What are meme coins #MEME
Meme coins aren't much different from this dictionary definition of a meme — they're nothing more than digital currencies inspired by memes and internet jokes.
Dogecoin was introduced as a joke in December 2013. As it has gained popularity over the years, it is now leading the way for a new category of digital currencies – meme coins. These are cryptocurrencies that can be linked to pop culture references or internet jokes.
Most memes revolve around famous dog breeds such as the Japanese Shiba Inu #Shibainu These dog breed cryptocurrencies are well known to retail investors. For example, Dogecoin#Dogecoin has gained a large following over the years. It has prompted the emergence of a large number of copycats, including derivatives of the Dogecoin Shiba Inu, Dogelon Mars, and Samoyedcoin. While the unit price of these cryptocurrencies is not very high, they are becoming mainstream. But can investors take these meme coins seriously?
