Just like any other blockchain, in its list of Cardano ecosystem coins the Cardano blockchain also has meme coins. Cardano meme coins are many and varied, some have already rugged whilst one or two are providing great insights for the rest of the community and asking those tough questions of community members—both inside and outside Cardano.
Meme coins, including any Cardano meme coin, are a highly speculative assets, typically not having any use cases. The purpose of the original meme coin, Dogecoin, was to be a “joke” and almost every other meme coin has followed in its path. What meme coins do bring crypto, including Cardano meme coins, is a sense of community, and low priced fun.
Frequently Asked Questions
- Does Cardano have a memecoin?
Yes Cardano has several memecoins, some of which have already rugged and disappeared, others of which have built great followings and become a large community presence.
- What is a meme coin?
Meme coins are blockchain tokens that are typically designed around a joke or comical theme, and generally have no inherent use and, many will argue, little to no perceivable value. What value most Cardano meme coins garner is almost exclusively derived from community driven demand. The name meme coin, also memecoin, is derived from what is widely regarded to be the first memecoin ever created, Dogecoin. Dogecoin was designed around the popular internet meme Doge and its rise to memecoin stardom is often attributed to multiple endorsements by Elon Musk.