memecoindeelonmusk
273 views
4 Discussing
Hot
Latest
Meme Coins and Blockchain
Memes served as creative inspiration for communities, bringing into existence the also popular #MemeCoin . đȘ
In this week's research through #SocialMining , I learned about Meme Coins.
I invite you to read this article, I am sure that like me, you will learn something about the subject.
Meme Coins are highly volatile cryptocurrencies with little or no value in themselves. They are not like the major cryptocurrencies $BTC > $ETH > $BNB .
They gain popularity from the communities and influencers behind them. Investors are attracted to Meme Coins because of the possibility of acquiring high yields.
However they form a part of the cryptocurrency market with fast and unpredictable movements. Their behavior is not like Bitcoin and Altcoins, where traders and market analysts can study the charts and predict the next move.
The supply of a Meme Coin is very wide or unlimited, apart from the fact that it does not contemplate token burning, its vast supply makes it a very cheap coin.
Fun fact: Meme Coins are born in the middle of the COVID-19 pandemic.
Meme Coins are not born out of necessity, but out of the creativity of someone inspired by memes to bring a little humor and fun to the community.
The demand for these coins is based on:
- Popularity and virality
- Community and culture
- Accessibility and entertainment
- Potential for quick profits.
Coins such as Dogecoin $DOGE and Shiba Inu became popular because of their association with memes and the support of high profile individuals.
Meme Coins have communities focused on promoting their use, to this we add the social media culture that drives their adoption.
People visualize Meme Coins as a fun currency, which makes them attractive to many, and they go after them because their volatility allows them to see quick profits.
Meme Coins were not created to influence Blockchain technology, neither for mass adoption of cryptocurrencies, their purpose is humorous, the community behind these coins can redirect the goal and support serious Blockchain projects without losing their fun character. Let's look at the positive and negative aspects of Meme Coins.
Positives
- Adoption: They have brought many people increasing the number of crypto wallets and activity on the Blockchain.
But these people have no interest in Blockchain technology, serious projects nor are they Shareholders.
- Innovation and experimentation: New ideas are likely to emerge.
- Community: The communities that support Meme Coins are very active, collaborations can be established to help the growth of serious Blockchain ecosystem communities.
Negatives
- Volatility and risk: Its high volatility can cause losses, discouraging the investor.
Never invest what you cannot afford to lose.
- Scams: They are susceptible to scams, due to their condition of volatility and quick profits, damaging the user's trust in Blockchain technology and cryptocurrencies.
- Distraction from serious technology projects: Excessive focus on Meme Coins, distracts attention from the long-term potential of serious technology projects.
I don't have a favorite Meme Coin, I don't go after the mechanism in which these coins operate, but Dogecoin remains a favorite for the following reasons.
- It has the backing of a loyal and very active community.
- High profile individuals such as Elon Musk also support the coin. #memecoindeelonmusk
- Low transaction fees make it easy to use.
- It is a fun currency that appeals to many.
SocialMining is a service offered by @EnsarEsen to help grow communities and spread awareness of projects.
This publication is informative, always do your own research (DYOR).
Sources
-concepto punto de
meme-internet
https://academy.binance.com/es/articles/what-are-meme-coins
In this week's research through #SocialMining , I learned about Meme Coins.
I invite you to read this article, I am sure that like me, you will learn something about the subject.
Meme Coins are highly volatile cryptocurrencies with little or no value in themselves. They are not like the major cryptocurrencies $BTC > $ETH > $BNB .
They gain popularity from the communities and influencers behind them. Investors are attracted to Meme Coins because of the possibility of acquiring high yields.
However they form a part of the cryptocurrency market with fast and unpredictable movements. Their behavior is not like Bitcoin and Altcoins, where traders and market analysts can study the charts and predict the next move.
The supply of a Meme Coin is very wide or unlimited, apart from the fact that it does not contemplate token burning, its vast supply makes it a very cheap coin.
Fun fact: Meme Coins are born in the middle of the COVID-19 pandemic.
Meme Coins are not born out of necessity, but out of the creativity of someone inspired by memes to bring a little humor and fun to the community.
The demand for these coins is based on:
- Popularity and virality
- Community and culture
- Accessibility and entertainment
- Potential for quick profits.
Coins such as Dogecoin $DOGE and Shiba Inu became popular because of their association with memes and the support of high profile individuals.
Meme Coins have communities focused on promoting their use, to this we add the social media culture that drives their adoption.
People visualize Meme Coins as a fun currency, which makes them attractive to many, and they go after them because their volatility allows them to see quick profits.
