Meme Coins — The Ultimate Guide
We hate them and we love them . Meme cryptocurrencies exist an inseparable portion of the crypto sphere . In this guide , I will recount you everything you need to know about meme coin and how to notice and break down them .
What are Meme Coins ?
Meme coin are coins or tokens inspired by memes . Memes are often funny image , videos , and pieces of text that are copied and fan out rapidly on the internet . Typically , meme cryptos have the following characteristic :
- They are not created for a specific use case , or to solve a particular trouble .
- They have a real large or unlimited supply .
- In most cases , they are extremely cheap . One coin alone costs a tiny fraction of a cent , so that people can have a large quantity with little money paid .
- They are to be traded or share among many masses so they can go viral .
- Their cost be extremely volatile .
- They carry very high investment risk .
The most well-known meme coins exist Dogecoin and Shiba Inu , rate at 9th and 15th respectively by market cap . Both were inspire by the Doge meme .
There are various thousand meme cryptocurrencies with many not being tracked or verified . This doesn ’ t mean that they be illegal but simply that they…
