It was a completely new phenomenon to see meme coins rise in the crypto space. Many people have wondered why these tokens are so popular in 2021.
The crypto space will experience something very interesting in 2021. The market is flooded by memes. These memes tags are now being converted into cryptocurrency, and people seem to be buying into them!
This article will explain the rise and popularity of the meme token. We'll also tell you about the most popular cryptocurrencies, as well as give you all the details on how to get them. Continue reading to learn more.
What are Meme Tokens?
Meme coins are basically cryptocurrencies that were inspired by jokes (i.e. Memes) are essentially cryptocurrencies that are inspired by jokes (i.e. Dogecoin is the first and most well-known cryptocurrency of this type. It was launched in 2013. DOGE was originally created to be a parody. However, it's a highly successful cryptocurrency today.
These crypto options are often dismissed as a joke. Many investors think they shouldn't be treated this way. These meme tokens have performed well in cryptocurrency, and many people have made a lot of money with them.
The only thing that distinguishes meme coins from "proper" crypto options such as Bitcoin and Ethereum, is the fact that the latter was designed to solve real-world problems. Therefore, they can be used in real life. Meme coins on the other side have no utility or purpose at present.
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The Rise of the Meme Coin
Meme coins are expected to increase in both value and variety by 2021. The market for meme coins is growing rapidly after the success of Dogecoin and the acceptance of crypto generally. They are popular because of their connections to celebrities and social media influencers. The public's interest in the coins is growing rapidly because these celebrities are paid to promote them. Many believe that meme coins are a result of Elon Musk's support for DOGE.
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Popular Meme Tokens
We could not possibly list all the meme tokens - there are more than 90! Below is a list of the most popular crypto-memes.
Dogecoin (DOGE).
This meme coin is based on the meme of a Shiba Inu Japanese dog. It was created by two software developers in 2013 and has been supported by big names such as Elon Musk.
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Safemoon (SAFEMOON).
Safemoon was established in March 2021. It is completely community-driven. Safemoon coins are unique because they have incorporated a feature in their protocol that demonetizes the selling of native tokens.
Shiba Inu (SHIB)
This token was created in April 2021. According to the official website Shiba Inu was "an experiment in decentralized spontaneous community building". It should not be confused with DOGE as they are two different coins.
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MonaCoin (MONA).
MONA is based upon a meme featuring a cat-looking character that was created anonymously. Japan's Financial Service Agency approves the token, which has a maximum supply limit of 105 millions.
HogeFinance, (HOGE)
HOGE combines the aspects of yield farming and memes, and it hopes to make full use of ETH’s DeFi infrastructure.
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We haven't covered many other cryptocurrency tokens. Pepe Cash is one of these.
How to Buy Meme Coins
Meme coins can be purchased in the same way as any other cryptocurrency. Register on an exchange platform to buy or trade coins with fiat money. Meme coins can be found on many of the major exchange platforms. Coinpass will soon allow you to access DOGE for those living in the United Kingdom.
What are the Downsides of a Meme Token
There are downsides to meme tokens as with all things.
Many meme coins serve no purpose.
Meme coins are infinitely available, while cryptos like Bitcoin have a finite supply. This will have a significant impact on their long-term worth.
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Many of these tokens are jokes, so they can be volatile.
These coins are often launched quickly. This means that you could lose your money over the long-term.
These are the downsides to investing in these cryptocurrencies.
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Last Thoughts
Although it may have been a joke at first, it is no longer funny. Meme coins are gaining in popularity and value, with entrepreneurs such as Elon Musk joining the fray. It is up to you to decide if you want to join the Meme Coin bandwagon, but it is important to remember all facts.
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If you want to avoid problems such as strokes and heart disease, there is an easy way.
Get more fruits and vegetables.
Whole grains are better than refined ones. Brown rice is better than white. Switch to whole-wheat pasta
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You may be recommended by your doctor to have screening tests done to monitor your health and detect conditions before they become serious.
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Reduce Stress
It can be very detrimental to your health. It is impossible to avoid it all, but there are ways you can reduce the effects. Do not take on too many responsibilities. Set limits for yourself and others. It is okay to say no.
To relieve stress, try:
Deep breathing
Meditation
Yoga
Massage
Exercise
Healthy eating
Talking to a friend or family member.
Develop healthy habits
You can prevent problems from coming your way tomorrow if you make the right decisions today.
Brush your teeth twice daily and floss each day.
Don't smoke.
Limit your alcohol. Limit your alcohol intake to 1 drink per day.
Take your medication exactly as prescribed by your doctor.
Get better sleep. Try to sleep for at least 8 hours. Talk to your doctor if you are having trouble sleeping.
Keep out of direct sunlight between 10 a.m. and 3 p.m.
Wear your seatbelt.
Meng suggests that you take time each day to invest in your own health.
Montgomery was able to see the benefits. Montgomery says that she has overcome health issues, is happy, and has a positive outlook. She says that her life has been forever transformed.
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