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- 1 Meme coins are quite popular these days, generating astonishing returns for their investors.
- 2 Meme coins are mostly community-driven and run on their appeal and meme value.
Meme coins gained enormous popularity in the last few years and generated a gigantic market share in the crypto space. They provide investors with potential profits and entertainment value. Meme coins are uplifted by internet culture, funniness, and community.
Shiba Inu (SHIB)
The rising star Shiba Inu received a reputation in 2021 and the wave in its popularity Shoot up. It turned into hooked up in the year 2020 as a self-proclaimed “dogecoin Killer” striving to be a market leader meme coin. Shiba Inu has also grown its own decentralized alternate, a stablecoin known as Shibarium, and a governance token named bone. Shiba Inu earned good recognition and many investments in 2021. As one of the main payers inside the meme coin network, it’s far predicted to increase in 2024 and achieve new highs.
Dogecoin (DOGE)
Dogecoin is the primary famous meme coin and was introduced in 2021. The doge is mounted on the famous meme dog Shiba Inu. Dogecoin is quite outstanding within the crypto space as it’s miles sponsored through various influencers along with Elon Musk and Snoop Dog. It constructed a sensation in 2021 and made an all-time high of $0.7316. After the 2021 bull run the coin encountered a difficult bearish momentum and in a log consolidation from then. However, it might develop in the long term.
BONK
Bonk is a community-driven cryptocurrency developed to integrate with the Solana DApps across the network. It was founded in the year 2017 and is a community coin of the Solana ecosystem. Bonk is seeking to support NFT fanatics, DeFi traders, artists, collectors, and developers in the Solana ecosystem. Moreover, it was constructed by the Dexlab, a decentralized exchange (DEX), minting lab, and launchpad.
Floki Inu (FLOKI)
Floki Inu is also quite a popular meme token in the crypto community, it is inspired by the term Floki. The token is established on the Ethereum blockchain. Moreover, it is also a dog-themed meme coin. The token name is a mixture of Floki The dog owned by Elon Musk and the Inu a Japanese term used for the dog.
Pepe (PEPE)
Pepe (PEPE) is another meme coin that gained enormous popularity in the crypto world. It is also known as the next step in the evolution of the meme coins. Pepe is also known as the coin for the people, with its liquidity provider tokens burned and contracts renounced.
Conclusion
Meme coins have playful branding that runs on community power and has a unique position in the crypto space. However, meme coins pose a high risk and have less real-life value. Meme coins are becoming mainstream these days and also create some massive wealth for investors. In 2023, Bonk meme coin yielded outstanding returns for its investors and now it’s 2024 glancing like the story will reprise as meme coins flood in popularity.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
