CandleFocus Old vs. New Memecoins: Is Utility the Key Difference?
2024-10-04
Author: Content Editor
This article discusses the evolution of memecoins in the crypto market and the differences between classic memecoins like Dogecoin, Shiba Inu, and Floki Inu, and the newer memecoins Pepe, SUNDOG, MEW, and NEIRO. The memecoin market cap is approaching $50 billion, consisting of both established and emerging memecoins. Classic memecoins have shown practical utility and have become integrated into specific blockchain industries, with examples such as Dogecoin being accepted for payments and Shiba Inu developing other blockchain products. On the other hand, emerging memecoins exhibit volatility and speculative behavior similar to early-stage memecoins, but they have the potential to find real-world uses in the future.
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