What is Meme Coin?

A meme is a cryptocurrency associated with some themes, usually as a meme (joke) rather than a serious symbol. For example, Dogecoin was the first meme coin because it was named after a popular dog on the internet. Meme is the literal name of another cryptocurrency, and cryptocurrencies with “meme” nicknames such as imemecrypto, pepemefrogree, and jakememe70 also exist. ELON, the cryptocurrency for Dogelon Mars, named after Elon Musk in April 2021, increased its value forty-fold before its sale. At this point, it should be known that 1 coin is 1/100 of 1 cent, so it will be seen that a 40-fold increase is not a very large amount. Meme coins have come to the fore by being inspired by internet memes and current events and supported by influencers.
The factors that make meme coins a “meme” are internet memes, current events and online communities, and influencers. For example, with Elon Musk supporting Dogecoin, Shibu Inu (SHIB) and Safemoon (SAFEMOON) have become popular as meme coins. Another factor that has always had a great impact on cryptocurrency culture has been Influencers, but recently this influence has increased even more. When Elon Musk backed the original meme cryptocurrency Dogecoin, it was amplified by influencers on social media platforms like TikTok, significantly increasing its influence.
Meme coins do not have any value per se; as the name suggests, these cryptocurrencies are considered jokes and images shared on social media. Dogecoin (DOGE), an original meme coin, is based on the long-standing Doge meme, which emerged with the image of the Shibu Inu (SHIB) dog. It is processed on its own Blockchain and can therefore be distinguished from meme tokens that run on an existing Blockchain. The most popular known meme tokens include Shibu Inu (SHIB), an ERC-20 token built on the Ethereum network, and SafeMoon (SAFEMOON), which runs on Binance Smart Chain.
Since Dogecoin was the pioneer of meme coins, each subsequent meme coin imitated Dogecoin in some way. A meme is conceptually known as a trend, belief, fashion or idiom that is transmitted from generation to generation through imitation and behavioral repetition. Memes and memetics, introduced in the book "The Selfish Gene" written by Richard Dawkins in 1976, are accepted as the cultural equivalent of the biological examination of genes and genetics. Using the analogy of evolution in his book, Dawkins observed that human cultures evolve over time through “contagious” communications, similar to the gene pool of populations.
Memes are also widely used as an image, video, story, or joke that is voluntarily transmitted from one internet user to another via email, blogs, and social networking sites. Internet memes have been considered an art form, and these memes are created to promote individuals, groups, movies, art, music, and products, as well as to create a hoax or simply be funny. While internet memes become products that can last for years, they can also disappear briefly. For example, GameStop, a publicly traded stock that gained popularity in 2021 after a post on social media went viral, jumped from $20 per share to nearly $350 in two weeks. This is because hedge funds shorted the stock and then a post shared on the Reddit platform encouraged people to buy more shares to get revenge. For this reason, the shares fell to 40 dollars in a short time and then started to rise again.
About memd token meme is accepted
as the native token of the private digital art NFT platform DontBuyMEME. DontBuyMeme hosts digital artists from around the world and offers its community the chance to mint NFTs by purchasing MEME tokens. In exchange for staking, users earn compensation credits known as “pineapples” that are used to mint the NFT of their choice. MEME can also be used to bid on art auctions through the platform.
About DontBuyMEME PLATFORM
DontBuyMEME started as a grassroots, community-led project that quickly gained popularity at the end of DeFi summer 2020. MEME has been the catalyst for a renaissance in digital art, largely due to the enthusiastic community that has formed around it and educated participants in the crypto space about NFTs. The project continues to thrive today, curating world-famous artists and cultivating rising stars on the platform every week.

How did meme tokens meme POPULAR?
With the launch of Dogecoin in 2013, creating a cryptocurrency has become much easier, and meme tokens are tokens that can be quickly launched in the background or become popular due to their interactions with influencers. For example, in May 2021, Facebook CEO Mark Zuckerberg shared a picture of his pet goats as “My goats: Max and Bitcoin.” After Zuckerberg's post, a meme token called Aqua Goat increased its value by approximately 300%. Another such example was when Elon Musk tweeted that if there was a scandal about him, it should be called “Elongate”, and an ELONGATE token was also launched within an hour.

