Last Word

Published

2 months ago

18 July, 2024

While the cryptocurrency industry is no stranger to controversy, memes are a particularly polarizing type of token. Memes are essentially tokens whose name, image, and general concept are based on an internet meme or pop culture reference. Because of this foundation, many, even the most committed cryptocurrency enthusiasts, do not consider them to be legitimate tokens.

The first meme currency was Dogecoin, founded in 2013 and based on the popular Shiba Inu dog meme. In the decade since its creation, meme currencies have skyrocketed in popularity. As Michael explains, best meme coins can see millions of dollars of investment each month and are more publicly visible than ever.

Even though they continue to be maligned by critics, they are still on track for success for the following reasons:

If you talk to any critic of meme coins, one of the most common arguments you’ll hear is that meme coins don’t “do” anything and therefore have no value. A token like XRP can be used for cross-border transactions, and tokens like ETH can be used in metaverses. But what do meme coins do beyond being pop culture references? It turns out that it’s a big deal.

It’s not universal, but many meme coins are known to have utility that drives their demand. Tokens like BONK can be used to tip creators and pay for microtransactions in game universes. Dogecoin is used to fund a literal mission to the moon. MEME can be staked to earn interest.

The growth of the meme coin space has meant that developers of new tokens often need to give their projects utility to compete with others in the market. And those using meme coins certainly appreciate these features. As more and more meme coins are tied to gaming universes, for example, meme coins offer a way to access interesting features.

Some meme coins are also accepted on gambling sites. Crypto gambling is big business these days and it is not uncommon to see meme coins used on any site. anonymous casino or even on a casino dedicated solely to that token. As cryptocurrency gambling continues to grow, so will the meme coins attached to it.

As we’ve said before, not all meme currency projects are necessarily useful; some are just simple internet jokes related to community sentiments. But there are definitely others that are.

Another element that cannot be ignored when it comes to the success of meme coins is the fact that they enjoy a lot of hype in the market. Many meme coins have found themselves highly sought after, with Record pre-sales figures and listings on major exchanges. When tokens get this much attention, they are bound to garner public interest regardless of their utility.

This ultimately reflects on the market price of the token, making it even more sought after. Take Dogecoin, for example, which is ironically the first meme coin. We can debate its usefulness or lack thereof, but there is no denying that it is among the top 20 cryptocurrencies by market cap. The hype that meme coins get upon their introduction to the market usually leads to more people investing in them and thus maintaining their presence in the market.

This hype could be due to their profitability, the story they are based on, the team behind them, industry drama, etc. In fact, token creators like Dogwifhat have admitted that they have no practical use and are only based on industry hype.

Proving the power of hype, Dogwifhat became a major meme currency within a short time of its launch.

If you’ve been around the internet long enough, you’ll be able to attest to the power of people coming together to share jokes. Some memes have been turned into cryptocurrencies, sold as NFTs, and remain ingrained in our collective consciousness. While they may seem like jokes, funny images, or videos, they’re pieces of content that connect millions of people.

This connection can and has already generated considerable investment from consumers. When a new internet joke goes viral, there is a new opportunity to create a meme coin that people immediately recognize and relate to. A random token is less likely to catch your attention than a token called TRUMPSTOUPE or KENNYFROMSOUTHPARK. Fans of personalities, shows, etc. are also likely to feel more connected and compelled to buy meme coins.

While they are easy to dismiss, memes are inherently instantly more interesting to watch and use than regular cryptos, which will keep them at least somewhat relevant in the industry for times to come.

A common theme among many meme coins is the emphasis on community ownership and participation. Several tokens are known to function as DAOs, allowing the community to decide on their various changes. BONK, for example, is closely tied to the Solana community and has been thrown as a gift to this during a difficult time.

Given that many of them rely on community participation to keep their ecosystems alive instead of utility, community is even more of a priority than non-meme coins. Take the use of social media, for example, which has always been a big part of the success of cryptocurrencies, but is even more so when it comes to meme coins. Your average meme coin team actively engages with the community via social media and ensures that connection is never lost. As long as meme coins can continue to create and nurture these community connections, their continued success is more likely.

Conclusion

Memes are a really interesting phenomenon; they are digital assets based on memes and jokes that often have no practical use. Despite this, they have continued to succeed and are heading towards a future where they will have even more influence in the crypto space. But why?

As we’ve highlighted in this article, their current and continued success is due to the fact that they are very community-driven, harness the infinite power of the internet, are profitable despite their lack of use cases, and often have use cases after all.

Fuente

Memecoins

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

Published

2 months 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

2 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

2 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

2 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.

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