Memes and comedy have slowly infiltrated the cryptocurrency industry, proving that laughter is the best medicine… and the best investment strategy. Marketers have realised that stock charts and confusing financial jargon won’t win over crypto fence-sitters but the humour might! This precisely explains the rise and popularity of meme coins.
From Shiba Inu dogs to crude frog drawings to 80’s nostalgia, meme coins have tried to hit every niche to attract a wider audience. In this article, we look at three meme coins using the power of funny to win over even the most uptight sceptic.
Such Prices, Much Funny: Dogecoin
Meet the court jester who got crowned king! Dogecoin (DOGE) was created to poke fun at cryptocurrencies but it became a serious investment along the way.
Legends say Dogecoin was born from the minds of software engineers Jackson Palmer and Billy Markus, who wanted to mock the idea of buying a digital asset with no real value. But lo and behold, Dogecoin became the thing it swore to destroy, and it might not’ve been a bad thing.
Dogecoin has caught the eye of several celebrities, including Tesla CEO and fellow Shiba Inu lover Elon Musk, KISS legend Gene Simmons, and rapper Snoop Dogg (who’d have thought?)
Elon Musk’s tweets often propel Dogecoin to new heights, going up a hundred percent at one point. Dogecoin ranks number 8 on CoinMarketCap and has a market cap of almost $10 billion.
Croaking and Ribbeting: Pepe Coin
Remember Pepe the Frog? What if I told you he’s a cryptocurrency now? Based on Matt Furie’s cartoon frog character, PEPE Coin was created in mid-April 2023 to be ‘the most memeable meme coin in existence.’
Less than three weeks later, PEPE would go on to have a market cap of $420 million and hopped into the list of the top 100 cryptocurrencies.
What can this meme coin superstar do, you ask? Well, not a whole lot. According to the PEPE Coin website, ‘PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only.’
The total token supply of PEPE Coin is 420.69 (get it?!) trillion. And while the token is essentially useless, people who purchased the PEPE early thanked the lucky stars they did. One investor even managed to pull in $1.02 million from a purchase of $250 in PEPE tokens in just a few days. We can only wish to get our hands on the crystal ball of riches they had!
Wax On, Wax Off: DogeMiyagi
Move over, Dogecoin! There’s a new older and wiser Doge in town, and he’s here to teach you the ways of the meme coin world. Mr DogeMiyagi (based on Daniel-san’s master, of course) apparently fought the war on cryptocurrencies alongside Satoshi Nakamoto.
DogeMiyagi (MIYAGI) is an ERC-20 meme token that’s here to crane-kick its competitors out of the game. With a focus on community and decentralisation, the Miyagi token has already raised about $165k in its presale.
Mr DogeMiyagi has big plans in store for his loyal students, including a DAO and an NFT collection. And if you purchase some of the master’s tokens, you get a referral code that allows you to earn even more tokens!
Meme coins bring fun and quirkiness to the game, but it’s important to remember they’re highly volatile, even more so than traditional cryptocurrencies. And unfortunately, there’s no crystal ball to tell us what coins will sink or swim, so do your due diligence and be careful out there!
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