2021 was the year for the meme coins. Lately, meme coins have gained acceptance. This acceptance is marked by its gained immense popularity among celebs. Two years ago, Elon Musk, the most dynamic business magnate and investor, promoted Dogecoin. Mark Cuban – the American businessman and investor also advertised the meme coin in 2013. Since 2013 itself, meme coins, especially Dogecoin – the 1st ever meme coin, had enjoyed hype. If you want to invest in bitcoins then you can visit online trading platforms like Bitcoin Loophole
Related Post: What Is Cryptocurrency History & Trends You Need to Know?
But, would it be safe to conclude that meme coins will continue to be a crypto trend and stay in hype among investors and celebrities? Well, let’s find out the same in this article.
Meme Coins Hyped up: Here’s Why
GameStop (GME) and AMC Entertainment (AMC) are a few examples of meme stocks. These stocks witnessed an acceleration in prices by 100-fold in a matter of a few months. Yes, this piece of news is as old as 2020, but it’s important to take note of. Tesla CEO Elon Musk showed his interest in meme coins, i.e., Dogecoin.
Another popular meme coin called Shiba Inu had also enjoyed popularity among investors. For some time, Shiba Inu had to suffer a collapse. But, now it has rebounded. Shiba Inu’s recovery is centered on the willingness of new crypto enthusiasts to show up and pay increasingly higher prices for the token.
The basic reason why meme coins are so hyped up is that they are very cheap. Investors can invest just a few dollars to buy thousands or even millions of DOGE or SHIB tokens. To hold a midget of Bitcoin or Ether is something very simple. But, having millions of meme coins in the wallet is quite distinct or uncommon.
Today, a new meme coin called Big Eyes Coin is on the rise. Several investors and traders have turned to this meme coin in the market. With minimal investment, everyone can have high hopes to earn a significant profit, and so, meme coins.
Shiba Inu and Dogecoin: The Early Meme Coins
The crypto market is in a rush, especially in terms of meme coins. It’s because of the major technological developments in cryptocurrencies. Meme coins have been produced as a light-hearted joke. Today, the same crypto coins have gained fabulous momentum and recognition.
Not even a single crypto investor knew about the existence of meme coins until 2013. With the introduction of Dogecoin, other crypto giants like Bitcoin and Ethereum saw tough competition. Memes turned out to be a valuable asset.
It wasn’t just Dogecoin that brought about a revolution in the crypto market. Following the great success of the 1st meme coin, a competitor crypto coin called Shiba Inu emerged. The crypto market again witnessed the rise of Shiba Inu in a matter of a few months.
Shiba Inu did not boast of a successful start in the crypto market. But, eventually, with a single tweet, the entire scenario got changed. The American entrepreneur and investor Elon Musk shared a picture of his new pet dog – the Shiba Inu puppy. This particular tweet went viral and the magic for the SHIB coin just happened. As a result, Shiba Inu turned out to have benefited its investors to a certifiable amount.
Also Read: How to Grow Your Business with an SMS Loyalty Program?
Big Eyes Coin – The Most Impressive Meme Coin
The crypto world is highly influenced by the newly launched meme coin BIG. In 2022, the new cryptocurrency came into the digital currency market. Presently, it’s the most impressive meme coin in the world.
Being highly safe and awesome privacy, this meme coin is catching the attention of investors. Moreover, the Big Eyes coin is cute and promising. A roaring amount of $27 million is the value of BIG, that too during its presale only.
Eying the great response of the meme coins, you can conclude that Shiba Inu, Dogecoin, and also Big Eyes Coins are going to be the next big story in the crypto world.
Meme Coin Trend to Stay Here
Buyers and traders prefer to invest in Big Eyes coins and other meme coins because of the transparency they have to offer. Crypto enthusiasts are madly in favor of the newly launched cute furry coins – Big Eyes Coins.
Meme coins are all emerging with immense popularity. So, you can perceive that very soon the crypto world will be shaped by meme coins. The crypto industry already beholds the success story of the Big Eyes Coins, even before its prelaunch, as a miracle. Moreover, fun investments that come with a promise of stability and profit is always perceived as ‘right’.
Also Read: Health and Wellness Tips for Nurses New to the Healthcare Sector
The Final Takeaway
The triumph of the meme coins among investors is a validation that the meme coins trend is not fading anytime soon. Downfalls and surges will obviously come on the way, but the crypto world is known for volatility only.
Based on the stability that the meme coins have managed to pull off to date, it’s not wrong to say that the meme coins trend is definitely here to stay. So, meme coins are also a wise investment for you if you are considering one!