Aenco X-Files❓ #2: Meme-based Cryptocurrency?

Meme as Money

Memes are quite eminent these days amongst netizens, but some are taking memes to the next level by making memes into cryptocurrencies: people could actually make their own coins and sell them online like any other currencies. But when did they all started? Join Aenco for this week’s ❓ Aenco X-Files❓ #2: Meme-based Cryptocurrency?

The History of Meme-based Cryptocurrency

To answer the first question: since when? It brings us back to December 2013 with Dogecoin, a crypto coin with a Japanese breed of dog called Shiba Inu as its coin face. Shiba Inu is heavily popularized as an online meme for its temper, adorkable face and well, online derivative meme of Shiba Inu. And now, it represents Dogecoin with a market cap of $330M.

Dogecoin (DOGE), the first meme-based cryptocurrency

Other Popular Examples

And there are many other meme-based cryptocurrencies like Pepe Cash — about 700 million Pepe Cash are in circulation at the moment, with the Pepe Cash holders pronouncing ‘Pepecash is meant to be the currency of the Pepesphere;’ or Mona Coin from Japan, also with a Japanese-style cushy animal face and a stunning market cap of $72.96M. Of all meme-based cryptocurrencies, they all possess the traits of being relatively humorous and popular among young generations.

Icons of Mona Coin (MONA) and Pepe Coin (PEPECOIN)

The Key Questions to Ponder Over

Why do people want to make a coin inspired by memes? And are you interested in investing in or making your own meme-based cryptocurrency?

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