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Meme Coins are a type of cryptocurrency that are created mostly for entertainment or satire, and often start as a joke or meme on the internet, but can gain significant popularity and attract real investors.
Key features of meme coins:
Satirical beginnings: They are often based on internet memes or pop culture.
Active community: They rely heavily on community support and people's interaction on social media.
Sharp price fluctuations: Due to speculation, they can experience sudden rises and falls.
Lack of practical applications: Most do not have a real project or tangible benefit.
Examples of meme coins:
Dogecoin (DOGE): Started as a joke in 2013 with the "Shiba Inu" logo, but has become one of the most famous meme coins, especially after support from Elon Musk.
Shiba Inu (SHIB): Another coin based on the same dog that became famous in Dogecoin, gaining widespread popularity in 2021.
Pepe (PEPE): Based on the famous meme character "Pepe the Frog."