October 2, 2022
Meme Coin

Meme Coin Price

Users can get paid for sharing memes on the Memecoin (MEM) platform, which is entertaining and participatory.

Online meme hunters are constantly looking for fresh memes, thus the site gives users the chance to post their finds on Meme.com and be compensated for them.

The users receive the returns in the form of MEM or NFTs (native tokens). This article will dive deeper into Meme coin price.

What is a Meme coin?

A memetic asset protocol is Meme.com. A memetic asset is a synthetic asset whose value is derived not from an underlying asset but from the perceived worth of the trending asset.

The platform can evaluate the information and network impacts as a result.

On the platform, MEM tokens can be used to pay for upgrades, card creation, and obtaining MEM tokens.

A meme token also serves as evidence that a person believes a specific meme.

When using the Meme coin to buy a meme, you obtain the meme token.

According to the whitepaper, individuals can make money from their memes by paying a nominal charge to turn their memes on Meme.com.

Additionally, traders can buy their memes, and users will receive prizes for doing so.

On Memecoin, users may earn rewards in the following ways:
  • The software enables Meme coin staking, which pays users with NFT known as Meme Art.
  • Gaining market share in the Meme coin industry as compensation.
  • Trendspotting compensation for spotting trends with future potential.
  • Owning MEM in numerous marketplaces to control demand is a quest reward.
  • With the use of rewards, MEM, an ERC-20 token, can be utilized in growth pools to promote growth network effects.
  • These incentives include funding to the developers, airdrops to the early community, and user participation and gaming awards.
  • The token can be used to create cards, buy meme tokens in meme marketplaces, and conduct transactions on Uniswap.

Meme coin price prediction

Memecoin’s price is falling this week. Meme coin’s price has decreased by 22.53% over the last 7 days.

On the previous day, the price dropped by 2.50%. The cost dropped by 2.60% in the previous hour alone.

The price per MEM at the moment is 2.24119. Memecoin has fallen by 97.98% from its record high price of 111.09714. There is currently zero MEM in circulation.

Some typical queries relating to Meme coins

Describe a meme coin.

A cryptocurrency known as a meme coin was inspired by a popular online joke or image.

A cryptocurrency known as a meme coin was inspired by a popular online joke or image.

Some of these currencies later became well-liked investment prospects, with online communities playing a significant role in their development.

How to buy a Meme coin?

Memecoin, for example, may only be purchased on decentralized exchanges using another cryptocurrency.

You must first buy Ethereum (ETH) in order to purchase Memecoin, which may then be done with ETH.

And you need a wallet known as a self-custody wallet to do so.

Here’s how you can do so using Coinbase Wall

  • Install the Coinbase Wallet.

You must use a self-custody wallet, such as Coinbase Wallet, to buy meme coins.

Both a browser extension and a mobile app are offered for Coinbase Wallet.

  • Pick a username for your Coinbase Wallet.

You must select a username while configuring your Coinbase Wallet. With this login, other Coinbase Wallet users can send you cryptocurrency with ease. The username is optional, however, it is necessary to access the account.

  • Safely keep your recovery phrase in mind.

You’ll receive a recovery phrase made up of 12 random words when you establish a new self-custody wallet.

Your recovery phrase serves as the encryption key for your crypto, making it accessible to everyone who knows it. Never divulge your recovery phrase to anyone.

In addition to using the cloud backup function of Coinbase Wallet, we highly advise writing these down on paper and storing them securely. Never divulge your recovery phrase to anyone.

Never provide your recovery phrase to Coinbase.

Coinbase is unable to assist you in gaining access to your wallet if you forget your recovery phrase.

  • Recognize and prepare for the Ethereum network fees

Fees vary according to the amount of traffic on the network, the complexity of the transaction, and how quickly you need the transaction to be finished.

Consider saving some cash for fees.

  • Purchase and send ETH to your Coinbase Wallet

To purchase Ethereum, you must first open a Coinbase account if you don’t already have one (ETH).

Find out more here about how to sign up for a Coinbase account and purchase Ethereum (ETH).

Using the Chrome extension or the mobile app will affect how you send ETH to your Coinbase Wallet.

  • In the trade tab, use your ETH to purchase Memecoin.

Memecoin may be bought from within the Coinbase Wallet app on mobile devices.

On the Coinbase Wallet App image, click. Then select the “Trade” option to exchange ETH for any “ERC-20 token” (a token that runs on the Ethereum standard).

Activate “choose coin” and choose Memecoin.

Enter the amount of ETH you want to convert to a Meme coin. Keep in mind to budget for transaction costs.

Confirm your purchase and follow the on-screen instructions to complete.

Select “Convert” from the menu if you’re using the Coinbase Wallet extension.

Enter the amount of ETH you want to trade for a Meme coin and search for a Meme coin.

Keep in mind to budget for transaction costs. Confirm your purchase and follow the on-screen instructions to complete.

What was Meme’s highest selling price?

On March 24, 2021, Meme reached an all-time high of $3,974.52. (over 1 year).

What was Meme’s lowest price?

On March 3, 2022, Meme reached an all-time low of $0.000000000000. (6 months).

What was Meme’s daily trading volume?

Meme had a $134.06 trading volume over a 24-hour period.

Where can you trade Meme coins?

Meme can be trade on Poloniex and Uniswap (v2).

Meme is a common trading pair on the market, with popular trading pairs being MEME/USD, MEME/CAD, MEME/EUR, MEME/PHP, MEME/INR, and MEME/IDR.

Leave a Reply

Your email address will not be published.