Memecoin is a cryptocurrency inspired by Meme. Memes are often images, videos, and texts that are often copied and spread on the internet. Here are some important points about Memecoin:
Features of Memecoin:
Unlimited purpose: Memecoin was not created to solve a specific problem or serve a purpose.
Large or unlimited quantity: Usually Memecoin has very large or unlimited quantity.
Cheap: Memecoins are often very cheap, costing only a fraction of a cent, allowing people to own large amounts for little money paid.
High price volatility: Memecoin's price is often highly volatile, creating a high level of investment risk.
Memecoin review and analysis:
Investment risk: Memecoin has a high level of risk because it often has no specific use. You should keep a small portion of Memecoin in your portfolio.
Search for Memecoin projects: You can visit websites like Coinmarketcap or Coingecko to search and research Memecoin coins.
Basic Check: To check if a Memecoin is a fraud, you should visit the coin's official website, look for news, and look at the coin's distribution.
As far as I can see, DOGECOIN and SHIB are the two memecoins that are held by the most HOLDER, because:
1/ Dogecoin (DOGE) is a cryptocurrency created in 2013. It was initially created as a joke about cryptocurrency, but later became quite popular with the coin fan community encryption1. Based on the image of âDogeâ on the internet, Dogecoin has a symbol of a Shiba Inu. This project is developed from Litecoin's source code, with the only difference being in brand and major offering2.
Currently, Dogecoin price is $0.152701 USD, with a 24-hour trading volume of $1,202,999,096 USD. Dogecoin is ranked 9th on CoinMarketCap, with a current market capitalization of $22,038,535,784 USD3. If you want to learn more, you can visit Dogecoin's official website here to discover more about its history, features, and how to join its exciting community
2/ Shiba Inu (SHIB) is a cryptocurrency created in 2020 by an anonymous person named Ryoshi. This project was inspired by the image of âDogeâ on the internet and has attracted the attention of the cryptocurrency fan community1. Here are some important points about SHIB:
SHIB basics:
SHIB is built on the Ethereum platform, helping to increase scalability.
Large quantity: SHIB has large quantity, similar to Dogecoin.
The development of âShib Armyâ: The âShib Armyâ community has contributed to the development of SHIB.
Vitalik Buterin burned 40% of the total SHIB supply: This has generated huge attention and increased the value of SHIB in 2021.
Uses and features:
NFT âartistic Shiba movementâ: SHIB has implemented several NFT use cases.
Charity campaign: SHIB launched a campaign through AmazonSmile to raise donations for rescues of actual Shiba Inu dogs.
Technical analysis:
Currently, SHIB price is 0.00002508 USD, with a 24-hour volatility of 2.08%1.
Technical indicators such as Moving Averages, Oscillators and Pivots are being monitored to evaluate the price trend of SHIB
Strengths of the Shiba Inu project:
Strong Community: Shiba Inu has a large supportive community that contributes to project development and promotion.
Decentralization: Shiba Inu operates on the Ethereum blockchain, using smart contracts for transactions and governance.
Outstanding technology:
Shiba Inu is an ERC-20 token created on the Ethereum blockchain, allowing integration with many other applications and projects.
Project introduced Shiba AI (S.A.R.A.H.), promises to improve community interaction and support projects in the ecosystem with humor and safety for users
Reference information about MEMECOINS is available on Binance This
#MemeWatch2024
