7 Awesome Meme Cryptocurrencies Besides Dogecoin

Gas is the term Ethereum uses to reference paying for someone’s energy use to verify your transaction. This makes ETH a perfect example of a use case that might incentivize someone to buy ETH. Many decentralized finance applications are built upon its blockchain, and many more are being developed. Baguette Token aims to “bridge the culinary and cryptocurrency worlds” through its crunchy and delicious coins. Since its launch, Baguette Token’s loyal customers have been trading the crypto for a variety of purposes including online shopping, gaming, and yield-farming.

There are more than 18,000 cryptocurrencies available for trading in crypto markets. Each coin boasts an array of technical terms, many of them difficult to explain, to sell its value proposition. As a result, their prices and valuations have exploded in the last decade as investors, searching for growth in a zero-interest rate environment, poured money into the asset class. An early investor in Bitcoin would have racked up tremendous returns since its launch in 2009.

• Needs to review the security of your connection before proceeding.
• It became more valuable to investors when they noticed price increases on cryptocurrency exchanges.
• An early investor in Bitcoin would have racked up tremendous returns since its launch in 2009.
• However, this won’t always be the case—Shiba Inu is a prime example.
• Soon enough, blockchain developers launched Elongate, a “frictionless, high yield, deflationary coin” built on Binance.

He has taught crypto, blockchain, and FinTech at Cornell since 2019 and at MIT and Wharton since 2021. He advises governments, financial institutions, regulators, and startups. He’s also held management roles at Goldman Sachs and BlackRock. Despite the fast block time, MonaCoin’s storage is pretty limited. As of now, it can be stored in only two third-party e-wallets, namely Electrum MONA and Coinomi.

He crossed the little-kids’ playground, running his fingers across the swing-chains to make them jingle and stepping over the teeter-totter boards. He stuffed his rank-card in his back pocket and started to whistle. He was wearing a pair of Keds, but so far as he could tell, their soles never touched the sidewalk for eight blocks or so. The offers that appear in this table are from partnerships from which Investopedia receives compensation.

Awesome Meme Cryptocurrencies Besides Dogecoin

Like many meme cryptos on this list, PooCoin is quickly gaining traction among investors, so it is actually likely to become the next Dogecoin very soon. Ethereum is a blockchain-based software platform with the native coin, ether. Ethereum smart contracts support https://xcritical.com/ a variety of distributed apps across the crypto ecosystem. Cryptocurrency exchanges are one of the most reliable sources for finding new coins. For example, Coinbase generally lists new coins on its website, but you’ll need an account for better access.

These sales may be announced on social media, news sites, or crypto-focused tracking sites like CoinMarketCap. As with every crypto asset, it is important to thoroughly research a project and team before making an investment. Many crypto data aggregators may report inaccurate information from exchanges. CoinMarketCap, one of the leading crypto price trackers, has struggled with data inaccuracies in the past. In 2018, initial coin offerings eclipsed venture capital as the primary fundraising method for entrepreneurs.

Startups and prominent companies alike jumped onto the ICO bandwagon. Then the ICO bubble burst as scams proliferated its ecosystem and the Securities Exchange Commission began investigating and cracking down on ICOs. NFTs are one-of-a-kind digital assets that have been tokenized—which is the process of linking an encoded alphanumeric sequence to the asset and storing that information on a blockchain.

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Needs to review the security of your connection before proceeding. If there’s a crypto for garlic, you bet that there will be a crypto for its best friend, baguettes. Baguette Tokens, or BGTT, have been baked fresh from the bakery since 2020. It finds its roots in a community meme project called ERC-20, a blockchain distribution network based on Ethereum.

A cryptocurrency needs to have liquidity—meaning it should have enough trading volume that you can sell yours quickly if you need to. If you find a cryptocurrency with no volume, you should consider waiting to see whether it will develop any. If other investors aren’t trading a new crypto coin in large amounts, it might indicate that it isn’t yet worth buying or it is a scam. One thing to take note of, however, is the volatile nature of the cryptocurrency market.

Since each individual’s situation is unique, a qualified professional should always be consulted before making any financial decisions. Investopedia makes no representations or warranties as to the accuracy or timeliness of the information contained herein. Using several sources to vet a coin is the best way to find a new coin crypto coin to invest in.

A cryptocurrency airdrop is a marketing stunt that involves sending free coins or tokens to wallet addresses to promote awareness of a new currency. Beneath their technical jargon, cryptocurrencies are products that serve a purpose, whether it be only a method of payment or as a utility token used to perform actions on a blockchain . You can use several tools to help you verify the validity of the new cryptocurrency you’re investigating. PooCoin Charts lets you enter the token name or its address and displays information about transactions, contracts, holders, price, and more, enabling you to see whether anyone else is active. Meme cryptocurrencies are all fun and games, and as the internet continues to churn out meme-worthy material, rest assured that there will be no shortage of meme cryptos.

