memecoin
What is the opposite of memecoin? Here is what we hold, with its meaning and related words.
Noun — A cryptocurrency built around a joke, an internet meme or a public figure rather than around any technical purpose, whose value comes almost entirely from how much attention it attracts.
How to use memecoin
The word patterns that sound natural to a native speaker.
launch a memecoin
memecoin mania
a dog-themed memecoin
memecoin trader
Informal but standard, and used without judgement in reporting. Spelled as one word (memecoin) or two (meme coin); both are common.
Etymology
A compound of meme and coin.
Full origin of memecoin →Frequently asked questions
What is the difference between a memecoin and a utility token?
A utility token is issued to be used for something within a particular system, such as paying fees or accessing a service. A memecoin makes no such claim; it exists as a tradable joke or a community badge. The distinction is about stated purpose, and some tokens sit awkwardly between the two.
Is a memecoin the same as a shitcoin?
No. Memecoin describes the theme of a coin, while shitcoin is an insult about its quality. The words are often used about the same token, but a project can be called a memecoin quite neutrally, including by the people who made it.
Where does a memecoin's price come from?
Only from what buyers and sellers agree to pay at a given moment, since there is typically no revenue, product or asset behind it. That makes prices unusually sensitive to social media attention and to the actions of a small number of large holders. Movements can be very large in both directions and over short periods.
