What are Meme coin ?
Cryptocurrencies known as meme coins are often inspired by jokes or memes seen on the internet and social media. The first such coin, Dogecoin (DOGE), was created in 2013 as a parody. It was inspired by the popular Doge meme featuring a Japanese Shiba Inu dog. They are mostly used as speculative investments and are not meant to be used as actual currency.
The meme economy is rapidly growing. The value of meme coins is up over 12% over last year, while Bitcoin and Ethereum are still down more than 80% over the same timeframe.
Why meme coins are so popular?
When COVID-19 hit, a lot of people were caught off-guard by the panic that ensued. This included the crypto community, with many altcoins getting severely short-changed in the process.
There are a few reasons why meme coins have become so popular. First they’re often seen as a more fun and lighthearted alternative to other cryptocurrencies. This is especially appealing to people who are new to the space and may be put off by the more serious tone of some projects.
Second many of these coins have low prices which makes them more accessible to a wider range of people. This also means that there’s less risk involved in buying them which can be appealing to those who are looking to invest in cryptocurrency but don’t want to risk losing a lot of money.
Finally, the volatile nature of the cryptocurrency market means that investors are always on the lookout for new opportunities, and meme coins provide a unique opportunity to profit from the popularity of internet culture.
Overview of leading meme coin in 2022
Dogecoin is a cryptocurrency based on an internet meme of the Shiba Inu dog.
Dogecoin is a decentralized, peer-to-peer digital currency that enables you to easily send money online. Dogecoin uses a simplified version of the Bitcoin protocol and features such as faster transaction times (approximately 1 minute) and increased difficulty in generating coins to limit the number of coins generated with each block. Dogecoin provides lower transaction fees than Bitcoin, for both miners and users.
Shiba Inu (SHIB)
In previous years there is a famous dog named Shiba Inu and this dog image in the crypto attracted the investors to invest in crypto.
Shiba Inu has developed anonymously in the august 2020 unknown person named “RYOSHI”. ”Ryoshi” Means a group of persons not just an individual. Shiba Inu is an altcoin for dogecoin and which itself is a bitcoin. SHIB quickly gained the speed and a value of investors by getting lovable headlines and tweets from great personalities like Elon Musk and Vitalik Buterin.
Shiba Inu also has a very active community on social media. The coin has a Twitter account with over 400,000 followers and an active Telegram group with over 8,000 members. This community helps to generate interest and awareness of the coin, which could lead to more people buying it.
Buff DogeCoin (DOGECOIN)
Buff Dogecoin is a cryptocurrency that was created as a parody of the popular cryptocurrency, Dogecoin. It is based on the Doge meme, which features a Shiba Inu dog. The coin was built in 2014, and its logo is a combination of the Doge meme and the Bitcoin logo. Buff Dogecoin has a supply of 100 billion coins, and its price is currently $0.0001.
Buff Dogecoin is a new cryptocurrency that offers several benefits over other coins. First, it is backed by a real currency, the US dollar. This means that its value is more stable than other coins. Second, it has a lower transaction fee than most coins. Finally, it offers security features that make it difficult for hackers to steal your coins.
Saitama Inu (SAITAMA)
Saitama Inu is a new cryptocurrency that has a lot of potentials. It is based on the Ethereum blockchain and has a unique algorithm that allows for fast and secure transactions. The benefits of Saitama Inu include its low transaction fees, its anonymity, and its ability to be used anywhere in the world
How to buy meme coins on Koinbazar ?
Follow the below steps to buy Meme coin,
1. Create a crypto trading account with Koinbazar global cryptocurrency exchange platform
2. Complete your KYC Verification Process
3. Add your Bank Account
4. Start to buy memecoins in different markets on Koinbazar.