Meme Coins

Definition	Meme coins are cryptocurrencies based on internet memes or cultural phenomena. They often have humorous or ironic themes and are characterized by their playful nature and the strong communities that form around them. Their value is driven more by social media trends and community engagement than by intrinsic technological advancements or use cases.
Examples	Includes cryptocurrencies based on dogs, frogs, cats and so on. A few examples of animal-themed cryptos include Dogecoin, Shiba Inu, Pepe Coin, Popcat and so on.
Market Impact	Meme coins have significantly shaped the way investors look at investing, especially in the cryptocurrency world.

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What Are Meme Coins?

Meme coins are cryptocurrencies inspired by internet jokes, popular culture, or viral memes. Unlike traditional cryptocurrencies that often aim to solve specific problems or offer new technologies, meme coins primarily derive their value from community engagement and social media hype.