Meme Coins were not created to influence Blockchain technology, neither for mass adoption of cryptocurrencies, their purpose is humorous, the community behind these coins can redirect the goal and support serious Blockchain projects without losing their fun character. Let's look at the positive and negative aspects of Meme Coins.
Positives
- Adoption: They have brought many people increasing the number of crypto wallets and activity on the Blockchain.
But these people have no interest in Blockchain technology, serious projects nor are they Shareholders.
- Innovation and experimentation: New ideas are likely to emerge.
- Community: The communities that support Meme Coins are very active, collaborations can be established to help the growth of serious Blockchain ecosystem communities.
Negatives
- Volatility and risk: Its high volatility can cause losses, discouraging the investor.
Never invest what you cannot afford to lose.
- Scams: They are susceptible to scams, due to their condition of volatility and quick profits, damaging the user's trust in Blockchain technology and cryptocurrencies.
- Distraction from serious technology projects: Excessive focus on Meme Coins, distracts attention from the long-term potential of serious technology projects.
I don't have a favorite Meme Coin, I don't go after the mechanism in which these coins operate, but Dogecoin remains a favorite for the following reasons.
- It has the backing of a loyal and very active community.
- High profile individuals such as Elon Musk also support the coin. #memecoindeelonmusk
- Low transaction fees make it easy to use.
- It is a fun currency that appeals to many.
SocialMining is a service offered by @EnsarEsen to help grow communities and spread awareness of projects.
This publication is informative, always do your own research (DYOR).
Sources
-concepto punto de
meme-internet
https://academy.binance.com/es/articles/what-are-meme-coins
See original
#memecoindeelonmusk
Recently published data indicates that the Solana ecosystem received almost half a million new tokens created and launched on its network during the last month, consolidating itself as one of the most active Blockchains.
tokens on Solana
According to data shared by The Block, the Solana network received some 455,000 new tokens created in May this year, a figure that far exceeds the 177,000 assets launched on Base, and the 39,000 that BNB Chain received.
In this regard, the head of strategy at the Solana Foundation, Austin Federa, emphasized that the network has characteristics that position it as an excellent option for this purpose, such as its fast processing of operations and low costs:
âThe increase in mass token creation on Solana is a consequence of these features, bringing the cost of experimentation and creating new ideas to almost zero. Tokens on Solana should be as easy to create as content on the Internet,â Federa said.
In relation to the high flow of new tokens, the research details that the majority of these assets are mainly memecoins, coins based on memes whose value depends on speculative factors. The researchers indicate that those behind these projects are possibly trying to replicate the success of initiatives such as Dogwifhat (WIF) or Bonk (BONK), which at the time derived significant profits for their users.
Regarding the proliferation of memecoins, The Block's investigation points to the site Pump.fun, a platform that allows people to create tokens in very few steps, making the process easy, simple and intuitive. Several tokens have come out of there that have enjoyed some success in recent days.
The publication of this data comes a couple of months after a report from the firm Blockaid alleged that at least 50% of pre-sales of new tokens on the Solana network are basically fraudulent offers.
Recently published data indicates that the Solana ecosystem received almost half a million new tokens created and launched on its network during the last month, consolidating itself as one of the most active Blockchains.
tokens on Solana
According to data shared by The Block, the Solana network received some 455,000 new tokens created in May this year, a figure that far exceeds the 177,000 assets launched on Base, and the 39,000 that BNB Chain received.
In this regard, the head of strategy at the Solana Foundation, Austin Federa, emphasized that the network has characteristics that position it as an excellent option for this purpose, such as its fast processing of operations and low costs:
âThe increase in mass token creation on Solana is a consequence of these features, bringing the cost of experimentation and creating new ideas to almost zero. Tokens on Solana should be as easy to create as content on the Internet,â Federa said.
In relation to the high flow of new tokens, the research details that the majority of these assets are mainly memecoins, coins based on memes whose value depends on speculative factors. The researchers indicate that those behind these projects are possibly trying to replicate the success of initiatives such as Dogwifhat (WIF) or Bonk (BONK), which at the time derived significant profits for their users.
Regarding the proliferation of memecoins, The Block's investigation points to the site Pump.fun, a platform that allows people to create tokens in very few steps, making the process easy, simple and intuitive. Several tokens have come out of there that have enjoyed some success in recent days.
The publication of this data comes a couple of months after a report from the firm Blockaid alleged that at least 50% of pre-sales of new tokens on the Solana network are basically fraudulent offers.
đłLos crios que no saben nada vs nosotros đđ#BecomeCreator #MemeWatch2024 #MemeCoinRevolution #memecoindeelonmusk #MarketDownturn
See original
Let's not leave aside #milady , the #memecoindeelonmusk that will lead us to rub shoulders with the prince of #dubai