{"id":1405,"date":"2022-10-20T04:19:57","date_gmt":"2022-10-20T04:19:57","guid":{"rendered":"https:\/\/digitalcoinprice.com\/blog\/?p=1405"},"modified":"2023-04-03T09:22:16","modified_gmt":"2023-04-03T09:22:16","slug":"you-need-to-know-about-meme-coins","status":"publish","type":"post","link":"https:\/\/digitalcoinprice.com\/blog\/you-need-to-know-about-meme-coins","title":{"rendered":"Everything You Need to Know About Meme Coins [Beginner\u2019s Guide]"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-flat ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #223c50;color:#223c50\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #223c50;color:#223c50\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/digitalcoinprice.com\/blog\/you-need-to-know-about-meme-coins\/#What_is_a_Meme_Coin\" title=\"What is a Meme Coin?\">What is a Meme Coin?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/digitalcoinprice.com\/blog\/you-need-to-know-about-meme-coins\/#What_Are_the_Main_Characteristics_of_Meme_Coins\" title=\"What Are the Main Characteristics of Meme Coins?\">What Are the Main Characteristics of Meme Coins?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/digitalcoinprice.com\/blog\/you-need-to-know-about-meme-coins\/#Why_Are_Meme_Coins_Popular\" title=\"Why Are Meme Coins Popular?\">Why Are Meme Coins Popular?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/digitalcoinprice.com\/blog\/you-need-to-know-about-meme-coins\/#What_Are_the_Top_Meme_Coins\" title=\"What Are the Top Meme Coins?\">What Are the Top Meme Coins?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/digitalcoinprice.com\/blog\/you-need-to-know-about-meme-coins\/#1_Dogecoin_DOGE\" title=\"1. Dogecoin (DOGE)\">1. Dogecoin (DOGE)<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/digitalcoinprice.com\/blog\/you-need-to-know-about-meme-coins\/#2_Shiba_Inu_SHIB\" title=\"2. Shiba Inu (SHIB)\">2. Shiba Inu (SHIB)<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/digitalcoinprice.com\/blog\/you-need-to-know-about-meme-coins\/#3_Battle_Infinity_IBAT\" title=\"3. Battle Infinity (IBAT)\">3. Battle Infinity (IBAT)<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/digitalcoinprice.com\/blog\/you-need-to-know-about-meme-coins\/#How_Do_I_Invest_in_a_Meme_Coin\" title=\"How Do I Invest in a Meme Coin?\">How Do I Invest in a Meme Coin?<\/a><\/li><\/ul><\/nav><\/div>\n<p><span style=\"font-weight: 400;\">Meme coins have certainly <\/span><b>caused quite a stir in the crypto space<\/b><span style=\"font-weight: 400;\"> since the first meme token, DOGE, was established in 2013. Since then, there have been hundreds of meme coins created, with plenty of traders investing and hoping to make a profit. These meme-based coins have unique characteristics that make them<\/span><b> stand out from typical cryptocurrencies,<\/b><span style=\"font-weight: 400;\"> but what makes them so popular among investors?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Many investors are already familiar with the term &#8211; fear of missing out (FOMO), but meme coins seem to take this to a whole new level. After being publicly endorsed by celebrity figures, meme coins quickly become an <\/span><b>attractive investment for traders.<\/b><span style=\"font-weight: 400;\"> Additionally, with <\/span><b>uncapped supplies and low-value token costs<\/b><span style=\"font-weight: 400;\">, meme coins are particularly appealing to newer traders.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019re planning to invest in certain meme coins, then you need to understand their key characteristics. Keep reading to<\/span><b> discover all you need to know about meme coins!\u00a0\u00a0<\/b><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_is_a_Meme_Coin\"><\/span><strong>What is a Meme Coin?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A meme coin is a<\/span><b> type of cryptocurrency<\/b><span style=\"font-weight: 400;\"> that has been inspired by a <\/span><a href=\"https:\/\/en.wikipedia.org\/wiki\/Internet_meme\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">meme<\/span><\/a><span style=\"font-weight: 400;\">. This can be humor that has been captured in an image, video, or another form of media. Meme coins typically differ from standard crypto coins as they<\/span><b> often lack any purpose<\/b><span style=\"font-weight: 400;\"> and are simply designed to be shared. These coins also generally have uncapped supplies, making them extremely volatile, which is what makes them appealing to many traders. Other than this, meme coins are similar to standard cryptocurrencies and can be traded through crypto exchanges.