Trust Meme, Invest In The Rising Popularity of Meme Coins
The story of cryptocurrency is incomplete without the mention of memes and the internet culture of playful humour. There are around 312 meme tokens like Mehracki listed on CoinMarketCap as of April 2022, a long way from the first meme coin, Dogecoin (DOGE), which launched in 2013. This alone speaks of the scalability of meme coins that investors are growing to trust with every passing day.
Coins like Dogecoin (DOGE) and Shiba In (SHIB) have proven the validity of meme coins over the past years. Such coins are a testament to the fact that the volatility of meme coins can be used to one’s advantage. A new token that has just launched and is rapidly gaining popularity is Mehracki (MKI).
What Are Meme Coins?
Meme coins are digital currencies based on a joke, meme, or theme on the internet. Such cryptocurrencies are not particularly focused on solving problems like other tokens. A meme token’s value fluctuates with market interest because it is based on the endorsement of influencers, community activities, excitement and FOMO.
Investors are often put off by their volatility and lack of real-world applications. Despite these speculations, several meme coins have begun adopting features of utility to reward investors and build a financially secure community.
Why Invest in Meme Coins?
Meme coins are for investors that have a huge appetite for risk and are good at keeping up with internet culture. If you play your cards right then meme coins can be a great source of passive income whilst also introducing you to a community of like-minded investors.
As more meme coins emerge, they demonstrate the added diversity characteristic as well as their intended use as an investment in several asset classes. As a result, they continue to grow in popularity, and plans are still in the works to make the currencies available to investors on practically all platforms. This strategy has shifted the market by allowing willing investors to build a wide portfolio of digital assets including NFTs, nodes, altcoins, and staking/farming stablecoins.
Shiba Inu (SHIB) saw the most impressive growth of any meme coin as it increased by more than 60,000,000% in 2021. Just like this established meme coin, the new ones are armed with big promises and futuristic features. At this point, most new coins use their meme identity as a marketing technique and focus on keeping the volatility minimal. This would imply that the utility of such altcoins can be easily trusted.
What Is The Next Meme Coin To Take Off?
Mehracki (MKI) is a new cryptocurrency in the market that functions on the foundation of a meme coin.
Mehracki (MKI) is a community-driven feel-good meme token that is available on the Solana blockchain. It is created to alleviate user anxiety by producing income for investors and advocating feel-good moments and activities for people all around the world. The token promises to function on a utilitarian model and facilitate incentives instead of depending on community chatter alone for publicity.
Hence, Mehracki (MKI) is well on its way to introducing solid changes to the diversifying arena of altcoins that harness the meme culture. MKI is now available to buy via a presale. This presale phase could prove to be one of the best times to invest in it while the token prices will be affordable. Once Mehracki is released on decentralised exchanges (DEX) the price could easily moon from its current price.
If you are interested in meme coins then Dogecoin and Shiba Inu will always be a solid hold. If you are looking for a potential new coin that could see similar returns to DOGE and SHIB from 2021 then a punt on Mehracki could be the way to go.
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