In 2021, the crypto space is experiencing something rather interesting. The market is being flooded with memes. Meme tags are being turned into cryptocurrencies, and people are actually buying into them!
Meme coins have skyrocketed, both in value and in variety. Following the success of Dogecoin, and with the increasing acceptance of crypto in general, the market is positively booming with meme coins. Their popularity is largely linked to their connections with social media influencers and celebrities. These people are being paid to advertise the coins, causing public interest in them to rise at a rapid rate. However, many attribute the rise of meme coins to Elon Musk, who is an avid supporter of DOGE.
What may have started as a joke — Dogecoin — no longer seems funny! Meme coins are rising in value and in popularity, with entrepreneurs like Elon Musk getting in on the action. Whether or not you jump on the bandwagon is totally up to you, just remember to do your research and keep all the facts in mind.
