A COMPLETE GUIDE TO MEME COIN DEVELOPMENT – MEME COINS ARE $33 BILLION WORTH
Meme coin development: Cryptocurrency is becoming more prevalent globally as they are the future of money in the digital era. They provide efficient means of money transfer over the internet which is controlled by a decentralized network. Cryptocurrency is an alternative to fiat currencies which are controlled by the regulatory body.
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Bitcoin (BTC) and Ethereum (ETH) are the most posts popular and widely used cryptocurrencies. New coins entered the crypto space to try their luck. One such cryptocurrency is MEME Coin.
MEME COINS – PRECISELY
MEME coins are cryptocurrencies, they initially started as a joke, but due to the interest of investors and market raise, the crypto coin meme gained popularity. They are hyped by the retail investors and influencers. At present, the total worth of the MEME coin is $33 billion.
The value of cryptocurrencies has raised ever since Elon Musk started tweeting about them. So, one of his tweets went viral by driving a craze about meme coins crypto that lead investors to start buying MEME coins.
Usually, MEMEs are created as a part of the entertainment on social media and jokes, they don’t hold any value and they are not often used. MEME coin was created as a part of entertainment and joke in 2013. Billy Markus and Jackson created the original MEME coin which is a Dogecoin. To defeat the bitcoin, they created the new cryptocurrency which hit over a million visitors to the dogecoin website within the launch of its first month.
TOP MEME COINS
DOGECOIN (DOGE)
Software developers Jackson Plamer and Billy Markus have invented Dogecoin as a part of a joke. Since, Elon Musk tweet, the meme coins have become a serious proposition from 2019.
In the past few months, the value of the dog-themed cryptocurrency has continued to rise, reaching a market value of 9 billion U.S. dollars in January 2021. At present, Musk is working with the Doge developers to expand the platform. He is trying to optimize Dogecoin for payment for goods and services and reduce carbon footprint.
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