The Surge of Meme Coins: Hype or Hope?
Meta Description: Meme coins are a type of cryptocurrency that evolved from internet memes, popular culture references, or just plain funny ideas
Meme coins are a type of cryptocurrency that evolved from internet memes, popular culture references, or just plain funny ideas. Unlike typical cryptocurrencies, very often meme coins have no purpose at all but to represent a community or cultural phenomenon.
Nonetheless, the momentum in using meme coins has gradually picked up over the years. The new meme coin developers have increased with the popularity of the existing ones.
How Did Meme Coins Originate?
The very first meme currency appeared in December 2013 and is currently known as the popular Dogecoin.
Dogecoin was invented by two software programmers, Billy Markus, and Jackson Palmer, as peer-to-peer digital currency for an expanded audience compared to Bitcoin. The newly generated token was modeled after the then-popular Doge meme, which pictures a Shiba Inu dog with Comic Sans lettering reflecting the internal dialogue of the dog.
It was a carefree approach to the creation of a new cryptocurrency, in huge contrast to how other digital coins, like Bitcoin and Ethereum, were created sometimes seriously and technically.
The process of creating meme coins is similar to other cryptocurrencies.
The developers select a blockchain platform, sometimes through "forking," which means making a copy and changing the code of some existing coin. After that, the developers add a meme or any other theme that will be used
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