What is a Meme Coin? This is the Definition and The types

THECRYPTO.WATCHWhat is a meme coin that many investors are interested in? Maybe this is also your current question. Meme coins in the Cryptocurrency system are used as a medium of investment and also for trading that promises profits for users. This is the meaning and a series of types of meme coins that you can make as an investment medium.

What is a Meme Coin in Cryptocurrencies?

In the internet world, especially on social media, memes or jokes are often circulated about things that are going viral. You too must be familiar with this, or at least have seen it milling about on the internet. Inspired by that, meme coins are coins that come from memes on the internet.

They can take various forms, some with pictures of dogs, cats, even artists or other viral things. All the coins are completely inspired by memes in cyberspace.

3 Types of Coins in Circulating and Most Interested Meme

There are many types of meme coins that exist in Cryptocurrencies. After knowing what a meme coin is, you can now see the types of meme coins below.

Shiba Inu

This coin is inspired by a dog breed from Japan. Shiba Inu is one of the coins that is in great demand by investors and traders. This is related to its good performance since its early appearance in the Crypto world. So do not be surprised if this coin became famous from previous arrivals.

Dogecoin

With the same animal theme as the Shiba Inu, which is dog, Dogecoin is one of the most popular meme coins. This coin became a meme coin that first appeared in the Cryptocurrency system. Like other Crypto coins, which have quite high volatility, but are still liked by many people.

Safemoon

For investors who do not have an excess budget for buying Crypto assets, this coin is suitable as an investment medium. However, it is not suitable, if it’s used for trading. This is because these tokens cannot be traded at any time.

That’s the meaning of what is a meme coin that you can use as an investment medium. Of course, behind the selection of any investment instrument will be found some risks. This risk is borne by each investor.

(TCW/Lyla/Ibad)

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