If you’re like most people, you probably think of cryptocurrency as a serious investment. And while that’s certainly one use for it, there’s another side to crypto that’s gaining a lot of traction lately: meme coins.
One such coin which has become the most searched meme coin in the crypto world is Toon Finance Coin.
As of last week, Toon Finance has successfully completed the first stage of its presale, bringing in over $3 million.
While the concept might sound silly, meme coins are actually gaining in popularity, with Toon Finance being one of the most popular meme coins on the market today.
So, what is Toon Finance, and why are meme coins becoming so popular?
Let’s take a closer look.
Meme coins are simply cryptocurrencies that have been created as a joke, inspired by popular internet memes. However, don’t let their humble beginnings fool you; these coins can actually be quite valuable.
In fact, the two most popular meme coins, DOGE and SHIB, are currently worth over $18 billion and $15 billion, respectively.
So, why are meme coins like Toon Finance gaining in popularity?
There are a few reasons.
First, crypto investors are always on the lookout for new and innovative projects, and Toon Finance certainly fits that bill. On coinmarketcap.com and crypto.com, Toon Finance is the most popular and sought-after ICO. Toon Finance Doge and Shiba Inu Coin are now the best meme coins to invest in, and they will come up at the top of any search you conduct.
Second, meme coins are seen as a more fun and approachable way to get into the crypto world. Meme culture is incredibly popular right now, especially among younger generations. Their popularity has been bolstered by a number of high-profile backers, including Elon Musk, Mark Cuban, and Snoop Dogg.
And lastly, The cheap prices and abundant availability of many meme currencies make them attractive to casual investors. Even crypto investors look at meme coins as a way to make money, and investing in meme coins has proven to be a profitable endeavor for many people.
Now that we’ve got a general idea of what meme coins are and why they’re gaining popularity, let’s take a closer look at two of the most successful examples: DOGE and SHIB.
DogeCoin – The OG Meme Coin
Dogecoin began as a joke in 2013, inspired by the Shiba Inu “Doge” meme. Despite its inauspicious start, Dogecoin quickly grew in popularity due to its low transaction fees and fast transaction times.
As of May 2021, Dogecoin has a market capitalization of over $18.7 billion and is currently the eleventh-largest cryptocurrency by market cap.
Dogecoin is a cryptocurrency that operates on a decentralized, peer-to-peer network and is used for online monetary transactions. Dogecoin is based on the Litecoin protocol and employs the Proof of Work (PoW) consensus algorithm to validate transactions and create new coins during mining.
DOGE has shown that a “meme coin” can generate profits for its supporters and investors just like any other cryptocurrency. For example, in May 2015, the price dropped to a record low of $0.0000869. And last year, it reached an all-time high of $0.688.
Why Is Dogecoin So Popular?
Unlike Bitcoin or Ethereum, there is no maximum supply of DOGEcoins.
The key to Dogecoin’s success has been its loyal community, which has helped to promote the coin and make it mainstream. While other meme coins have emerged in recent years, none have been able to match the success of Dogecoin.
In the crypto industry, Musk is without a doubt, the single most influential person due to his repeated ability to move the price of DOGE with simple tweets. He has also publicly stated that DOGE is his preferred cryptocurrency.
Another major cryptocurrency influencer, Snoop Dogg, has been quite public in his support for the DOGE token. Snoop Dogg’s tweet of a Shiba Inu dog meme in February of last year sparked a 55% one-day surge in the DOGE coin’s value.
Shibacoin – Dogecoin Killer
Shibacoin was created in 2020 as an alternative to Dogecoin. Like Dogecoin, Shibacoin was based on the Shiba Inu “Doge” meme.
However, Shibacoin differentiates itself with its use of the Ethereum blockchain and its focus on privacy and security.
As of May 2021, Shibacoin has a market capitalization of over $15 billion and is currently the 15th-largest cryptocurrency by market cap.
In order to spread the word about their cryptocurrency, the creators of SHIB have used an unorthodox approach. Similar to the new Toon Finance coin, SHIB has focused on community building through free coin giveaways and events rather than traditional advertising.
Why Is Shibacoin So Popular?
Often referred to as the “Dogecoin killer,” SHIB has gone from having no value to making its backers a fortune.
The SHIB market cap reached over $40 billion in October 2021, less than two years after the token’s launch.
Since then, the value of meme coins and all other cryptocurrencies has plunged, but it still holds a market valuation of roughly $15 billion, second only to DOGE.
The usage of “burn rates” is one of the most distinctive aspects of Shiba Inu currency. Ten percent of each SHIB token transaction is “burned,” or destroyed and taken out of circulation.
The goal of this approach is to make the remaining SHIB tokens more valuable by increasing their perceived scarcity. There is also a burning of all Shiba Inu network transaction fees that further limits the total number of SHIB tokens in circulation.
Shiba Inu coins are also famous for their “tribalism,” system. This system encourages people to hold their SHIB tokens instead of selling them, so they can get rewards for helping run the network, and early access to new features or products.
The SHIB token’s creators want to promote a more dedicated user base by urging token holders to keep their tokens for the long haul.
