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If you thought the crypto revolution was coming, then it’s no surprise that it’s coming with memes. The parody cryptocurrency Banano is embracing the popularity of crypto on the social media site TikTok.
Last week the world’s favorite joke cryptocurrency, Dogecoin, pumped massively with help from TikTok users. The Doge gained almost $250 million in market cap thanks to the move. So who’s up next? Well, the fruit-themed Banano coin is not here to monkey around.
In a recent post, the Banano team announced their arrival on TikTok, explicitly stating they aren’t here for the next pump and dump. Based on recent memes, their aspirations include free airdrops and the lofty ideal of reaching the number one spot on CoinMarketCap’s cryptocurrency rankings by Q4 2021.
That may just be some additional humor but Banano also exists as a vehicle to teach people about blockchain technology, and hopefully have some fun in the process.
Outpumping Nano
Banano forked from the cryptocurrency Nano in April 2018. As Twitter user @mikeinspace pointed out recently, Banano has been outperforming its parent chain Nano quite considerably.
Nano is the 66th largest cryptocurrency by market cap on CoinMarketCap. And just like Nano, Banano facilitates instant transactions for free. It’s also not mined. Where it differs, though, is through its website and social media channels which almost exclusively contain monkey and banana-themed jokes.
Banano’s price is up around 16% for the month, at the time of writing. It is by no means the only banana-themed coin in the bunch, though it may be the most successful. Bananapepe (BANAPEPE), BananaBits (NANAS), and Banancoin (BCO) have all graced the internet at some point or another.
The project’s white paper, which is actually a ‘yellowpaper™,’ features a yellow Pepethefrog and a concise abstract: Don’t let memes be your dreams. It lists all the advantages of Banano including the obvious fact that it started as a joke.
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