Meme Coin | What is Meme Coin How Does It Work💥Meme Coin Explained

Meme Coin | What is Meme Coin How Does It Work💥Meme Coin Explained

Meme Coins aren’t new, but where did they come from, and why? Just as the name implies, they are cryptocurrencies inspired by memes, funny and exciting ideas captured in an image, video, or other forms of media; however, they aren’t limited to memes. These meme coins are coins or tokens without a permanent value and no utility.

We can look at the original meme coin, Dogecoin, which was branded off the popular doge meme “much wow” in 2013. Creating crypto wasn’t as easy as it is today; you either had to be a developer or have some strong developer skills. You had to have a niche set of skills to be able to design your own cryptocurrency.

Now, you simply sign up, pay a fee, make liquidity provisions, and boom, your own cryptocurrency. Liquidity provisions? Don’t worry; we’ll get to that in a second.

Because it’s so easy to make meme coins, they’re emerging every day. However, the hard part about meme coins is being able to convince people that the coin you are offering will be the next Dogecoin or even better.

If you’re not familiar with meme coins, you may not understand why Dogecoin is a yardstick to other coins. Let’s put it this way; if you bought Dogecoin in the beginning, you’d definitely be dining with the millionaires right now.

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💡 TOPICS IN THIS VIDEO 💡 Meme Coin | Meme Coin Explained | What is Meme Coin How Does It Work

🔎 HASHTAGS 🔎 #Memecoin #dogecoin #shibainu #cryptocurrency

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The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.

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⏰Timestamps⏰ 00:00 Intro 01:04 Meme Coin Explained 05:42 Outro ... https://www.youtube.com/watch?v=EIYYXcT4gFs