The post 5 Tokens That Prove the Future of Memecoins Is Utility-Driven appeared on BitcoinEthereumNews.com.

It may not feel like it when you see the 100th Doge clone appear on the 100th L2 chain, but memecoins are getting smarter. Not all of them all at once it must be said, but change is underway nevertheless. There is a seismic shift occurring in the memecoin industry whose effects are just beginning to be felt. While energy, humor, and memes will always be the primary driver of memecoin appeal, something else is now increasingly being thrown into the mix: utility. What Can You Do With a Memecoin?   It can be hard trying to make sense of the memecoin sector, a crypto vertical that has expanded so rapidly and widely over the past 12 months that it’s dominated everything else, from AI to DeFi. The polymemecoin era has seen new tokens being created every second in an orgy of memes that’s turned traders into “clickers” compelled to buy and sell dozens of nascent tokens every day in the hope of making a profit.   The top 10 memecoins are down an average of 63% over the past 12 months as traders have switched to chasing quick x’s on memecoin launchpads that reward flipping. Thankfully, this unsustainable and exhausting trend shows signs of having peaked, as the market once more returns to seeking quality over quantity. A new breed of memecoins is emerging that supports real use cases and long-term building, and is finding favor with the communities who will dictate their fate. The following tokens are part of the emerging memecoin meta in which utility and fun co-exist. WOMIO WOMIO is a memecoin launchpad and token rolled into one. It’s no run-of-the-mill launchpad, however, nor is it your regular memecoin. The launchpad enables anyone to create a memecoin of their choice and deploy it on the blockchain…

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Filed under: News - @ September 2, 2024 6:24 pm