There is no cap on the maximum supply that can be in circulation. There are over 1.44 million tokens created daily, which are then stored in the miners’ wallets or sold on the market. When it comes to mining Dogecoin, miners can earn up to 10,000 DOGE tokens per block that are created every minute. That is, depending on the number of confirmations required, the transaction speed for Dogecoin to an exchange can take up to 60 minutes. It has a block time of one minute which is ten times faster than Bitcoin. Top Meme Coins By Market Capalizationĭogecoin is a decentralized token that can be mined using Scrypt technology. That being said, there are risks involved that need to be weighed up as there have been many cases of rug pulls within the meme coin ecosystem – making investors wary about investing in meme coins. Often conceived as a joke, coins like Dogecoin have taken a serious route and involved the crypto industry's big players. Can You Invest In Meme Coins?įor investors that want to buy meme coins, they offer an alternative and high-risk investment option that can be bought on centralized and decentralized exchanges. Dogecoin (DOGE) and Shiba Inu (SHIB) are examples of meme coins that have had utility and purpose added to their projects to become some of the world's most traded assets that can be acquired from cryptocurrency exchanges. However, the value of meme coins is usually dependent on the level of promotion and resulting community hype. Many meme coins were initially intended to act as a joke and don't typically carry a lot of value. Meme coins are digital assets that were developed on the back of funny memes or aspects of pop culture.
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