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Memecoin Price Today, MEME to USD Live Price, Marketcap and Chart

by | Mar 11, 2024 | Meme coins | 0 comments

What is Memecoin (MEME)?

Memecoin (MEME) is a cryptocurrency that has gained attention in the world of meme-inspired digital assets. It is the native ecosystem token of Memeland, a web3 venture studio created by 9GAG, a popular meme platform.

With a current price of $0.01755 USD and a 24-hour trading volume of $47,425,372 USD, Memecoin has managed to capture the interest of investors and enthusiasts in the crypto space. The market cap of Memecoin stands at $357,002,606 USD, securing its position at #156 on CoinMarketCap.

Memecoin’s Origin and Ecosystem

Memecoin was born out of the collaboration between Memeland and 9GAG. Memeland is a web3 venture studio that aims to bring the world of memes and internet culture into the realm of cryptocurrencies. By leveraging the massive user base and content creation capabilities of 9GAG, Memeland seeks to create a vibrant ecosystem around Memecoin.

9GAG, known for its vast collection of memes and entertaining content, serves as the foundation for Memecoin’s appeal. With millions of users engaging with the platform daily, 9GAG provides a fertile ground for the adoption and growth of Memecoin.

Memecoin’s Token Details

Memecoin has a total supply of 69,000,000,000 MEME coins, with a circulating supply of 20,344,374,612 MEME coins. The max supply cap adds a layer of scarcity to the token, potentially influencing its value over time.

It’s important to note that Memecoin’s price has experienced a slight decrease of 0.45% in the last 24 hours. However, the cryptocurrency market is known for its volatility, and price fluctuations are common.

Memecoin (MEME) Price, Market Cap, and Chart

Current Memecoin Price and Market Data

Price (USD) 24h Change Market Cap (USD) Volume (24h) CoinMarketCap Rank
$0.01755 -0.45% $357,002,606 $47,425,372 #156

The current price of Memecoin is $0.01755 USD, with a market capitalization of $357,002,606 USD. In the last 24 hours, the trading volume of Memecoin has reached $47,425,372 USD, indicating a significant level of activity and interest in the token.

Memecoin Price Chart and Price History

The price chart and price history of Memecoin provide insights into its performance over time. While the specific details of Memecoin’s all-time high and all-time low prices are not mentioned, it’s essential for investors to study the price trends and patterns before making any investment decisions.

Cryptocurrencies, including meme coins like Memecoin, are known for their volatility. Prices can fluctuate rapidly based on market sentiment, news, and various other factors. It’s crucial to conduct thorough research and consider the risks involved before investing in any cryptocurrency.

Where to Buy and Trade Memecoin?

Top Exchanges for Trading Memecoin

Memecoin can be purchased and traded on several top exchanges, including:

  • Binance
  • DOEX
  • Bybit
  • OKX
  • DigiFinex

These exchanges offer various trading pairs and liquidity options for Memecoin, allowing users to buy, sell, and trade the token conveniently.

How to Buy Memecoin on Exchanges?

To buy Memecoin on an exchange, you typically need to follow these steps:

  1. Create an account on the exchange of your choice.
  2. Complete the necessary verification process, which may include providing personal information and proof of identity.
  3. Fund your account with a supported cryptocurrency or fiat currency, depending on the trading pairs available.
  4. Navigate to the Memecoin trading pair (e.g., MEME/USDT or MEME/BTC) and place a buy order.
  5. Once your order is filled, the Memecoin tokens will be credited to your exchange wallet.

It’s important to note that the specific process may vary slightly depending on the exchange you choose. Always refer to the official documentation and guides provided by the exchange for detailed instructions.

What are Meme Coins?

The Origin and Evolution of Meme Coins

Meme coins are a unique category of cryptocurrencies that have emerged from the intersection of internet memes and blockchain technology. The concept of meme coins can be traced back to the creation of Dogecoin in 2013.

Dogecoin, featuring the iconic Shiba Inu dog named Kabosu, was created as a joke by Billy Markus and Jackson Palmer. Little did they know that their creation would spark a whole new subset of cryptocurrencies centered around memes and internet culture.

The success of Dogecoin paved the way for other meme coins to emerge. Tokens like Shiba Inu, Baby Doge Coin, and Shiba BSC have followed in Dogecoin’s footsteps, leveraging the power of memes and community engagement to gain popularity and value.

The influence of prominent figures like Elon Musk cannot be overlooked in the rise of meme coins. Musk’s tweets and public statements about Dogecoin have often led to significant price movements and increased mainstream attention for meme cryptocurrencies.

Characteristics and Risks of Meme Coins

Meme coins are characterized by their lighthearted and humorous nature. Unlike traditional cryptocurrencies like Bitcoin and Ethereum, which focus on underlying value and utility, meme coins often prioritize entertainment and community engagement.

The purpose of meme coins is primarily to generate buzz, create a sense of belonging among holders, and ride the waves of social media hype. They often feature catchy names, adorable mascots, and meme-inspired branding.

However, it’s crucial to recognize the risks associated with investing in meme coins. These cryptocurrencies are highly speculative and volatile, with prices often driven by social media sentiment rather than fundamental value.

Meme coins may lack a serious purpose or have anonymous development teams, making it challenging to assess their long-term viability. Investors should exercise caution and conduct thorough research before allocating funds to meme coins.

Meme Coin Indexes and Benchmark Rates

MarketVector™ Meme Coin Index

The MarketVector™ Meme Coin Index is a unique index designed to track the performance of the six largest meme coins in the market. These meme coins are selected based on their association with characters, individuals, animals, artworks, or memetic elements that serve entertainment purposes.

By tracking the top meme coins, the MarketVector™ Meme Coin Index provides investors with a comprehensive view of the meme coin market and its performance over time.

Other MarketVector™ Crypto Indexes

Apart from the Meme Coin Index, MarketVector offers a range of other crypto indexes and benchmark rates:

  • MarketVector™ Bitcoin Benchmark Rate: Provides a robust reference price for Bitcoin in USD, focusing on accuracy and resilience against market manipulation.
  • MarketVector™ Ethereum Benchmark Rate: Offers a reliable price for Ethereum in USD based on one-hour median weighted prices.
  • MarketVector™ Institutional Bitcoin VWAP Close Index: Measures the performance of a digital assets portfolio investing in Bitcoin, with closing values based on 1-hour volume-weighted average prices (VWAP).
  • MarketVector™ Ethereum VWAP Close Index: Evaluates the performance of a digital assets portfolio investing in Ethereum, with closing values based on 1-hour VWAP prices.

These indexes and benchmark rates provide valuable tools for investors, researchers, and financial institutions to track and analyze the performance of various cryptocurrencies and digital assets.

It’s worth noting that the use of MarketVector indexes, data, or trademarks for commercial purposes, such as creating financial products, conducting research and analysis, or marketing, requires a license agreement.

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