Memecoin
Definition, Meaning & Examples
Part of speech noun
Quick meaning: Memecoin is a noun meaning (cryptocurrencies) A cryptocurrency or token that is based on a meme or has a comedic trait.
Meaning
(cryptocurrencies) A cryptocurrency or token that is based on a meme or has a comedic trait.
Example Sentences
Get in on our crypto meme coin with this incredible presale offer. Each coin is just $9.95 but could be ten times worth that overnight!
But memecoins are simply online jokes converted into digital money, worth only what people are willing to pay for them. The most famous memecoin is Dogecoin, a cryptocurrency linked to a meme of a talking Shiba Inu puppy.
Memecoins are seen as a gauge of retail interest and risk appetite in crypto. When memecoin activity ramps up, it usually indicates that retail investors are participating and have an appetite to speculate further out on the risk curve.
Word Forms
- memecoins
- meme coin
Related Words
Related dictionary entries include meme, memehood, memer, memedom, countermeme, antimeme.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
Dictionary data is provided by FreeDictionaryAPI.com and sourced from Wiktionary under its stated license.