Hey everyone, I’m Dr. Parik Patel, BA, CFA, ACCA, Esq.
For those of you who don’t know me, I’m a Chartered Fin-meme Analyst (CFA) and Twitter’s most qualified fintwit account.
Anyways, I’ve been told that I have a particular insight into the world of finance, memes and everything in between.
So the team at The Hustle asked me to share some of my insights into the various meme cryptos that have taken the market by storm.
So, without further ado, let’s get started:
Created as a joke alternative to bitcoin in 2013, this is the OG meme crypto, boasting a market cap of $38B+.
Featuring the majestic shiba inu doggo, the coin has developed a devoted following spanning cryptocurrency enthusiasts and people who like dogs… to Elon Musk himself, who announced in a tweet that he bought some for his son X Æ A-Xii so he can be a “toddler holder”.
Spurred on by endorsements from Musk, Kiss singer Gene Simmons, billionaire Mark Cuban and even rapper Snoop Dogg, the coin has had an impressive run.
It’s up more than 4,000% YTD.
Perhaps the world’s first NSFW cryptocurrency, this female-led coin known as $CUMMIES describes itself as “the deflationary DeFi token disrupting the adult industry.”
Far from just another meme, the coin can be used on Degenerate Money to purchase various adult content including NSFW NFTs. I may need to delete my search history after researching this one.
Launched just a few weeks ago, Safemoon took the meme cryptocurrency market by storm, hitting a market cap of $2.8 billion dollars in under a month and surpassing both DOGE and Bitcoin as the most viewed cryptocurrency on CoinMarketCap.
What makes it interesting: the coin punishes sellers by charging 10% of the trade with a portion of going back to the community.
Trading at just $0.000004884, the coin has a long way to go before reaching the moon, but with more than a million holders, this meme coin is just getting started.
On to less… sinful cryptos, Jesus Coin was launched in 2018 and rapidly hit a market cap of about $50B, describing itself as “the currency of God’s Son.”
Jesus Coin intended to outsource sin forgiveness and develop record transaction times between you and God’s son.
However, not even God himself could prevent this coin from going to zero. A stark reminder that not all memes last.
And finally, for all you food lovers out there, Garlicoin was launched in 2018 to “revolutionize the memecoin market”. Spurred on by the memecoin bull market, the coin has been on an epic tear, reaching a market cap of more than $20 million.
Describing itself as “secure” and “protecting you from crypto-vampires”, time will only tell where this kitchen staple will go next.
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