There's definitely no doubt Meme coins has been gaining lot of traction in the crypto space these days as a result of a just concluded DOGS airdrop, a telegram based airdrop built on the TON Blockchain which affected the $TON Network due to numerous airdrop participants.

Most Web3 Enthusiasts who learn and contribute into Web3 projects built on popular blockchain such as $BTC , $ETH and others through Social Mining were also able to take part in the massive DOGS airdrop program on Telegram. Aside from the fact that DOGS was launched on $TON Blockchain via Telegram, these set of Web3 Contributors (Social Miners) are always consistent within the telegram community which gives them more opportunity to stay updated with ongoing events on both TON Blockchain and Telegram.

Without wasting more time, let's delve into the concept of Memecoins and it effect on Cryptocurrency and Blockchain Technology.

What Are Meme Coins?

Meme Coins are any form of cryptocurrency named after animals, individuals, characters, artwork, or anything else in an attempt to be funny and attracting more user base by promising a fun community. This explains the reason behind some people defining Meme Coins as a "Joke" due to the character and features it portrays.

The Meme Coin journey began during the days of Dogecoin(DOGE) which now have a marketcap of over 10 Billion Dollars. The first ever Meme coin (DOGE) gained lot of attention such that Elon Musk had to tweet about it causing more buying pressure from users.

Ever since the successful launch of DOGE as a meme Coin, there are now over 10 million meme coins available in the Crypto space with different use cases and the good news is that these Meme coins are built using Blockchain Technology.

Unlike traditional cryptocurrencies, Meme coins can mostly be distinguished by it's huge supply making it hexadecimal in numbers as regards to it's worth provided more technical actions are taken by the team to reduce the supply by implementing a Token Burn system or other methods which makes the coin more worthy and valuable.

The Effect of Meme Coins in Cryptocurrency and Blockchain Technology

One of the major advantage of Meme Coin in the realm of Cryptocurrency and Blockchain Technology is it's ability to bring about mass adoption. There's definitely no doubt most of the increasing number of users we celebrate today in the crypto space are sometimes majorly from Meme coins project.

A recent example that can be used to explain this statement can be observed from the DOGS airdrop built on TON Blockchain. The existence of the DOGS airdrop didn't only bring about mass adoption, it also increased the number of Telegram users in the online space with over million of users claiming the DOGS Meme Coin airdrop.

Conclusion

In conclusion, Meme coins plays a significant impact in world of Cryptocurrency and Blockchain Technology as it has helped in mass adoption. Meme coins are now being utilized for different use cases such as Art, community rewards, Charity and other valuable use cases.

Thank you for your time and I hope you have a great day ahead with love from @hardaeborla ❤️💕❤️

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