Launched in late October 2023, Memecoin hit a high of $0.1 in its first hour of trading on Binance in early November, a 9900% increase from its starting price of $0.001. Since this crazy moment, the price has stabilized between the support and resistance levels of $0.019 and $0.028, respectively. Our Memecoin price prediction shows MEME reaching a high of $0.036400 in 2024.

While it may have a common name, Memecoin took the crypto market by storm due to its association with the Memeland project, which is web3 venture studio by 9GAG staff. While people often say that Memecoin has no utility, functionality or intrinsic value, the value is still there.

In this Memecoin Price Prediction, we examine the factors that influence Memecoin price and provide a price prediction for the next few years based on these factors.

Memecoin Historical Price

In the first hour of trading on the Binance exchange on November 3, 2023, the price of Memecoin increased by 9900%, from 0.001 The US dollar rose to $0.1. The closing price for the hour was $0.026208, a 2500% increase from the opening price.

Since the first moments of chaos, Memecoin has been trading between $0.029402 and $0.018408. Memecoin appears to have found early price support at $0.019, with resistance at $0.028.

Memecoin Price Prediction 2024

Any price in the same corner is usually not based on the development of the protocol that it serves the utility of. Instead, its price is often (largely) influenced by community sentiment, hype, and news, which can increase and decrease demand for the token.

With this in mind, and the fact that it is clearly stated that “MEME has no functionality, no utility, and no intrinsic value”, the above unpredictable community metrics are what we have to base our Memecoin coin predictions on.

With a large amount (25%) of tokens released via airdrop to holders of Memeland NFT collectibles, and an additional 30% allocated to the ecosystem fund, this strong community is expected to keep the Memecoin token price up relatively stable.

We do have a Bitcoin halving event happening in early 2024 – but history tells us that the impact won’t start until 12-18 months after the event . External factors affecting crypto market prices in 2023 are SEC lawsuits against some of the largest cryptocurrency exchanges and the approval and rejection of Bitcoin ETFs.

Now that the court has ordered Greyscale’s ETF application to be reconsidered in late 2023, it has been noted that there are already 8-10 Bitcoin ETF applications submitted to the SEC. If any of them are approved, many people Thinking this is possible, then we might see a sizeable boost in the price of Bitcoin – with the rest of the crypto market following suit, of which Memecoin is now a part.

To sum up, for 2024, we expect Memecoin to rise moderately in 2023, with a maximum price of $0.036400, a minimum price of $0.017800, and an average price of $0.026800.

Memecoin Price Prediction Long Term Outlook – 2025-2030 Forecast

Trying to make a long-term price prediction for a recently launched coin is a difficult task at the best of times. Trying to do this for a memecoin that has no utility and functionality seems like a lost cause. However, memecoins have become an integral part of the cryptocurrency ecosystem, with the total value of all memecoins at the time of writing exceeding $17 billion, accounting for 1.29% of the entire cryptocurrency market.

So looking to the future, what can we predict for Memecoin? By 2025, we may see the market outcome of the Bitcoin halving, which typically occurs 12-18 months after the actual halving. If historical trends are followed, then Memecoin’s price will receive a significant boost from this move.

With 9GAG’s track record of success to date, multiple successful Memeland NFT series, and the successful launch and widespread acceptance of Memecoin in 2023, we can expect Memecoin to have a large and committed following that will support the price in the long term.

Our Memecoin price prediction for 2025 is a high of $0.095000, a low of $0.020000, and an average price of $0.035000. Looking ahead to 2030, trying to predict the Memecoin token price becomes difficult. By 2030, we may be out of the new ATH achieved after the 2028 Bitcoin halving event.

While the Memecoin token states that it has no utility, it is described on CoinMarketCap as “Memeland’s native ecosystem token… 9GAG’s web3 venture studio.

To sum up, we do expect several use cases for Memecoin as the 9GAG web3 ecosystem continues to grow. Will it become popular? Only time will tell. This is why our Memecoin price prediction for 2030 is 0.082000 Highs of $0.035000, lows of $0.035000, and median prices of $0.064000.

