Most crypto users and analysts never envisaged the introduction of meme coins into the cryptocurrency market. Some have gained massive followings in the crypto space. Forbes Advisor classifies meme coins as not having much prospect.
Dogecoin (DOGE) – The Top Meme Coin
Dogecoin was introduced in the cryptocurrency market in 2013 as the first meme coin. It was designed by Jackson Palmer and Billy Markus to make fun of the growing cryptocurrency trends, particularly those of Bitcoin, at the time. Its token symbol ‘DOGE’ was a misspelling of ‘Dog’ for other comic effects.
Dogecoin (DOGE) attracted many crypto holders and traders after its public launch since it was the first meme coin. The intrigue it created caused many people to invest in it. Subsequently, the initial craze made Dogecoin (DOGE) rise to popularity in the cryptocurrency market. As the trend faded, Dogecoin’s value dropped. However, since most meme coins are affected by social media stunts and news, billionaire investor...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...