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- 1 Blockchain tech and internet culture are interconnected.
- 2 TrollCoin is decentralized, no single entity controls TrollCoin.
Memecoins are digital assets that are still popular among the digital generation. These blockchain assets are intertwined with internet culture and have a considerable overlap between web2 and web3.
Memes have become an essential part of the crypto ecosystem because so many assets rely on trends. Memecoins, also known as “sh*t coins,” started as a satirical joke but now attracts serious traders.
Although they don’t offer solid use-cases, they brighten up the blockchain with their fun and lighthearted nature. Despite being risky, people attempt to buy memecoins before they skyrocket to make some profit. However, most memecoins fade into irrelevance along with their corresponding trend, so it’s crucial to do research before attempting to buy them.
Now, let’s dive into how memecoins go from meme to meaningful, but before that, let’s understand what exactly memecoins are.
What are Meme Coins?
In simple terms, a memecoin is a type of cryptocurrency inspired by or promoted using a popular internet meme. However, some memecoins have branched out to build a whole ecosystem, creating a whole blockchain project out of a meme.
Blockchain tech and internet culture are interconnected, making it possible for coins and tokens inspired by memes to gain a significant following. Memecoins are notorious for being volatile, and their prices are typically driven by speculation. Additionally, memecoins famously have no utility or purpose past that speculation.
DogeCoin was the first memecoin, created in 2013 by software engineers Shibetoshi Nakamoto (aka Billy Markus) and Jackson Palmer. They marketed Doge as a playful and satirical answer to cryptocurrencies like Bitcoin.
Dogecoin started as a joke, sort of like crypto counter-culture, due to the popularity of the “Doge” meme. Dogecoin quickly gained a dedicated community and reached new heights of popularity when non-crypto natives started to notice it too.
Following Dogecoin’s success, numerous other memecoins flooded the market, such as Shiba Inu (SHIB), which used the very same meme as Dogecoin and positioned itself as its rival. Moreover, meme coins like Floki and Trollcoin are also attractive to crypto investors. However, not all memecoins are successful, so it’s essential to understand their common features.
What is Trollcoin?
Trollcoin, however, is mainly used to optimize website performance based on individual preferences. Although it can provide a more personalized web browsing experience, it usually does not directly disclose one’s identity.
TrollCoin TrollCoin is decentralized, no single entity controls TrollCoin. Anyone choosing to run the TrollCoin software contributes to its existence, function & value. The current price of Trollcoin is $0.000000018031.
Summary
Memecoins are digital assets intertwined with internet culture. They rely on trends and the overlap between web2 and web3. Trollcoin optimizes website performance based on individual preferences. It is decentralized and is not controlled by any entity.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks or related indexes comes with a risk of financial loss.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