Potential Highs and Lows of Memecoin Coin Price

Currently, the future price of Memecoin is purely speculation sexual, thanks to the complete denial that the coin has any utility or functionality, making it a true meme coin. However, this does not stop - and may even increase - the number of people trading and speculating on its price. Here, We have collected our high and low price predictions for Memecoin, MEME.

What are other analysts’ predictions for Memecoin Coin?

Memecoin’s immediate popularity and memetic nature have led multiple analysts to speculate on where Memecoin might be on the charts in any given year.

Memecoin Coin Overview

Here are Memecoin’s leading and need-to-know statistics.

What affects the price of Memecoin Coin?

Memecoin Cryptocurrency prices are affected by a variety of factors. However, the most important factor it may be affected by is one that is not intended to affect it at all: the development of the Memeland ecosystem.

Memecoin is a pure meme token that has been described as having “no functionality, no utility, and no intrinsic value.” However, it is part of the Memeland ecosystem, and as such, it will be affected by development updates or news related to that ecosystem.

Beyond that, Memecoin will be heavily affected by news related to all memecoins, especially other coins also known as memecoins, as investors, especially new investors, may Will panic buying or selling the wrong coins in a frenzy.

Finally, Memecoin will also be affected by broader crypto market dynamics. This includes the Bitcoin halving, as well as any regulatory announcements affecting cryptocurrencies as a whole, as well as those focused on leading cryptocurrencies, specifically Bitcoin.

It’s not common for regulators or media to make announcements or pay a lot of attention to memecoins, but we can expect memecoin prices to react when they suddenly start to react.

What is Memecoin and what is it used for?

Memecoin introduced itself to the world on Twitter on April 19, 2023, with a simple tweet: “One $meme to rule them all. Memecoin is memelan, a web3 venture effort Room, from 9Gaga.

Memecoin, ticker $MEME, is a cryptocurrency built on the Ethereum network, and, according to its website and very brief Memecoin white paper, has no utility, no roadmap, and no promises. It is "actually a meme coin."

Memecoin was launched in various ways, including an ongoing airdrop that distributed 25% of the tokens to holders of various series of Memeland NFTs released since June 2022. There are also private sales, community presales, and participation in Binance’s Launchpool. Despite its lack of promise and value, Memecoin’s launch was a success.

Users can also farm Memecoin on the Memecoin website and earn Memepoints by completing tasks , and then harvest these tasks.

What is Memecoin used for?

Memecoin has no clear use case or utility; in fact, it describes itself as “just 100% memes.” However, on CoinMarketCap’s Memecoin page, it is also described as “Memeland’s native ecosystem token.”

Memeland is the web3 venture studio of 9GAG and currently has a large collection of NFTs, including a treasure hunt game. The name Memeland suggests a kind of metaverse, possibly related to social relationships and community building - since that's the company's focus. However, Memecoin has no clear utility so far.

Is Memecoin worth buying?

Utility, functionality, and popularity are often the factors that define the demand for buying and selling coins. Memecoin has only one of those things: popularity, and it has struggled to gain that and form what is generally considered to be a very loyal fan base.

Despite it being “just 100% a meme,” Memecoin held a private sale. This means that, somewhere, they raise funds for a specific purpose. They also have carefully curated and well thought out token economics, with different locking schedules for different token release formats. Overall, this all suggests that there may be more to Memecoin’s future than the team currently allows.

The team hails from the popular social networking site 9GAG, who have launched 3 successful NFT series through their web3 venture studio Memeland - of which CoinMarketCap says Memecoin is the native ecosystem token.

With nearly 300,000 members on the Memeland Discord server and 2.8 million followers on the Memeland Twitter account (Memecoin has 2.5 million followers), if Memecoin does achieve that almost elusive meme coin characteristic of utility, then it Likely to generate a lot of interest and a lot of future buyers.

Conclusion

Memecoin may be new to the cryptocurrency market, but it already has strong credentials as a member of the Memeland ecosystem, coming from the people behind the hugely popular website 9GAG.

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