With a strong community and meme culture, the popular array of cryptocurrencies, memecoin is widely attracted by investors. Despite lacking utility and tangible value, their identity, amusement, and collaborative values, these coins are poised to gain high returns, making them far more than speculative assets. With the increased memecoin adoption, they are utilized in online casinos, where people play games to earn rewards. Utilizing memecoins instead of fiat currencies, memecoin casinos are gaining popularity. In this article, we’ll take a look at some of the popular memecoins used in crypto casinos.
What are Crypto Casinos?
In traditional online casinos, players utilize fiat currencies for deposits and withdrawals, similarly, a crypto casino uses crypto coins as a medium of exchange. Fiat currencies, which often take a long transaction time affect the seamless gameplay, while crypto coins offer almost instant transactions, attracting players.
Offering low-cost and high-speed transactions, crypto casinos are a viable alternative to fiat online casinos. It provides players anonymity, transparency, and community spirit, enhancing their overall gaming experience. Another major advantage of crypto casinos is, in casinos that use fiat currencies players often face accessibility issues, due to the lack of supporting currencies, but in crypto casinos, players can use crypto coins that have no topographic boundaries and limitations.
Popular Memecoins Used in Crypto Casinos
The crypto ecosystem consists of a large number of tokens, with different utilities and features, however, only popular and authenticated memecoins are used in crypto casinos, as they cause fewer risks compared to least known and merely hyped meme tokens. Below is a list of some of the most popular memecoins utilized in crypto casinos.
1. Dogecoin (DOGE)
Dogecoin is the world’s first and largest memecoin. Endorsed by popular celebrities like Elon Musk, the coin is widely accepted by investors and owns a market cap of around $25 billion. With its mass adoption and unique features, the coin is used in almost all crypto casinos.
What Makes DOGE Fit For Crypto Casinos?
- Fast Transaction Speed:
Conducts 33 transactions per second, beating popular cryptos like Bitcoin and Ethereum.
- Anonymous Gambling:
It doesn’t require KYC verification, enabling players to gamble without revealing their identity.
- Authenticated:
Doge is an established coin and is trusted by a large number of users.
- Affordable:
Compared to other cryptocurrencies, Doge is affordable, making it accessible for novice players with limited budgets.
2. Shiba Inu (SHIB)
Shiba Inu, the memecoin inspired by the Shiba Inu dog, has quickly gained popularity since its launch in 2020 and has a market cap of $7.4 billion. Its uncompromised features and acceptance make it a favorable payment option in crypto casinos.
What Makes SHIB Fit For Crypto Casinos?
- High Transaction Speed:
Performs approximately 200 transactions per second, much higher than Dogecoin.
- Low Transaction Fees:
Transaction fees, the amount required for making crypto transactions, are very low in Shiba Inu, making it an ideal choice for crypto casinos.
- High Security:
Shiba Inu operates on the Ethereum blockchain, a platform known for its robust security. The coin offers secure and reliable transactions, enhancing player’s confidence.
- Anonymous Gambling:
Similar to Dogecoin, Shiba Inu offers anonymous gambling, enabling players to gamble without affecting their privacy.
3. Pepe (PEPE)
Pepe is a memecoin inspired by the internet meme ‘Pepe the Frog’. Launched in 2023, the coin quickly gained investors traction with its humor and financial appeal. With a market cap of $3.03 billion, the coin became one of the most used memecoins in crypto casinos.
What Makes PEPE Fit For Crypto Casinos?
- Secure Transactions:
Being operated on the Ethereum blockchain, Pepe offers secure transactions, elevating player’s enthusiasm.
- Large Community:
Pepe owns a large community, and its user base is growing every day. This increased adoption is effectively explored by crypto casinos, gaining more players for their platform.
- Affordable:
Pepe coin has a low price compared to other memecoins like Doge and Shiba Inu, making it accessible to all casino players.
- Competitive Transaction Speed:
Not as high as Shiba Inu, but Pepe offers comparatively good transaction speed. It facilitates around 20 transactions per second.
4. Bonk (BONK)
Bonk is a Solana-based memecoin inspired by the Shiba Inu dog. The coin quickly gained popularity after it launched in 2022, and has a market cap of $846.98 million. The coin is accepted in many crypto casinos with its Solana base and community.
What Makes BONK Fit For Crypto Casinos?
- High Transaction Speed:
The coin boasts its high transaction speed, it performs around 65,000 transactions per second.
- Cheap:
Being a new memecoin, the price of Bonk is very low, making it an ideal option for online casino transactions. The coin is traded at $0.00001086 at the time of writing.
- Strong Community:
Bonk holds a strong community, and the acceptance of Bonk in online casinos attracts community members.
- Appealing:
Bonk’s features and capabilities are appealing to young generations, who are also included in the list of casino players.
5. Floki Inu (FLOKI)
Floki Inu is an emerging memecoin, with a market cap of $591.1 million, the coin is gaining traction in online casinos as a payment method. The coin is named after Elon Musk’s Shiba Inu dog, ‘Floki’.
What Makes FLOKI Fit For Crypto Casinos?
- Enhanced Security:
Floki is an Ethereum-based token and offers secure and trusted transactions.
- Low Transaction Fees:
The coin offers low transaction fees, catering to the needs of beginner players at the casino.
- High Throughput:
Floki Inu provides high transaction speed, offering near-instant payments, and attracting gamers who want an uninterrupted gaming experience.
Bottom Line
Memecoins are widely in demand, though they don’t offer any use cases like other cryptocurrencies, their meme appeal and strong community backing positions them to gain high returns. Exploring their advantages like low transaction fees, high speed, and anonymity while gambling, online casinos utilize them as a transaction option, known as memecoin or crypto casinos. Though memecoins serve a wide purpose, their volatility, and increased scams affect casino players, so it is important to check for the reliability of the coins before making a deal in online casinos.