Meme coins are a cryptocurrency that takes the internet's trend, meme culture, and viral behavior as its foundation to gain popularity. Generally, compared to a traditional cryptocurrency such as Bitcoin or Ethereum, meme coins are less strong in significant technological innovation or real-world application for the most part. It is basically just the outcome of a community online rallying and influencers getting behind it to set its value.
Most famously, a meme coin may be named with the famous case: Dogecoin (DOGE). It was launched in 2013, and its founders were software engineers Billy Markus and Jackson Palmer. Dogecoin was begun as a parody of Bitcoin, sporting a popular meme of Shiba Inu dog whose thought is expressed by Comic Sans written in broken English. Extremely humble and funny right from the start, Dogecoin attracted so many followers that it today has become one of the most popular in terms of capitalization.
The Meme Coin Explosion
Since Dogecoin, there are thousands of meme coins entering the scene. And every one of them is having its iteration of internet culture and humor. Recent waves of crypto coins in terms of growth include Shiba Inu (SHIB), SafeMoon, and Floki Inu, thus generating explosive growth, usually built upon viral trends, as even celebrity and influencer support on Twitter and TikTok.
One reason for the boom of the meme coin is the way in which it correlates with the internet culture. Meme coins typically hype as community efforts, and holders of these coins begin collaborating to spread awareness; they create memes that have to support coin value among other things. Belonging and involvement may turn out pretty attractive in the eyes of younger investors who are tech savvy as well as appreciate the humor and creativity that flows with meme coins.
