Users could share humorous images and videos in their posts that could easily go viral with time. Social media platforms like Meta (formerly Facebook), X (formerly Twitter), Instagram, and others helped the use and popularity of memes. As a connecting ground for most modern activities, the internet is flooded with memes and jokes that people can share in the expressions and content. The Advent of Meme Coinsĭogecoin is the first meme coin to be developed in the crypto industry. Besides their humorous value, they have little or no utility. Meme coins are a highly volatile class of crypto assets with high speculation. However, the recent meme coin frenzy in 2023 introduced some of the trending tokens like PEPE, TURBO, FLOKI, Wall Street Memes (WSM), BONE, and others. Dogecoin (DOGE) and Shiba Inu (SHIB) are the leading meme coins in the industry that recorded their peak performance in 2021. Additionally, the growth of a meme coin could become explosive as it presents fast and huge market returns that would attract investors.Īlso, the influential prowess of the participants on the internet plays a role in adopting a meme coin. The popularity of meme coins usually depends on their virality, humor, social media trends, and strong community participation. Being inspired by internet memes and jokes, meme coins are developed to become viral and shared just like other memes. Meme-inspired logos, branding, and names such as animal images characterize them. Meme coins are cryptocurrencies that have traits of comedies. We’ll explore the world of memes to unveil what is a meme coin and all you need to know about the coin. Subsequently, meme coins have witnessed explosive growth in 2023, with thousands of tokens emerging this year and offering investors massive returns. The increasing adoption of memes birthed meme coins in the crypto industry. By adding humor and other feelings, people could use memes to enhance their communication and content on social media platforms. Meme coins have gradually become part of our daily texts and a growing means of online expression. This is a high-risk investment and you should not expect to be protected if something goes wrong. Don’t invest unless you’re prepared to lose all the money you invest.
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