How to buy meme coins anda token ?
Buying meme coins is done the same way as buying any other cryptocurrency. The first thing to do to buy Meme coins is to register on an exchange platform and buy coins with fiat money or trade with other cryptocurrencies. Meme coins are available on most major exchange platforms. Dogecoin, the leading meme coin, is available for trading on many cryptocurrency exchanges. Nipple tokens tend to be available in a more limited range of exchanges. For example, Shiba Inu (SHIB) can be traded on decentralized exchanges (DEXs). Safemoon (SAFEMOON), which is traded on the Binance Smart Chain network, can be traded on BSC-based DEXs. Meme coins or tokens are usually distributed to people when they are first released. Many small-cap meme tokens can only be found on DEXs and can only be purchased with other cryptocurrencies.

Difference of Meme Coins and Tokens from Other Cryptocurrencies Generally speaking, the value determinants of all cryptocurrencies have been strong community or influencer support, but meme tokens have gained popularity especially due to their association with influencers such as Elon Musk. For example, simply tweeting about a topic such as Baby Shark, a popular children's song, by the Tesla president to raise the price of the relevant meme tokens is enough to increase meme token values. It should also be known that meme token developers use advertising and promotional stunts to increase the price. The team behind the Shibu Inu (SHIB) project has decided to give half of all SHIB tokens to Ethereum co-founder Vitalik Buterin, but Buterin stated, “I do not want to be a center of power,” giving the proceeds to charity and requesting that projects not give him coins without his consent. . As of mid-June 2021, meme tokens accounted for approximately 2.8% of the crypto market cap, and the cryptocurrency industry is worth over $38 billion. Typically meme cryptocurrencies have a large circulating supply in the quadrillions. Meme coins are a type of cryptocurrency, but there is a big difference between cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB) and currencies like Bitcoin and Ethereum, and it has to do with how well they work. Major cryptocurrencies such as Bitcoin and Ethereum were developed to solve real-world problems. The goal is to gain widespread acceptance by traders, create a new decentralized currency, and revolutionize various industries. As stated, meme coins do not currently serve any purpose in real life, and many of the meme coins were created as a way to make quick money. Some of these coins have gained fame because they have been promoted by big influencer celebrities, and retail investors have increased their prices by promoting them heavily online. This is why meme coins tend to grow despite their shaky fundamentals.

Difference of meme coins and tokens from other
Cryptocurrencies Generally speaking, the value determinants of all cryptocurrencies have been strong community or influencer support, but meme tokens have gained popularity especially due to their association with influencers such as Elon Musk. For example, simply tweeting about a topic such as Baby Shark, a popular children's song, by the Tesla president to raise the price of the relevant meme tokens is enough to increase meme token values. It should also be known that meme token developers use advertising and promotional stunts to increase the price. The team behind the Shibu Inu (SHIB) project has decided to give half of all SHIB tokens to Ethereum co-founder Vitalik Buterin, but Buterin stated, “I do not want to be a center of power,” giving the proceeds to charity and requesting that projects not give him coins without his consent. . As of mid-June 2021, meme tokens accounted for approximately 2.8% of the crypto market cap, and the cryptocurrency industry is worth over $38 billion. Typically meme cryptocurrencies have a large circulating supply in the quadrillions. Meme coins are a type of cryptocurrency, but there is a big difference between cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB) and currencies like Bitcoin and Ethereum, and it has to do with how well they work. Major cryptocurrencies such as Bitcoin and Ethereum were developed to solve real-world problems. The goal is to gain widespread acceptance by traders, create a new decentralized currency, and revolutionize various industries. As stated, meme coins do not currently serve any purpose in real life, and many of the meme coins were created as a way to make quick money. Some of these coins have gained fame because they have been promoted by big influencer celebrities, and retail
investors have increased their prices by promoting them heavily online. This is why meme coins tend to grow despite their shaky fundamentals.
When the prices of meme coins rise, many investors soon sell the coins to make a quick profit. Since meme coins currently have no real utility, they are unlikely to continue to exist in the future. Investors switching to a new stock or cryptocurrency will likely bring a decline in the price of meme coins.