Memetic Coin – An Innovative Cryptographic Currency
Memetic Coin is a cryptocurrency. For some time now, there’s been a real gold rush on the money market: cryptocurrency. What exactly is a cryptocurrency? In short, it is a currency that does not require a state or a state central bank and exists virtually.
Cryptocurrencies stand for a new level of flexibility, high standards of security and perhaps, most importantly, anonymity. It is therefore no surprise that more and more consumers are considering switching to digital currencies.
The advantages of such a step would be enormous. For example, such currencies could permanently simplify and democratize the financial sector. Banks would no longer dominate money markets and private investors would have the chance to earn high returns.
As a result of the unprecedented boom, more and more new cryptocurrencies are emerging. The Memetic coin distinguishes itself by its high level of flexibility. It enables quick and easy transfers and is not limited to a specific market demographic.
Similar to the pioneering cryptocurrency, Bitcoin, the Memetic coin relies on blockchain technology.
This digital chain stores the information for all transactions. It functions as a secure alternative to large centrally-installed servers. This means that the state, other institutions and criminals cannot gain access to user identities.
Who Can Benefit From Cryptocurrency Investment?
If you don’t want inflation eating up your savings, you may want to think about making a sensible investment. Unfortunately, savings accounts are quite limited in choice and returns. Classic savings accounts and other financial products often offer a maximum yield of one percent per year. The alternative of bonds, which are regarded as relatively safe, also offer quite low rewards.
Another option is of course shares, though these can come with high risks, so private investors are extremely wary of the stock market. Only a small minority own shares these days. Since the tried and tested possibilities are no longer attractive in practice, a new and innovative alternative is needed.
Cryptographic money like the Memetic coin is one such alternative. By limiting the amount of coins issued, there is an assurance of no sudden falls in prices. At the same time, such currencies are aimed at the entire population.
The more people discover cryptocurrencies, the better the chance of value increases. In turn, an increase in the share price is characterized by regular income for investors.
The Memetic Coin and Market Capital
The market capital is often used to determine the popularity of a cryptocurrency. It is the sum of the current price per coin multiplied by the available number of coins. If an investor were to decide to buy up an entire currency, he would have to pay the market capital as the price.
Increasing awareness and popularity of a cryptocurrency generally results in strengthening of the market capital. A comparatively low value would suggest that a coin is still relatively unknown. Unknown currencies, on the other hand, offer an extremely high potential for appreciably increasing in value in the future.
So let’s take a look at the market capital of the Memetic coin and try to draw conclusions about its future. As of now, the Memetic coin (MEME) has reached a market capital of over 3 million US dollars. This is a remarkable figure, but further rises are likely to be seen in the future.
Meanwhile, the cryptographic currency can be traded on a number of well-known cryptocurrency exchanges, including Cyrptopia and Bittrex. Incidentally, the exchange rate per coin is quite low at around twenty cents. This means that coins can be purchased on request without having to go to a financial stress level.
How Can Memetic Coin Develop Further?
It’s easy to imagine further potential development for the Memetic coin. The development team is already hard at work improving the currency.
Both the integrated blockchain and other security mechanisms are set to become even more secure in the future. The level of user-friendliness is also set to improve, since the developers are focusing on those who may not have a high level of digital proficiency.
Thus, the Memetic coin will allow anybody to enjoy the many advantages of digital currency without any in-depth knowledge. At the same time, new data protection and privacy development is underway. Nobody is obliged to pass on their personal data to third parties.
This is a decisive advantage in the age of state control and surveillance. The introduction of this cryptocurrency to New York’s Wall Street or other major stock exchanges also makes it a lucrative venture. The presence of this cryptocurrency on major financial markets would have a hugely positive effect on share prices.
The Memetic Coin – In Conclusion
With the Memetic coin, an experienced development team has achieved a small revolution. The cryptocurrency could soon present real competition to nation-state currencies and commodities, like gold and silver. This is a great opportunity for the consumer because cryptocurrency promises maximum data protection and high levels of privacy.
Flexibility and easy transactions are further advantages. The current market capital of this coin still offers sufficient room for upward manoeuvre. The earlier an investor joins Memetic coin, the greater the potential profits.
Alexander Weipprecht is the managing partner of Provimedia GmbH. As a trained IT specialist for application development, he has been advising leading companies on the following topics for more than 10 years: online marketing, SEO and software. Cryptocurrency is becoming increasingly important to businesses and investors. Through Coin Report and Krypto Magazin Germany, Alexander wants to give all people easy access to the subject matter.