Old vs. New Memecoins Is Utility the Key Difference

  • Memecoins have grown significantly among other crypto classes.

  • The memecoins market cap is almost $50 billion.

  • Classic memecoins have found use cases that are beyond market speculation.

Memecoins have exploded in popularity, carving out a unique niche in the crypto market. From their humorous origins, they’ve evolved into a significant investment sector with a market cap approaching $50 billion. This article explores the evolution of memecoins, comparing the classic memecoins like Dogecoin, Shiba Inu, and FLOKI with the relatively newer PEPE, SUNDOG, MEW, and NEIRO.

The memecoin market cap is nearly $50 billion, comprising both established and new memecoins. While all memecoins share a common thread of humor and community, they differ significantly in their development, utility, and market behavior. These differences often stem from when they emerged and how users have interacted with them over time.

Classic Memecoins: Beyond Speculation

Classic memecoins like Dogecoin (DOGE), Shiba Inu (SHIB), and Floki Inu (FLOKI) represent the old guard, driving the initial wave of memecoin adoption. Take Dogecoin, often considered the original memecoin; it has found…

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