The post The Path of Meme Tokens: from Jokes To Scam appeared on BitcoinEthereumNews.com.

What started as a joke, meme coins have become an integral part of the cryptocurrency ecosystem. Based on popular characters and humor, some coins have found their audience and attracted many supporters, forming strong communities and developers. It would seem that the sector has examples of how to develop further. But instead of offering something unique or innovative, in general meme coins have become one of the most volatile and speculative markets. The community closely follows every word of opinion leaders to turn the appropriate into a token, newcomers hope to get rich on it (but only insiders get rich), even politicians get involved in this race. What can lead to this trend and what it threatens the cryptoindustry, we understand in the material. This is not a joke The most famous representative of the segment is considered Dogecoin (DOGE). It was the first to enter and consolidate in the top 10 cryptoassets by capitalization (CoinGecko), competing with more serious projects. Source: CoinGecko. Dogecoin was conceived as a joke about the rapidly growing number of cryptocurrencies, but a strong community immediately formed around it. The most important ambassador of the project was billionaire Elon Musk – his active promotion restarted the development of the network and expanded the circle of users. Among other things, this was due to celebrities like Snoop Dogg, Lil Yachty and Mark Cuban. Dogecoin probably owes its popularity to its non-serious approach to serious things. The project has infrastructure, development plans and a team of developers. In 11 years, the meme token has traveled a long path of acceptance, becoming a popular tool among merchants to pay for purchases. It also launched the trend for the emergence of “dog coins”. Shiba Inu and Floki Inu turned out to be as good as Dogecoin in terms of…

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Filed under: News - @ February 25, 2025 5:27 pm