The meme coins are a new black in the crypto platform. Social media platforms are the most powerful platforms in the world. The whole life of a person takes a turn of 360 degrees if he gets viral on social media. Social media has its place in every field on the earth. It is a necessity. It is making the new trends and keeping us aware of those trends every day. The meme coins are a product of the influence of social media on the masses.
What are meme coins?
Meme coins are the coins in the cryptocurrency that are inspired by viral memes. Memes are a form of digital art that contains humor. There are certain degrees in meme studies in the university. One can guess that how impactful and trendy these memes have been.
Moreover, these memes are the reason behind setting new trends. Once a meme gets viral, everyone relates to it. It has become the top trend. It has become a hot topic for discussion. People keep o sharing these memes without having any interest in them to add themselves to the cooler group of the society. The masses mostly love a viral meme. Dominating party does have its influence. It creates peer pressure among the other people, due to which the meme becomes the hot cake.
Now how is crypto-related to memes? This question may arise in the minds of people. Crypto has provided an easy and accessible platform for people to cash memes.
How Meme Coins Work?
It is simple. If a meme gets viral, people relate to it and share it as much as they can. It influences their personal lives as well. Now after a meme gets viral, people start initiating coins influenced by the memes. If one person has ever related to that meme, he would feel the connection towards that currency, and eventually, he will invest in that currency. One can say that meme coins act as a brand. People run for the brand blindly even if they don’t like their products. This is because they want to look cool and trendy. The same is the case with these meme coins and their popularity.
Famous Meme Coins
The list of the world’s most famous meme coins includes
Future Of Meme Coins
The meme coins have proved to be very successful in the past few years. The dogecoin blew off the whole staff market, and now it is included in the list of one of the most important and valued currencies. If we talk about the future of meme coins, it is a bit unclear. One can regard the meme coins as a cool trend that has been on the top for many years. But the main question is, for how long the same situation will continue? And the answer to this question is not so hopeful.
People who invested in the doge meme coin were benefitted because that meme got insanely viral. The future of the meme coins depends upon the same point. People invest in random meme coins. They are waiting for the moment when the meme will get viral. Because as the meme gets viral, the profit on the investment will increase on an insane level. But this situation won’t remain the same forever. New memes come, people start liking them, which eventually results in lowering down the value of previous memes and the meme coins associated with them. So it is advised not to invest a huge amount in the meme coins as there is no surety of success.