While the crypto sector is no stranger to controversy, meme coins represent an especially polarizing type of token. Meme coins are essentially tokens whose name, image, and general concept are based on an internet meme or a pop culture reference. Because of these foundations, many, even the most committed crypto lovers, do not see them as legitimate tokens.
The first meme coin was Dogecoin, which was founded in 2013 and is based on the popular Shiba Inu dog meme. In the decade since it was created, meme coins have exploded in popularity. As Michael explains, top meme coins can see millions of dollars in investment each month and are more publicly visible than ever.
Even though they continue to be maligned by critics, they are still on track to succeed for the following reasons:
They Offer Utility
Speak to any critic of meme coins and one of the most common arguments you’ll hear is that meme coins don’t ‘do’ anything and thus, are not valuable. A token like XRP ca
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