The Evolution of Meme Coins: A Journey Through Encryption Culture from DOGE to NFT

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Meme Coin History: Past and Future

Meme coin is a type of cryptocurrency, and its value mainly derives from related internet cultural symbols. Over time, Meme coin has undergone several evolutions.

Newcomer Guide丨Meme Coin Brief History: Origin, Value, and Opportunities

Early Meme coins were primarily based on proof-of-work ( PoW ) blockchain, such as Dogecoin. They typically debuted on the Bitcointalk forum and traded on some centralized exchanges. These coins distinguish themselves through factors like name, branding, and algorithms.

Newcomer Guide丨Meme Coin Brief History: Origin, Value, and Opportunities

The emergence of Ethereum brought a new wave of innovation. The ERC20 standard made token issuance easier, while also attracting new users. This period saw the birth of some more "serious" projects, but also some interesting Meme coins, such as the "Useless Ethereum Token" which satirizes the ICO concept.

Newcomer Guide丨Meme Coin History: Origin, Value, and Opportunities

During the summer of DeFi, the rise of liquidity mining gave birth to a large number of "food coins" yield farms. These projects offer extremely high annualized returns, attracting a large number of users to participate.

Newcomer Guide丨Meme Coin Brief History: Origin, Value, and Opportunities

In 2021, driven by retail investors and celebrities, Dogecoin and its derivative coins experienced a surge. At the same time, the rise of NFTs also provided new forms of expression for Meme coins. Some well-known NFT projects even issued their own tokens.

Newcomer Science Popularization丨Meme Coin Brief History: Origin, Value, and Opportunities

Recently, new memes, cultures, and ecosystems are constantly emerging. Some successful meme coins often start with an internet meme before the token is created. Additionally, the low price itself has also become a meme that attracts retail investors.

Newcomer Science Popularization丨Meme Coin Brief History: Origin, Value and Opportunities

Although the Meme coin market is full of opportunities, there are also many risks. Issues such as rug pulls, regulatory uncertainty, and declining community interest are all problems that need to be watched out for. Investors should be cautious when participating and fully understand the project background and contract details.

Newcomer Guide丨Meme Coin Brief History: Origin, Value, and Opportunities

Overall, Meme coin, as a unique category of crypto assets, reflects the intersection of internet culture and financial innovation. Their development history witnesses the changes in the cryptocurrency industry and also provides us with a unique perspective to observe social and cultural trends.

Newcomer Science Popularization丨Meme Coin Brief History: Origin, Value and Opportunities

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MoonRocketmanvip
· 6h ago
Fuel prepared ok, launch angle 90 degrees, rocket engine in position
View OriginalReply0
gas_guzzlervip
· 6h ago
Stop bragging, a bunch of suckers.
View OriginalReply0
RugResistantvip
· 6h ago
detected multiple red flags. proceed w/ extreme caution
Reply0
LeverageAddictvip
· 6h ago
These digital coins, just play and it's done.
View OriginalReply0
RektHuntervip
· 6h ago
Only after suffering huge losses can it be called having played in the crypto world.
View OriginalReply0
MetaverseHermitvip
· 6h ago
I really can't resist this wave of memes.
View OriginalReply0
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