Memecoins are a type of altcoin often based on popular internet memes or jokes. These cryptocurrencies are typically created for entertainment purposes and are especially popular among younger users. They are known for spreading rapidly on social media platforms. Memecoins generally have limited technological or use-case value and are primarily aimed at fun or building communities rather than investment. In this article, you will find answers to the questions: what is Memecoin (MEME) and where to buy MEME coin.
What is Memecoin?
Memecoin is a native part of the Memeland ecosystem operated by 9GAG. Memeland is the Web3 venture studio of 9GAG, a globally renowned meme platform. Memecoin belongs to the same ecosystem as other memecoins like Dogecoin 
$0.093257 (DOGE) and Shiba Inu (SHIB) and operates on the Ethereum (ETH) 
$1,970 smart contract platform. The utility token of this ecosystem is MEME coin.
Currently, MEME coin has a limited circulating supply, with 8.79 billion coins in circulation, which constitutes 12.75% of its total supply. MEME coin reached its all-time high (ATH) of $0.02506 on November 3, 2023, and is currently trading 31.49% below its ATH at $0.02909. With a market capitalization of $177.2 million, MEME coin ranks as the fifth-largest memecoin, following Floki (FLOKI), Pepe (PEPE), Shiba Inu, and Dogecoin.
Memecoins are generally considered high-risk assets due to their volatile price movements. It is crucial to conduct thorough research and understand the risks before investing in such assets. Additionally, one must be cautious of potential scams or fraudulent projects among memecoins.
Where to Buy MEME Coin?
MEME coin can be securely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. MEME coin was listed on Binance on October 31 and can be traded in the pairs MEME/BNB, MEME/USDT, MEME/FDUSD, MEME/TUSD, and MEME/TRY.
To buy MEME coin, users must first register on the Binance exchange if they don’t already have an account. Once the registration process is completed, users must transfer fiat currency like USD or cryptocurrencies to their Binance wallet. After the transfer is completed, MEME coin can be purchased in any of the aforementioned pairs.
To purchase MEME coin through the MEME/USDT trading pair on Binance, navigate to the trading interface for this pair. In the limit section of the trading interface, enter the desired amount of MEME coin to buy. After entering the amount, complete the purchase by placing a Buy MEME order.
