In recent years, meme currencies (Memecoins) have become a notable phenomenon in the world of cryptocurrencies. These currencies often do not rely on solid technological projects but heavily depend on public sentiment and viral content on social media. The hashtag #MemecoinSentiment reflects this phenomenon, as it is used to measure the general mood of investors towards these currencies, such as Dogecoin (DOGE) and Shiba Inu (SHIB).

Market emotions play a central role in determining the prices of these currencies. When tweets or satirical videos favorable to a certain currency go viral, it can lead to a sudden increase in its value, even without a solid economic basis. Conversely, the price of the currency can collapse if enthusiasm wanes or negative news emerges.