What are meme coins ?
Meme coins is a kind of cryptocurrency that have an big impact in crypto market in the last few years. Meme coin characterized by their unique branding and often humorous origins.
These cryptocurrencies gain a lot of attention by users through internet memes,comics and social network trends by its name, slogan and logos.
Meme coins sometimes capture younger and tech-savvy, despite their funny logos or slogans, meme coins sparked intense and attracted a lot of users lead to extreme price raising of that coin.
While some users view that meme coins encourage them to explore and invest more in cryptocurrency
How do meme coin work ?
Meme coin is typically operate on blockchain, similar to other cryptocurrencies.
Some meme coins offer unique features many of them are used for investment and trading, Sometimes it could be a suggestion from public figure or online communities on social networks to use a specific coin.
Meme coins have volatile nature and lack of fundamental utility make them highly risk investment.
Some examples:
1- Shiba- INU (SHIB)
2- Dogcoin (DOGE)
3- PEPE
4- Floki-INU (FLOKI)
But that’s not all there are a large group of meme coins.
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Shall we trust meme coins ?
Meme coins are considered High-risk investment due to some factors like extreme price volatility also they can provide a lot of profits but it comes with significant risks.
Investing in meme coins lead to financial losing due to their market issues and social media trends. It challenging to assess their true value or potential risks.
If you want to invest in meme coins you should understand the risks involved and we always say invest only what you afford to lose
What is the use for meme coin ?
In the past some of meme coins like dogcoin was used for “Tip” or “donation” within online communites like facebook or twitter.
Users can tip each other by small of small amounts of dogecoin to it’s a way you can use for comment or contribute
How to buy meme coins ?
Buying meme coins like other crypto you can use binance or crypto.com to buy for crypto.com (users can tap ‘Buy’ from the home screen and select the token to purchase plus the payment method. ) (getButton) #text=(Buy meme coin) #icon=(demo) #size=(1)
Popular Meme Coins in 2024
1- Dogecoin:
Started as a lighthearted joke or meme in 2013 but after that It widely recognized
2- Shiba inu:
A breed of dog (one of the oldest and smallest native breed in japan) including fox like face, curled tail and musclar build
3- pepe:
Pepe is a cartoon frog character that borrowed from a comic series called “Boy’s club” and pepe gained a lot of popularity on internet forums.
4- Floki:
Inspired by the meme culture from TV series “Vikings” due to the influence of Elon Musk
