Meme Coin

A meme coin is a type of cryptocurrency that is often created as a joke or to capitalize on internet memes and trends. Unlike traditional cryptocurrencies like Bitcoin or Ethereum, which are developed with specific use cases or technological frameworks, meme coins typically have little to no intrinsic value and are primarily driven by community interest and social media hype. They often gain popularity quickly due to viral marketing, celebrity endorsements, or online communities. Examples of well-known meme coins include Dogecoin and Shiba Inu. Investors are usually attracted to meme coins for their speculative nature, hoping for rapid price increases based on trends rather than fundamental utility.