Bitcoin

Memetic / PepeCoin

Love them or hate them. The one thing you can&#39;t deny is the importance of meme coins within crypto. Deriving their names and value, as their title suggests, from internet meme culture, they often lack any underlying utility associated with the other larger blockchains like Bitcoin and Ethereum. Instead, they derive their value from market sentiment, social media populism, and community engagement.So, what are Meme Coins? How did we get here? And where are they going?<img src="https://academy-public.coinmarketcap.com/optimized-uploads/6e4cf6e06ac84180bb89111f6ce40a26.gif" />Source: <a href="https://tenor.com/en-GB/view/wait-a-minute-who-are-you-kazoo-kid-funny-gif-16933963" rel="noopener noreferrer nofollow">Tenor</a><h2 id="header-0">History of Meme Coins</h2>Unless you have been living under a rock, you will have no doubt heard about the OG meme coin and pack leader Dogecoin. Launched in 2013 by Jackson Palmer and Billy Markus as a satirical take on the crypto space at the time, it was designed to highlight the nonsensical tokenomics of many of the coins that have mostly fallen into obscurity.Despite its lack of utility and infinite supply, Dogecoin tapped into something within the crypto community that runs deeper than the face of a cute Shiba Inu. That inherent degen culture and rejection of the traditional norms, including what should be ascribed value, is ultimately what underpins the success of meme coins. The same sentiment that was felt in the Gamestop saga in traditional markets is the same mentality that runs deep through meme coin culture. Users decide what has value, not institutions and traditional finance.<a href="https://hodl.fm/history-future-meme-coins" rel="noopener noreferrer nofollow">READ MORE ON HODL.FM</a>

What’s Behind the Memecoins Mania?

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