Cryptocurrency tools like PooCoinCharts and TokenSniffer provide in-depth looks at coins that can help you decide whether a coin is valid or a rugpull. Joe Liebkind is a reporter for top finance sites with 5+ years of experience as a writer, content strategist, and tech consultant.

If you didn’t know already, Musk has tweeted about Dogecoin several times in the past couple of years, fully in on the joke. His participation sent the meme crypto’s value skyrocketing as a result. Coincheck is a Tokyo-based cryptocurrency exchange and digital wallet founded in 2012. Cryptocurrencies have emerged from the backwaters of mainstream finance as a viable asset for investment. However, the universe of investable cryptocurrencies and crypto-related products and services is still small and requires careful evaluation. Token sniffer lets you view the contract code and generate a bubble map that shows you the creator’s address, the addresses of the top 100 holders, and the percentage they hold.

This establishes ownership without question because the token’s network validators must verify ownership through a consensus. Social media is known for its ability to transmit information quickly. Twitter, for example, is one of the quickest moving and responding platforms in the U.S.

Defi Platforms

Knowing where to look and how to evaluate them will help you determine whether the coin is worth it or not. This website is using a security service to protect itself from online attacks. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Some songwriters and musicians are creating NFTs from their music—purchasing a song NFT directly supports the artists and gives you ownership of the token .

The market for NFTs took off in 2021 when prominent auction houses like Christie’s and Sotheby’s sold digital art worth millions of dollars to customers. Trading and using cryptocurrencies actually have devastating effects on the environment. MonaCoin was named after a meme of a cat constructed from ASCII text. If you are not sure what ASCII text is, it is essentially a series of characters that make up a digital text. He only stood there for a moment, and then, while the kids were still streaming past in yelling, running groups, he remembered Henry Bowers and hurried around the building.

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If you’d like to invest in some meme cryptocurrencies, make sure you do sufficient research into the market before cashing in. Pirate Chain was launched in 2018 as a private send cryptocurrency. This means that it is designed with a code—in this case, ZK-Snarks—that what does burning tokens mean only allows for private and anonymous peer-to-peer transactions on the blockchain. This privacy also ensures that no double-spending happens, nobody is able to view what a user bought, and nobody can see how much a user has in their wallet.

This type of service helps you get some of the information you need to determine what other investors think about the coin and whether it has potential. The code for Garlicoin was copied from Litecoin, but it has a block time of only 40 seconds. The development team behind the meme crypto have stated that the algorithm for Garlicoin is not meant to be mined by crypto-specific mining applications. Its developers also hold a majority of the coins, and this scarcity in the market means higher value. The more use cases a new coin and the blockchain it supports have, the more likely it is that the coin will last long enough to experience growth.

You’ll also see any burn addresses that might exist—a burn address is where developers send coins to remove them from circulation permanently. Telegram is another instant messaging platform that can deliver timely new crypto coin developments. Amilcar Chavarria is a FinTech and Blockchain entrepreneur with over a decade of experience launching companies.

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Binance has a list of new coins you can look over and investigate further to see if any are worth investing in. Launched around 2014, MonaCoin, or MONA, is perhaps one of the most well-known meme cryptos on the market. MonaCoin was founded by an Internet user who goes by the name “Mr. Watanabe,” and is the most widely used meme crypto in Japan. A handful of physical and online stores in Japan accept it as a form of payment. Here are some of the most popular meme cryptos besides Dogecoin, should you ever choose to invest in any of them.

Market capacity is the total fiat value a specific cryptocurrency has on the market. Elongate can be purchased on exchange websites, Pancakeswap and Blockfolio, and stored in the crypto wallet, MetaMask. This type of value isn’t monetary; it is more intangible, such as an NFT that you identify with at a personal level. For example, this could be a graphic that triggers a happy memory, and you want the NFT so that you can be reminded of it—and hope for growth at the same time. The uses for Ethereum, the global virtual machine that powers DeFi and is rumored to be powering Web 3, continue to grow. New utility tokens designed to work on the Ethereum Virtual Machine emerge daily.

How To Create An Nft?

Investopedia does not include all offers available in the marketplace. There are many websites that you can look over to find new coins. Some of the more reputable ones are Top ICO, Smith & Crown, and ICO Bench.

Alternativeto.net needs to review the security of your connection before proceeding. Cardano is a blockchain and smart contract platform whose native token is called Ada. An initial coin offering is an unregulated means by which funds are raised for a new cryptocurrency venture.

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Pirate Chain, trading as ARRR (yes, “arrr”), is another meme crypto that has been gaining a ridiculous growth percentage in the meme crypto market. A user, u/DigitalizedOrange, made a post saying that if it gets over 30,000 upvotes, they will create the meme crypto. Compared to mainstream cryptos such as Bitcoin and Litecoin that have block times of 2.5 minutes and 10 minutes respectively, MonaCoin has a shorter block time of 1.5 minutes. This means lower transaction costs and more optimum energy efficiency.