Meaning of memecoin | Babel Free

Definitions

A cryptocurrency or token that is based on a meme or has a comedic trait.

Examples

“But memecoins are simply online jokes converted into digital money, worth only what people are willing to pay for them. The most famous memecoin is Dogecoin, a cryptocurrency linked to a meme of a talking Shiba Inu puppy.”

“Memecoins are seen as a gauge of retail interest and risk appetite in crypto. When memecoin activity ramps up, it usually indicates that retail investors are participating and have an appetite to speculate further out on the risk curve.”

“Get in on our crypto meme coin with this incredible presale offer. Each coin is just $9.95 but could be ten times worth that overnight!”

CEFR level