Meme coins are not real money

Meme coins are originated as jokes or memes, but like all other form of popular currency, gain popularity through social media. Dogecoin (DOGE) and Shiba Inu (SHIB) are some of the meme coins that have attained public attention.

Why meme coin are not easy money?

A meme coin is the cryptocurrency that begins as an internet meme or joke. This usually popularizes from the buzz of social media and public support. There are examples such as DOGE, or Dogecoin, and SHIB, or Shiba Inu. They often become widely known through memes, celebrity endorsements, or trending news.

•Meme coins usually have no intrinsic value, practical utility, or robust technical foundation in contrast to such well-established cryptocurrencies as Bitcoin or Ethereum, which are by nature speculative. Although it is possible for meme coins to produce huge short-term profits, the money that can be generated this way is never an easy way of getting rich. Extremely volatile, they may skyrocket because of hype and crash at least as dramatically, causing tremendous losses.
• Many meme coins have no practical use in the real world. They only exist through speculation and hype, making their value not predictable. They are susceptible to pump-and-dump schemes where prices are inflated artificially and then dumped, often harming uninformed investors.
•The market is dominated by meme coins, many of which fail to go the distance, and lack of regulation makes it a perfect breeding ground for scams. The lack of strong fundamentals makes meme coins generally not viable in the long term, meaning investors who come in at late stages are left in an unfavorable position. While the appeal of quick money might seem enticing, investing in meme coins is risky and needs significant research and caution.

Top meme coins

Meme coins are coins inspired by internet memes and popular culture. They find massive popularity in communities and the Internet due to social media influences. Though they are popular in virtue of their viral effect, they are highly speculative with a risk factor in it. The most popular meme coins are Dogecoin (DOGE), with strong community and association with Elon Musk, and Shiba Inu (SHIB), having built up significant utility through initiatives such as Shibarium and ShibaSwap.

Last but not least, there’s Pepe Coin (PEPE), inspired by internet-famous frog memes, and newer entrants in the space, like Bonk (BONK), which is associated with Solana blockchain. The distinctive projects that stand out from the crowd, such as Simon’s Cat and Non-Playable Coin, are incorporating features such as NFTs and metaverse with their product

There’s a certain attraction with this type of coin. Since meme coins have volatility regarding prices, besides having no inherent value, it means their investment would be subjected to the potential of extreme loss. source https://en.wikipedia.org/wiki/Meme_coin

Solana meme coins

Solana has emerged as the most popular blockchain for meme coins, with its speed and low transaction costs. The most popular meme coins on Solana include:
1. Bonk (BONK): This was the first big meme coin on Solana, which was aimed at empowering the community and de-risking venture capital dependency. It offers integrations across gaming, DeFi, and NFTs, and has unique features such as no-loss lotteries and staking options. Its early success has made Bonk a staple in the Solana ecosystem.
2.Dogwifhat (WIF): Released in 2023, Dogwifhat is the smallest minimalistic token with a logo that is a dog with a hat. Although Dogwifhat is entirely useless, its niche and speculative nature have garnered great enthusiasm.
3.Pepe Unchained (PEPU): Pepe Unchained is yet another token that has taken cues from the original Pepe meme. It emphasizes high returns and community involvement by making a huge growth in the first few months.
4.Book of Meme (BOME): Creatively speaking, this will archive the internet meme culture. Not to forget, it plays with decentralised storage using NFTs. Fore more articleshttps://usavartalu.com/