The First Meme Coin 'Lucky Coin' Is Back
November 21, 2024
Lucky Coin, the first-ever meme coin and the first layer-1 meme blockchain, is back after an 11-year absence, reigniting excitement in the cryptocurrency community.
Lucky Coin was forked from Litecoin in 2013, and the coin offered random rewards to miners, providing a unique and unpredictable mining experience, paving the way for the emergence of the idea of meme coins.
In late 2013, Lucky Coin inspired Billy Markus and Jackson Palmer to create Dogecoin, which later became a cultural and financial phenomenon, with a market cap of over $20 billion.
According to the press release, Lucky Coin's return in October 2023 brought a significant boost in miner interest, while strengthening the surrounding community, reaffirming its long-standing place in the history of cryptocurrencies.
By November 2024, Lucky Coin had made significant progress through increased mining activity and expanded social presence, with the network's hash rate jumping from 45 THz to 1.37 PET, on par with its predecessor, Litecoin.
The coin has a limited supply, with only 13.98 million coins in circulation, with an estimated 8 million coins lost or dormant. The team argues that the limited supply of 20 million coins enhances its appeal as a high-reward, low-supply asset. This scarcity has helped drive its market cap to $40 million.
The supercycle thesis of meme coins, which predicts massive growth for culturally resonant community projects, positions Lucky Coin perfectly for future success.
As the first meme coin, Lucky Coin has deep roots and a strong historical foundation that makes it shine in the expanding digital market.
According to the press release, Lucky Coin is not just a piece of crypto history, it is the blockchain that started the meme coin movement, and its return opens the door to a new generation of crypto enthusiasts and innovators who could help drive further innovation in the crypto space.
