Meme Coin Trend is More Popular, Here are 4 Potential Meme Coin Categories!

Bittime - Mike Dudas, co-founder of The Block and crypto investor at 6MV, expressed his views on the rapid development of meme coins. 

According to him, meme coins have become a broad and interesting asset category, similar to NFTs which continues to grow. Dudas also divides meme coins into 4 categories. Anything? Read this article to find out! 

Meme Coin Trend: From Joke to Serious Asset

Initially, coin memes were thought to be just a joke. For example, Dogecoin, which was first launched in 2013, was created as a parody of the Bitcoin hype at that time. 

However, in recent years, Dogecoin has become one of the crypto assets with a high market capitalization.

Dudas revealed that currently meme coins have entered the serious asset category and have great potential. With so many new meme coin projects, Dudas said that these assets have undergone significant changes. 

As market interest increases, meme coins have also become a means of expressing pop culture, lifestyle, and even support for certain public figures.

Read Also: Bitcoin Price Stable, Time to Look at Meme Coin?

4 Meme Coins Categories

According to Dudas, there are four main categories of meme coins that are likely to dominate in the future, namely as follows.  

1. Community Coins

Community coins are a type of meme coin that is formed and supported by certain communities. This type of meme coin usually arises from the desire of community members to own assets that reflect shared values ​​or goals. 

With a strong fan base, community coin often has better stability than other meme coins because it is supported by an active and loyal community.  

2. Cult Coins

As the name suggests, cult coins or “cult coins” are a type of meme coin that attracts followers with an almost cult-like mindset. These meme coins tend to have a fanatical following with followers willing to provide unconditional support. 

Cult coins often get support from influencers or famous figures who promote them on social media. This can make the price of cult coins soar high, even though there is sometimes minimal technological development or clear utility.

3. Celeb Coins

The celeb coin category focuses more on associations with celebrities or public figures. This meme coin is usually formed as a form of support or appreciation for famous figures, such as celebrities, athletes or influencers. 

When a celebrity is directly involved or becomes the face of a particular meme coin, the coin will gain wider attention and popularity. NThe value of this asset does not only come from technology or community, but also from the celebrity's brand. 

4. AI Coins

The newest category of meme coins is AI coins, namely artificial intelligence is the main element in the formation and management of these coins. 

Meme coin will use AI to determine the direction of the coin's development, from trading mechanisms to asset management.

AI coins are believed to be a fast-growing category as AI technology is increasingly gaining attention in various industrial sectors.  

Development of Meme Coin

Dudas emphasized that the development of meme coins is currently experiencing significant changes. Various experiments are carried out by developers and investors to look for new things that are interesting for the market. 

Each meme coin category has its own characteristics and potential, allowing developers to create assets that suit investors' interests and needs.

With the increasing number of variations, meme coins are becoming increasingly relevant as an investment alternative and a means of digital expression. Just as NFTs paved the way for art-based digital assets, meme coins are now also creating a new investment trend.  

Read Also: List of Top Meme Coins on Sui Network Based on Number of Holders!

How to Buy Crypto di Bittime

Want to trade sell buy Bitcoins and crypto investment easily? Bittime is here to help! As an Indonesian crypto exchange officially registered with Bappebti, Bittime ensures every transaction is safe and fast.

Start with registration and identity verification, then make a minimum deposit of IDR 10,000. After that, you can immediately buy your favorite digital assets!

Check the exchange rate BTC to IDR, ETH to IDR, SOL to IDR and other crypto assets to find out today's crypto market trends in real-time on Bittime.