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Popular meme coins were first designed to be a <\/span><b>fun alternative to mainstream cryptocurrency,<\/b><span style=\"font-weight: 400;\"> and some, such as Dogecoin, were created simply to mock the crypto-related hype. Now, as more meme coins are entered into circulation, creators have specific projects and purposes in mind, leading to meme tokens being created for charities, video games, and online marketplaces. Even <\/span><b>certain businesses are now accepting meme coins,<\/b><span style=\"font-weight: 400;\"> including Tesla, GameStop, AMC Entertainment, and Nordstrom, with more expected to follow in the coming years.\u00a0\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_Are_the_Main_Characteristics_of_Meme_Coins\"><\/span>What Are the Main Characteristics of Meme Coins?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Here are some characteristics of meme coins that can distinguish them from other cryptocurrencies (note that these characteristics do not necessarily apply to <\/span><i><span style=\"font-weight: 400;\">all <\/span><\/i><span style=\"font-weight: 400;\">meme coins):\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Meme coins are inspired by viral media\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Meme coins have a high or unlimited supply\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Meme coins are heavily driven by communities\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Meme coins have a low value per token\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Meme coins are very volatile\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Meme coins have little to no real-world uses\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Meme coins do not have a \u2018burn\u2019 mechanism\u00a0<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Why_Are_Meme_Coins_Popular\"><\/span>Why Are Meme Coins Popular?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Similar to memes themselves, <\/span><b>meme coins have been created to go viral.<\/b><span style=\"font-weight: 400;\"> With celebrities like Elon Musk displaying support for certain meme coins, investors have flocked toward them, <\/span><b>fueled by the fear of missing out<\/b><span style=\"font-weight: 400;\"> (also known as FOMO).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, since they have such a low value per token, meme coins are often appealing to traders who want to <\/span><b>diversify their portfolios<\/b><span style=\"font-weight: 400;\">. However, these coins are considered a <\/span><b>high-risk investment<\/b><span style=\"font-weight: 400;\"> due to their extreme volatility and uncertain future in the crypto space.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_the_Top_Meme_Coins\"><\/span><strong>What Are the Top Meme Coins?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">A wide array of meme coins compete in the crypto world, but few are actually well-known in the community. Here is a list of the most popular meme coins that you may want to consider investing in:\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Dogecoin_DOGE\"><\/span><strong>1. Dogecoin (DOGE)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Established in 2013 and holding the title of the \u2018original\u2019 meme coin, Dogecoin has undoubtedly stirred up the cryptocurrency community over the past few years. The creators of this coin claim that it was made as a joke to mock the hype that was surrounding cryptocurrencies.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, this coin, which was based on the Japanese dog breed, Shiba Inu, generated a loyal community and made a significant impact on the crypto world. DOGE peaked around 2017 but still saw an uprise in investors after Elon Musk openly supported the coin through a <\/span><a href=\"https:\/\/www.indiatimes.com\/worth\/news\/top-crypto-tweets-by-elon-musk-in-2021-558035.html\" rel=\"nofollow noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">series of tweets in 2021<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Shiba_Inu_SHIB\"><\/span><strong>2. Shiba Inu (SHIB)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">SHIB is a popular alternative meme coin to Dogecoin that was even considered the \u201cDogecoin killer\u201d by supporters. Created in 2020 by an anonymous group with the pseudonym, Ryoshi, Shiba Inu is built on and powered by the Ethereum network. SHIB was designed to be the first token that is 100% run by its community (known as the Shib Army) and began with a supply of 1 quadrillion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Similar to Dogecoin, Shiba Inu quickly rose in popularity, partly due to being openly supported by Elon Musk on Twitter. The coin peaked in late 2021 but has still kept its place as one of the most well-known and valuable meme coins.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Battle_Infinity_IBAT\"><\/span><strong>3. Battle Infinity (IBAT)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This coin is a new competitor in the meme coin races that has already stirred up a storm in the crypto space. Battle Infinity is a gaming platform where players can compete in P2E (play-to-earn) games to receive rewards. On the platform\u2019s decentralized exchange, Battle Swap, players can purchase the native token &#8211; IBAT, or convert their rewards into other currencies.