Miscellaneous Meme Coins 😎

With the Meme trend rising it eventually gave birth to something known as MemeCoins. Let us decode the concept of MemeCoins today ✌🏻

What is MemeCoin?

Many cryptocurrencies have the word coin in the name—most notably Bitcoin. The word coin (or token) is often used to refer to a single unit of such a currency, or to the currency itself.

This is how the word coin is used in meme coin. The word meme is used in the sense of a cultural item (such as an image, video, or phrase) that is popularly spread on the internet (and often altered in a humorous way).

The Origin Of World's First MemeCoin

DOGE COIN is the first and the most prominent MemeCoin launched in December 2013 by Billy Markus & Jackson Palmer, who created the token as a joke.

However, the internet being the way that it is, Dogecoin has since seen surges in popularity and value, increasing sharply at points, such as when Elon Musk tweeted positively about it in 2021 (amidst other closely followed commentary on and promotion of cryptocurrency).

As a result of Dogecoin’s popularity (and the increasing ease of creating cryptocurrencies), more meme coins began to enter the market, including many that reference the doge meme or Elon Musk, and many others that reference other memes or slang terms.

That's it for the day, Web3Shala Signing Off ✌🏻

Have a nice day :)Keep Learning 🙏🏻