MEME (Memecoin) Token Price & Latest Live Chart

What is MEME (Memecoin)?

MEME is the primary digital token of Memeland, a creative studio in the Web3 space, founded under the globally recognized meme platform 9GAG. Within the broader memecoin ecosystem, which includes notable entities like Dogecoin (DOGE) and Shiba Inu (SHIB), Memecoin holds a distinctive position. Functioning on the Ethereum (ETH) blockchain, one of the largest platforms for smart contracts, Memecoin differentiates itself as a token rather than a coin, primarily due to its non-reliance on a separate blockchain network. This digital token is an essential part of Memeland's strategy to delve into SocialFi and the burgeoning creator economy. The project's aim is to foster a rich, interactive environment where creators and communities can engage effectively through various innovative mediums like Non-Fungible Tokens (NFTs), unique digital tokens, and an array of tailored products.

Since its launch in June 2022, Memeland has successfully introduced three distinct NFT series: 'You The Real MVP,' 'The Captainz' and 'The Potatoz.' Each series serves a specific purpose and targets a different segment of the digital community, exemplifying the versatility and broad appeal of the platform. MEME's role extends beyond mere financial implications; it embodies the essence of modern internet culture. It's a nod to the immense power and influence of memes in shaping online discourse and community building.

How does MEME (Memecoin) work?

The operational mechanics of the MEME token are fascinating, especially considering its foundation on the ERC-20 token standard. Unlike traditional digital currencies, MEME doesn't possess functions, utilities, or intrinsic value, and it explicitly eschews any promise of financial returns. This distinguished design choice positions MEME as a stark contrast to conventional cryptocurrencies, which often tout utility and potential for appreciation as core features.

MEME’s approach is a bold statement in the digital asset landscape, as it does not align with the usual cryptocurrency model of offering a roadmap or building an ecosystem with anticipated functionalities. Its design is centered around entertainment and community engagement rather than financial incentives. This token's distinct identity aligns with a growing trend in the digital space that values cultural and social impact over traditional economic metrics. MEME's very existence challenges the norms of digital currency, prompting users and investors to rethink what constitutes value in the realm of digital assets.

MEME (Memecoin) market price & tokenomics

MEME experienced a significant surge in early November. Demonstrating a strong start similar to other popular meme coins such as Pepe and Floki, MEME has made an impactful entrance into the market. Its performance is further highlighted by its ranking on the 'Top Memes Tokens by Market Capitalization' list on CoinMarketCap. This ranking places it just behind leading tokens in this category, including Dogecoin, Shiba Inu, Pepe, and Floki Inu. 

The tokenomics of MEME reveals a unique approach to digital currency distribution and valuation. The total supply of MEME is capped at a symbolic 69 billion tokens, divided into seven primary categories, each governed by a distinct schedule for release. This distribution strategy aims to balance the project's longevity with the need for initial liquidity, ensuring steady growth and sustained interest in the early stages. As of now, MEME (Memecoin) is ranked #137 by CoinMarketCap with market capitalization of $304,747,356 USD. The current circulating supply of MEME coins is 8,797,500,000.

Source: MEME official site

Why do you invest in MEME (Memecoin)?

Investing in MEME is not a conventional decision based on typical financial analysis or investment strategy. Instead, it represents a more cultural, social, and perhaps speculative engagement in the digital asset space. Potential investors in MEME are likely drawn to the unique nature of the token, its affiliation with the vibrant and influential internet culture propagated by Memeland and 9GAG, and the novelty of owning a part of this cultural phenomenon. The decision to invest should stem from an appreciation of its unique position in the digital world rather than traditional financial incentives or utility-driven considerations.

Is MEME (Memecoin) a good Investment?

MEME stands out as an entertainment and culture-centric digital asset. Its investment potential is tied more to the speculative and volatile nature of meme-driven digital markets rather than grounded in traditional financial metrics or utility. Investing in MEME, or any memecoins, requires a thorough understanding of its speculative nature and the cultural dynamics of the digital meme and NFT spaces. Its link to Memeland and the 9GAG brand does lend it visibility and potential influence, but this must be weighed against the inherent risks and the lack of traditional financial structures or promises. Its value as an investment is subjective and closely tied to one's understanding and appreciation of its place within the broader context of the digital asset ecosystem. As with any speculative investment, caution and a comprehensive understanding of the asset's nature are paramount.

Find out more about MEME (Memecoin):

• Homepage

• Explorer: Etherscan

• Whitepaper