error

Meme Coins VS Utility Tokens

Rematic Education

Have you heard of meme coins or utility tokens? There’s a lot of buzz around the internet right now, but what are they, and where do you invest them? As you will soon discover, both types of coins have different goals, use cases, and envisioned audiences.

What Are Meme Coins

Meme coins are the latest trend in the crypto world. These tokens are cryptocurrencies related to memes, jokes, and other internet phenomena. Compared to major cryptocurrencies like Bitcoin and Etherium, they tend to be very volatile. It is also true that the cryptocurrency market, in general, is very volatile, especially lately. That being said, meme coins tend to be more volatile than Bitcoin or Ethereum. The volatility is probably because meme coins are a lot about the community. Their prices are often affected by what people say about them on social media and other online platforms. Social media and online communities create a lot of hype, fear of missing out (FOMO), and financial risk. Some traders have become rich with meme coins, but many others lost money because of the unstable market. 

The meme coin community may argue that meme coins have utility, but meme coins don’t. When meme coins were first introduced, they had no utility. Some of the larger meme coins may mention a specific utility. While that may be the case, the utilities mentioned in their whitepapers aren’t as useable as a token specifically designed to provide utility. 

Doge Coin and Shiba Inu are probably the most popular meme coins to date. Keep in mind as you do your own research, that any project or token you’re looking into needs to be taken with a grain of salt.  

What Are Utility Tokens

Utility tokens give their owners a good, a service, or both. They are often used to connect to a network or platform. Utility tokens are usually not regulated, and they help a project’s blockchain build an internal economy.

Because they can be put to such a wide variety of uses, utility tokens are currently very important. Because of these various use cases, they are both useful and valuable. Utility tokens are digital assets that can be used for a variety of purposes, including funding the development of projects, facilitating payments for decentralized services, and more.

Crypto-memes are more for the community’s entertainment than for making money for memes. Utility tokens are the best choice for crypto fans who want to make money with crypto. But it’s important to remember that “investing” in a meme coin comes with some risks. When these coins do well, the people who made them tend to vanish into thin air. In addition, meme coins and utility tokens have different values, depending on how much you value those various aspects of ownership. Ultimately, you should work hard to determine which coin or token fits your personality and financial goals. Watch this video to learn more: https://youtu.be/rMQgDFxsGxw. 

Rematic Tokens produces content in a video series called Rematic Education and in a blog format to educate investors about cryptocurrency. Visit our website to learn about Rematic Tokens: www.rematictokens.com and join our discord channel to know the latest news about our upcoming projects: https://discord.com/invite/Dtkgfxyzvh