A meme is an image, a video, or a piece of text that is copied and spread rapidly by internet users. They are typically humorous but can also be critical as well.
Memes are the digital equivalent of a catchy song, image, or video that gets viral through social media. They are often based on an event and sometimes created in imitation by others who want to replicate its success without any original thought put into it. They are transmitted by imitation and have three key characteristics: longevity - the ability to last through time; fecundity or fertility - the capacity for replication that causes them to grow exponentially among internet users, and fidelity - ensures the original content doesn't get lost among its variations.
Internet memes play a pivotal role in developing the collective psyche of all internet users. Many people don't realize how much internet memes have changed the culture over the past two decades. They have given voice to marginalized groups who want to share their perspective with others, created new spaces for discourse where there were none before, and had real-world impacts on politics.
Memes are such a great way for people to get the attention of their audience and transmit ideas. Not only do they work well as an advertising tool, but some founders rely on memes to gain more recognition of what they are doing with innovative fields, like cryptocurrency.
The crypto space has been a hot topic for the past few years. It seems like crypto memes are taking over the internet, and it is hard to find anything crypto-related without stumbling on one. They represent an escape from the crypto market downturn and also promote new ventures that are taking place in the crypto space. Memes can be seen as a way for such enthusiasts to connect with the extended community.
A memecoin is a cryptocurrency based on internet jokes. The first-ever, Dogecoin, was also the most popular at its inception, but today it stands out for being successful.
Many people think that cryptocurrencies are a joke, but some investors who don't usually invest anywhere have invested due to fewer barriers to entry and a huge variety. Many have done fairly well in this industry, and some investors have already made loads of money from them!
When it comes to cryptocurrencies, the difference between a meme coin and "proper" crypto coins, like Bitcoin or Ethereum, is that the latter have utility while the first one is purely for entertainment purposes. Meme coins are often easier to buy (as their values are usually in cents) and more volatile than other cryptocurrencies. Conversely, Bitcoin, Ethereum, and numerous other projects have a purpose that makes them more viable than just being a get-rich-quick scheme.
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