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Battle Infinity team claims that the token is designed to make the user experience efficient, seamless, and immersive. This token has a range of real-world uses, and since the platform integrates gaming with the <\/span><a href=\"https:\/\/www.wired.com\/story\/what-is-the-metaverse\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">VR metaverse<\/span><\/a><span style=\"font-weight: 400;\"> experience, Battle Infinity has a lot of potentials. However, we\u2019re sure that over the next few years, there will be an uprise of new contenders in the crypto gaming market.\u00a0\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_Do_I_Invest_in_a_Meme_Coin\"><\/span><strong>How Do I Invest in a Meme Coin?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Investing in a meme coin is the same as investing in other cryptocurrencies. If you\u2019re new to crypto trading, then we suggest that you <\/span><b>sign up for a platform that will connect you with a licensed broker<\/b><span style=\"font-weight: 400;\">. However, you need to first check that the platform supports whichever mem coins you want to invest in. <\/span><a href=\"https:\/\/bitcoin-up.io\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Bitcoin Up is an excellent example of a feature-rich crypto platform<\/span><\/a><span style=\"font-weight: 400;\"> that supports meme tokens. After creating an account, you\u2019ll be assigned a top-tier broker who will offer various tools and resources to help you<\/span><b> build your crypto portfolio.\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">This is recommended for beginner traders in particular as it can help reduce poor financial decisions and other trading mistakes. If you\u2019re still unsure, then you can make use of a demonstration account that allows you to<\/span><b> trade with dummy funds <\/b><span style=\"font-weight: 400;\">on the market, so you don\u2019t risk losing your own money. After you\u2019ve built up some confidence, you can <\/span><b>start trading your chosen meme coins <\/b><span style=\"font-weight: 400;\">with the guidance of your trusted broker!\u00a0<\/span><\/p>\n<p><strong>To Conclude\u00a0<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Meme coins are a<\/span><b> fascinating phenomenon<\/b><span style=\"font-weight: 400;\">, to say the least. From the first days of Dogecoin, meme coins have secured their own space in the crypto world and are gradually becoming even more mainstream. However, although there are hundreds of meme coins in circulation, only a select few end up skyrocketing, such as the most popular coins, DOGE, SHIB, and IBAT. But, if you\u2019re a crypto trader who wants to diversify your portfolio at a low cost or you\u2019re interested in trading highly volatile assets, then <\/span><b>meme coins could be a fantastic option for you.\u00a0<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The crypto community has been flooded with meme coins, epically over the past few years, and although top contenders such as DOGE are no longer at their peak, there is still a steady growth incline. They can be <\/span><b>considered high-risk investments,<\/b><span style=\"font-weight: 400;\"> but that is part of the attraction. Even better, throughout recent years, more meme coins have been created for a specific purpose, and even large companies are beginning to accept them as currencies. So, to conclude, <\/span><b>although the future of meme coins is unclear, it certainly is promising.\u00a0 <\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meme coins have certainly caused quite a stir in the crypto space since the first meme token, DOGE, was established in 2013. Since then, there have been hundreds of meme coins created, with plenty of traders investing and hoping to make a profit. These meme-based coins have unique characteristics that make them stand out from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1406,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-1405","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news-updates"],"_links":{"self":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/1405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/comments?post=1405"}],"version-history":[{"count":3,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/1405\/revisions"}],"predecessor-version":[{"id":2684,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/1405\/revisions\/2684"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media\/1406"}],"wp:attachment":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media?parent=1405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/categories?post=1405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/tags?post=1405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}