Meme coins – jokes to earn crypto

There's a grain of profit in every joke! It's true because these days, memes are not only fun and joy - they also can be in the form of crypto assets that can bring high income. In the vastness of crypto platforms, you can notice the top cryptocurrencies that have gained popularity thanks to the wave of meme hype. It remains only to understand how you can make money on them, whether there are risks, and what the pros and cons of such coins can be identified.

History of the first meme coin 

The appearance of meme coins, particularly Dogecoin, has been one of the most fascinating phenomena in the world of cryptocurrency in recent years.

Back in 2013, software engineer Jackson Palmer, who followed the developments in the world of cryptocurrencies, wrote on Twitter in sarcasm: “I invest in Dogecoin. I am confident that Dogecoin will be the next big thing," alluding to the popular meme. After a while, he bought the domain Dogecoin.com. His future partner Billy Marcus at the time wanted to create his own currency, which would have nothing in common with Bitcoin and at the same time would be closer to people. The two worlds came together when Billy, seeing a new unique domain, wrote to Jackson and they started working on the code for the project together. 

DOGE's popularity surged even further in 2021 when celebrities and influencers including Elon Musk began tweeting about it, causing its value to skyrocket.

Meme coins take over the world

While Dogecoin was initially created as a joke, its success has sparked a wave of imitators - other meme coins such as Shiba Inu and SafeMoon gained significant attention and investment. To date, CoinMarketCap has over 300 currencies in the Memes section! Let's consider the diversity of meme coins and understand why they are able to take over the crypto world.

The second most traded (by volume) currency after DOGE is Shiba Inu (SHIB), then FLOKI (FLOKI), Volt Inu B2 (VOLT), Bone ShibaSwap (BONE), and others. They embarked on the path of popularity due to their attractiveness and genuine interest from the community. 

While many experts caution that the hype surrounding meme coins may be unsustainable, their rise is highlighted by the power of social media and the adoption of new cryptocurrencies.

On BetFury, you can play with two top meme coins - DOGE and SHIB. Perhaps, after a while, the meme universe will expand and Mr. Fury will decide to add other meme coins for entertainment to our platform. Right now you can get free DOGE and SHIB in Fury Wheel, as well as play amazing Slots and In-house games with up to 99.02% RTP. Besides, you can use DOGE and SHIB for Mining BFG tokens! Thus, trading meme coins is not the only option, as you can show your skill for multiplying your assets by playing on BetFury.

Meme coins pros & cons

Is it profitable and safe to invest and use meme coins? Let's move on to weigh the pros and cons before answering this question.

MemoPros

• Funny asset type
  The coin meme can be easily used to learn about cryptocurrency and blockchain technology. They are "pleasant" to own, because they are youthful and fashionable. Imagine telling your friends that you grabbed a lucky dog by the tail and won a lot of DOGE! Therefore, we can say that this is a definite plus of the currency, its coolness.
• Profit from growth in value
  Many meme coins depend on a meme power and of course on the community. Some currencies rise in value quite sharply (compared to conventional currencies) due to the hype around them. You should seize these moments and buy the crypto meme, believing in its continued success.
• Joining crypto communities
  This means your potential participation in certain active investment and trading communities.

MemoCons

• High risk and volatility
  They are highly speculative and can be subject to extreme volatility, meaning that they are a riskier investment than traditional options.
• Pump and dump scam
  You can mistakenly consider the currency to be progressive and profitable, and this will turn out to be a common fraud from the outside.

Therefore, the rise of meme coins may seem like a bubble waiting to burst, but some experts argue that they represent an important evolution in the world of cryptocurrency. Meme coins are a reflection of the growing influence of social media and community-driven initiatives, as well as the increasing demand for alternative forms of currency outside of traditional institutions.

In conclusion, the coin meme is an amazing idea that merged the serious crypto tech field and lol kek memes. This is how we must move forward - confidently and with a smile on our faces! Play on BetFury with meme coins, have fun, and earn money.