Origin Of Meme Coins

December 27, 2022 Story: Divya Sinha

Memecoins are coins which are developed based on internet memes and viral images.

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Dogecoin and Shiba Inu are among the top crypto to achieve meme coin status and this extends to lesser-known coins such as Baby Doge and Dogelon Mars.

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Among all the meme coins, Dogecoin is the oldest and largest and its origin is an interesting story.

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DOGE creator used a popular meme at the time—a Shiba Inu dog with a purposely misspelt “doge” in the title.

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When Bitcoin emerged victorious, it received avid media attention. Two software developers, Billy Markus and Jackson Palmer created a coin based on the code of another cryptocurrency, Litecoin.

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The project was intended to be a fun, carefree alternative to Bitcoin but it got wide audiences when Elon Musk, tweeted that Dogecoin is his favourite token.

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As per CoinMarketCap, DOGE ranks 8th and its price at the press time is $0.075004 USD.

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