What are Meme Coins? Why are They Popular?

The world of currencies has seen many variations. We were used to hearing things like Euros, Dollars, and Bitcoin. But lately, we have seen a new kind of currency making headlines, which is the meme coin. Basically, these are digital currencies based on jokes (memes) and internet trends, and they've become surprisingly popular. But what are meme coins exactly, and why are investors going so crazy about them?

A Brief History of Meme Coins

The story of meme coins began with a (viral) meme. The image of a Shiba Inu dog with nonsensical broken English text went viral in 2013, which became known as "Doge". As a joke, software engineers Billy Markus and Jackson Palmer created Dogecoin (DOGE) later that year, featuring the same Doge on its logo. It started as a lighthearted parody of Bitcoin and quickly started gaining the attraction of a devoted online community, later being considered a top meme coin.

The success of Dogecoin opened the doors for other meme coins. Shiba Inu (SHIB), another dog-themed meme coin inspired by Dogecoin was introduced in 2020 and experienced a quick success, grabbing the attention of celebrities like Elon Musk and fueled by social media craze. Later, many businesses showed their interest in meme coins. Some started investing in meme coins, while others launched new meme coins, causing a surge in the meme coin market cap.

Such events sparked enthusiasm in web designers and developers. The demand for creators who can create a new meme coin website started increasing. Then the market witnessed talented designers and developers, and the world started seeing pre-designed and frontend-ready websites. Sometimes, developers tried to sell a completely developed meme coin website and succeeded. Below are some common terms used for the products mentioned above:

Pre-designed website: Web UI design or web UI kit

Frontend-ready website: Web template

Completely developed website: Complete script or clone script (if the website is inspired by a concept)

Why Meme Coins are So Popular?

Funny and Friendly

Unlike stocks and bonds, meme coins are lighthearted and fun. They connect to our love for jokes and online culture. Also, a strong online community is there around these coins, where people bond over shared humor and the potential to make money together.

Social Media Buzz

Remember those days when something funny was used to go viral and everyone started talking about it? That's how meme coins can work. If a celebrity tweets about a meme coin, suddenly everyone wants to buy it, which can make the meme coin price go high.

Get-Rich-Quick Dream

We all have heard stories of people turning a few bucks into a big amount overnight or in a very short time period. One can dream the same with meme coins. Their prices may skyrocket fast, making some investors a lot of money, if you own a meme coin project then you may build some tactics to skyrocket your meme coin’s value, resulting in investors’ interest in your currency.

Affordable

Most meme coins are super affordable, costing just a few cents each. This makes them more accessible than other “reputed” cryptocurrencies valued at thousands of dollars, letting anyone start investing with a small amount of money.

Some Cons to Remember

• Just like the wild rise, meme coin prices may witness a drastic downfall if the trend doesn’t stay alive.

• There might be some meme coin scams intended to steal investors’ money.

Should You Launch a Meme Coin?

Definitely yes, launching a meme coin project is like now or never. The meme coin market is comparatively less competitive as of now, which can be more competitive with more launches. Here are some tips to consider before launching a meme coin:

• Try exploring popular meme coins and take inspiration from them to make your meme coin (website) better.

• Specify your budget and targeted audience if possible.

• Focus on popular memes to get noticed quickly.

• If you lack design abilities then explore some meme coin web UI designs available online. They’re designed by experts and they come at affordable prices.

• If you want to avoid frontend development then explore some meme coin web templates online. They come frontend-ready to help you get started with basic coding skills.

If you want a ready-to-launch solution then look for some meme coin clone scripts, freelance meme coin clone script services, or pepe meme coin clone script services online.