Meme Coins are a type of cryptocurrency that are typically created as a joke or to capitalize on internet trends and memes. Unlike traditional cryptocurrencies that aim to solve specific problems or offer utility, meme coins often lack serious technological underpinnings or use cases. They rely heavily on social media hype, community engagement, and speculative trading to gain popularity and value. A well-known example of a meme coin is Dogecoin, which started as a parody of Bitcoin but gained a substantial following and market value due to its viral nature and endorsement by celebrities. Meme coins are characterized by high volatility and risk, attracting both enthusiastic supporters and cautious investors. Their value is often driven by trends, viral content, and social media movements rather than fundamental economic factors.
Pepe remains resilient in the meme coin market, even after a 60% price drop, and could rival Shiba Inu. The accessibility of meme coins like Pepe makes them attractive to…