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Meme coins also known as Meme crypto, are cryptocurrencies generally based on meme characters, and comical characters depending on the hype wave. Meme coins are successfully making headlines in the crypto world with their trading volume.
Meme coins can be minted on almost all blockchain networks existing in the crypto world. They are cryptocurrencies known to be highly speculative and widely supported by trading communities.
Memecoins are considered fun and exciting investment opportunities, they are generally talked to be high-risk investments owing to their highly volatile nature.
Meme Coins stand out to be a perfect example of the growing traction in the crypto market, Cryptopreneurs are excited to see the growth of meme coins in 2023 and the upcoming years.
(i) Meme coins are built on trends/hype, which can be temporary.
(ii) The specific Memecoin’s value has heavily relied upon the current buzz surrounding the same token.
(iii) Meme Coins are highly volatile.
(i) Forbes, DOGE currently has 135.5 billion coins in circulation, and a successful miner receives about 10,000 DOGE, worth approximately around $660.
(ii) Data from BitInfoCharts, Dogecoin’s daily transaction volume was recorded at 719,000, it even surpassed the transaction volume of the Bitcoin network.
(iii) According to Techopedia.com, Floki is considered a Fast-growing meme token. It offers multiple utility projects, including play-to-earn games and a marketplace. Floki’s Market Cap was at $300 million at the start of 2023.
(iv) Bitcoin.com states that PEPE is considered the fifth-largest meme coin. Its market capitalization recorded on April 22 rose to more than $303 million from $141 million.
(v) Livemint.com refers that Big Eyes Coin, a Meme token, after raising over $3.3 Million has recently reached its third stage of the presale.
With its growing popularity owing to the world’s affluent person’s obsession with meme coins, it is predicted that meme coins will take the world by storm.
Meme coin development tends to be a Billion dollar opportunity for Cryptopreneurs looking to set their foot in the Meme coin venture.
Maticz is a prominent Meme coin development company that offers end-to-end Meme coin development services with the industry’s best coin developers.
Our Meme coin developers have a vast knowledge of several Blockchain networks like Bitcoin, Ethereum, Solana, Polygon, and Binance Smart Chain, etc which can aid in developing Meme coins as per your business requirements
Owing to their unique nature, Meme coin has grown traction and attracted and amassed cryptopreneurs investing in the same. This has further attracted entrepreneurs wishing to try their hand at the meme coin venture.
It is vital to note that the community must trust and believe in your coins as Meme coins are highly driven by the community, this can be achieved by strongly posting and consistent updates, being active on social media, expanding the community, communicating with current members, and getting helpful criticism from members on the project.
Being highly active and transparent as the team behind the token will help your community trust in your meme coins. This may be made certain by maintaining open lines of communication, publishing frequent updates, and making team member information accessible to the general public.
Tokenomics and their distribution should mandatorily be fair and trustable, this will aid in inculcating belief in your community. This can be accomplished by analyzing the initial distribution model, token supply, periodical inflation, and token allocation for various activities.
Unique Selling Proportions acts as leverage when it comes to the popularity of Memecoin, as the competition for the same is relatively high. Make sure you state a distinct use case and an issue they are solving that is well articulated.
You must implement regular audits and security measures that can assist protect your project and community if you want your meme coin to prove acceptable in the long term. Long-term success may depend on independent reviews of the project's code as a whole and open procedures for identifying and fixing errors.
Meme coins have made traders stunned with their performance and propelled growth, Let us check out the top benefits of meme coins development.
Meme coins may have a high potential for returns, especially if they are successful in establishing a fervent and active community.
Meme coins sometimes have fewer entrance hurdles than other cryptocurrencies, making them more approachable.
Meme coins have the potential to be entertaining, especially for fans of the meme scene.
Exchange platforms and Swap platforms are enabling the acceptance of meme coins as cryptocurrencies, This has grown to be convenient for Memecoin holders.
Creation of a Memecoin requires Less investment when compared to mainstream cryptocurrencies
Take a look at the top-performing Meme coins of 2023 that have exceeded expectations.
Dogecoin was primarily based on the Popular "doge" Internet joke, it was initiated as a mock of the evolving Crypto trend. Launched in 2013, Dogecoin boomed and hit its highest price of $0.682 on May 8, 2021, and has been successfully popular ever since.
Dogecoin had the current circulating supply of Dogecoin is 139.38B.
Shib coin was developed secretly in August 2020, under the alias "Ryoshi,". Shiba Inu seeks to replace Dogecoin's Srypt-based mining algorithm with an Ethereum-based alternative. A swarm of cryptocurrencies with dog themes includes Shiba Inu and the SHIB coin.
Shiba Inu has a circulating supply of 589.35 T as of May 2023.
An Anonymous group of developers created the “Pepe coin ” on April 16, 2023. It had an immediate boom in trading volume by April 30 and rose to an all-time high of $0.000004213 on 5th May.
The Meme coin primarily aims to be one of the leading meme-based cryptocurrencies by leveraging the popularity of meme coins like Shiba Inu and Dogecoin, and successfully is in the course of it.
PEPE has a circulating supply of 391,790 B with a maximum supply of 420,690 B.
Launched on June 1, 2021, Floki Inu, named after Elon Musk’s pet, has risen to popularity in the meme coin era, Floki is a multi-chain token as it is both BSC20 And ERC20 compliant, it operates on both the Ethereum and Binance Smart Chain.
FLOKI token holders have the advantage of transacting and bridging between the two chains comfortably. Floki coin has a total supply of 10 trillion FLOKI.
The Bone coin of the ShibaSwap project was established by the team behind Shiba Inu (SHIB) and was founded in 2020 by an anonymous group known as Ryoshi.
BONE had enormous growth and reached its all-time high of $15.50, on Jul 7, 2021.
Bone coin primarily works as a governance token and has a maximum supply of 230,000,000 coins with 229,923,351 BONE in circulation as of May 2023
The Meme coin development process is similar to any other crypto development with minimal changes in it. Read through to know the whole process of developing Meme coins.
A detailed Sketch indicating fungibility, scalability, business requirements, etc. A consultation helps to obtain crucial data to meet the demands making a successful consultation aids in the collection of company requirements, and this is the first step in the process when we create an appropriate strategy and appraisal based on the needs of the business to address the customer's inquiry.
Since Meme coins can be created on almost any blockchain, it is important to select the network over which the Meme coins will be operated and thereby ensuring effective supply management
Our Blockchain Experts assess the token’s burning capacity, Wallet integration, Token ID selection, and frequency of minting as per the client’s requirements.
Our blockchain specialists assess the client's tokenomics business potential to make it profitable and provide the client with long-term business advantages.
To make Meme coin more effective and profitable on the market, our trained testing professionals optimize and test your tokens using a variety of test scenarios.
The final step in Meme coin development is token deployment. Our developers deploy the token contracts on the required blockchain network and the deployed token will be ready for use.
We at Maticz analyze the market performance of various cryptos and provide premium token development services that help entrepreneurs to create Memecoins with dynamic features such as fungibility, traceability, and scalability.
These are the vital factors that ensure the excellent performance of tokens in recent trends. Develop the desired Meme coins with our exclusive functional parameters for the optimal use of the participants at an affordable price.
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