What is Toon Finance Coin?
Toon Finance Coin is a new entrant to the world of meme coins. It is a deflationary cryptocurrency with a number of unique features. Toon Finance Coin is now taking the crypto world by storm with its innovative platform that offers DEX, Cross Chain Bridge, Space Grounds game, and more.
Toon Finance is a decentralized finance (DeFi) project that is built on the Ethereum blockchain. The project is designed to be an ecosystem of interconnected apps and protocols that enable users to do everything from earning interest on their digital assets to buying, selling, and trading a variety of different assets.
Toon Finance Coin also has a total supply of 1 billion Tokens which makes it rarer than both DOGE and SHIB. A presale for 50% of Toon Finance Coins began on October 10th, 2022, and has already received a tremendous amount of interest from investors, traders, gamers, and fans.
Toon Finance is planning to debut its coin in January 2023. They also have a tasty NFT collection that will be available only to members of their original Toonie community. The NFT collection has 3D cartoon characters, and just 10,000 of these one-of-a-kind rare Toonies will be produced.
Can Toon Finance Coins Be The Next Big Thing In Crypto World?
With the recent success of meme coins like DOGE and SHIB, crypto and market experts are calling Toon Finance the next big thing.
The Toon Finance coin stands out from the crowd because of its low price relative to competing cryptocurrencies. The platform’s decentralized structure is largely responsible for making this possible. The system eliminates the need for a central bank or other intermediaries in the transactions involving the fund.
This means you can avoid the cost of using a third-party wallet service for the transaction. Investors using the decentralized platform pay only a modest network fee for each trade they make. This is relevant to the blockchain technology you’re using.
Toon Finance has its own currency, TOON, which can be used to purchase products and services on the platform. The TOON currency is also used to reward users for participating in the Toon Finance community. With its unique focus on community and fun, Toon Finance has the potential to become the next big thing in the world of crypto.
What Makes Toon Finance Coin Unique?
TFT is a lot more than just a meme coin; it is building a decentralized exchange, player vs player battles, and introducing its own collection of NFTs. The project has the potential to revolutionise the gaming industry by creating a truly decentralized ecosystem where players can trade, battle, and collect without the need for third-party intermediaries.
Toon Finance Protocol’s primary benefit is that it’s a DEX or decentralized exchange. This is a standout feature in comparison to other meme currencies, all of which are run by centralized systems. Toon Finance uses the DEX, providing investors with an extra layer of protection.
One of the most significant benefits of the DEX system is that it does not have a central point of failure that hackers might target in order to cause harm to the users. Because of this, backers can relax knowing their money is secure. DEX also eliminates the need for an intermediary in financial transactions.
TFT is already off to a strong start, with a growing community of passionate supporters who are helping to build the platform and drive adoption. With so much potential, TFT is definitely one to watch in the coming months.
The team behind Toon FinanceCoin is dedicated to providing a fun and easy way for people to get involved with cryptocurrency.
So far, they have succeeded in creating a platform that is both user-friendly and packed with features. I think that Toon Finance Coin has a lot of potential and I am excited to see how the team continues to grow and develop the platform.
If you are looking for a new crypto coin to invest in, I recommend keeping an eye on Toon Finance Coin.
Where Can I Buy a Toon Finance Coin?
If you’re unfamiliar with Toon Finance coins, you may be wondering where to buy some. The following are some steps that will be of assistance:
1. You need to have Ethereum in a wallet (ETH)
2. For the exchange, either TrustWallet or MetaMask is a viable alternative.
3. You can get some Toon Finance Coin by loading your wallet with Ether.
4. To make a purchase, you will need to link the buy page on Toon Finance website to your wallet.
5. Now select the number of coins you wish to purchase with Ethereum.
6. Once you click the buy button, the Toon Finance coins will be sent to your wallet.
Will Meme Coins Have a Future?
It’s impossible to say for sure whether or not meme coins will have a future as legitimate forms of currency.
However, given the current popularity of meme culture and the potential profit to be made by investing in meme coins, it’s safe to say that they will continue to gain in popularity in the months and years to come.
So if you’re looking for a new and exciting investment opportunity, you may want to consider putting some money into meme coins like Toon Finance. Who knows? You could end up making a fortune!
Conclusion
The world of cryptocurrency is always changing—and the latest trend is meme coins. These coins are typically created as jokes but have quickly gained popularity due to their low transaction fees and fast transaction times.
Currently, the two most popular meme coins are DOGE and SHIB; however, there’s a new kid on the block that many believe has the potential to surpass both of them in terms of value and utility: Toon Finance Coin.
As a result of its strong returns and successful presale, this currency is generating a storm in the crypto trading industry. The initial presale phase was successful, and the platform is now in the next phase of development.
Those interested in participating in the presale of this new meme coin can do so using the Toon Finance Protocol platform.
People often miss out on opportunities because they don’t know the value of participating in an ICO presale in its earliest stages.
Aside from increasing your chances of receiving your money back if the ICO fails, this will also net you a sizable bonus on your investment.
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Source: https://coinpedia.org/press-release/killer-meme-coins-toon-finance-doge-shib-and-more/