The Hilarious World of Meme Coins!

So, let’s get into the history how I learned of PEPE
Back in 2010, my friends and I were interested in memes with different characters, PEPE was no exception. We really liked it, and we thought it was a bit of a laugh. On PEPE it was a forceful fashion, you cannot even imagine, or you can imagine.
I remember, some friends were putting it as an avatar on blogs and social network accounts. I don’t remember the beginning of this hype, but I do know, somehow, people are submitted by society and follow them. But this era isn’t coming to an end, it was just transformed to the form for our society that is convenient for all. And, of course, we can buy little meme coins, be it DOGE, PEPE or Shiba Inu. It would make you nostalgic when you look in your portfolio…

1.History from MEME coins and how is starting this hype

Let’s start our journey across the most mysterious sights in Crypto. So, this mystery MEME coin keeps everyone on their toes. Meme coins have been around for a while, but they gained popularity and hype in 2021, when like Elon Musk with Dogecoin, the first meme coin, which was created in 2013.
Dogecoin is a reference to a meme known as “Doge,” featuring a photo of a cute Shiba Inu dog with accompanying text in broken English meant to represent its inner thoughts.
We’ll talk more about Dogecoin itself further down, but for now, it’s enough to say that as a cryptocurrency, it wasn’t meant to be taken seriously. And yet at one point, it reached a market cap of $70 billion, which is larger than the market cap of companies and other altcoins too. And although its market cap currently sits at about $10 billion for something that, essentially, is a practical joke.
We can also look at non-meme coins, for example WhiteBIT Token (WBT) or Arbitrum (ARB). Their market cap of value is so high, but DOGE breaks all records.

2.What are meme coins?

Oftentimes, people confuse “meme coins” with “altcoins.” It’s important to make the distinction that not all “altcoins” are “meme coins,” but all “meme coins” are “altcoins.”
An altcoin is any coin (or token) that is not Bitcoin, which is practically all cryptocurrencies accept Bitcoin. Ethereum is the largest altcoin, and second largest cryptocurrency in terms of market capitalization, for example. Unlike Bitcoin or Ethereum, meme coins are designed as an homage to a meme, an interesting or funny idea captured in an image, video, or another form of media. In general, meme coins are designed to go viral and be shared, like the memes they are based on.

3.Top 3 meme coins

DOGE

The coin’s cute Shiba Inu logo and humorous approach to marketing helped it build a dedicated community of supporters who embraced its lighthearted spirit and rallied behind it. Additionally, Dogecoin has become a popular choice for charitable donations and tipping due to its low transaction fees and fast confirmation times. Despite its humorous beginnings, Dogecoin has managed to maintain a significant presence in the world of cryptocurrency and is now accepted by numerous merchants and exchanges worldwide.

PEPE

PEPE coin is a cryptocurrency that was created in 2016 based on the Pepe the Frog meme, which became popular in Internet culture. The idea of using a meme as the basis for a cryptocurrency came from a group of people who were interested in both cryptocurrencies and internet memes.

At first, PEPE coin was created as a joke and was used for exchanges between Pepe the Frog fans. As the popularity of cryptocurrencies grew, so did the interest in PEPE coin, leading to its rise in value and status as a well-known meme-based cryptocurrency.

Shiba Inu

Shiba Inu coin is a cryptocurrency that gained popularity in 2021, following the success of other meme-based cryptocurrencies, such as Dogecoin. Initially, the Shiba Inu coin did not attract much attention and had a low value. However, in April 2021, the cryptocurrency began to gain popularity on social media platforms such as Twitter and Reddit, where users began to share memes and discussions about the coin.

Overall, the popularity of the Shiba Inu coin can be attributed to a combination of factors, including the success of other meme-based cryptocurrencies, social media hype, high-profile endorsements, and the launch of a decentralized exchange.

4.Influence from meme coins on the today’s economy

The impact of meme coins on the economy is still relatively small, as they represent only a small fraction of the total cryptocurrency market. However, the rise of meme coins has highlighted the growing interest in cryptocurrencies and their potential as a speculative investment.

Some economists have raised concerns about the potential risks associated with meme coins and other speculative investments. The volatility of meme coins and other cryptocurrencies can make them a risky investment, and there is a risk of fraud and market manipulation.

As a whole, though, the impact of meme coins on the economy is still evolving, and it remains to be seen how they will affect the broader financial system in the long term.

5.Summarize the results

And most importantly, we should think clearly and we should not take meme coins seriously. Anyway, keep referring to serious and ambitious projects, which could make us a profit. I would also like to clarify that staking can be a good source of income. And, in the ultimate analysis, such crypto exchanges like Kraken, WhiteBİT and ByBit that earn a good interest rate. And of course, no way should we forget that chosen crypto exchanges are the keystone of success.