Meme coins are tokens that are primarily based on memes and viral trends, often used as a form of speculation.
The main risks involved include significant price volatility, potential manipulation, and a general lack of practical use.
Some of the biggest players in the space are Dogecoin (DOGE), with others like Shiba Inu (SHIB), Pepecoin (PEPE), and newer contenders such as Bonk (BONK) starting to make waves.
For those looking to invest in high-growth options, tokens like LilPepe, Bonk, Wif, Floki, Pingu, and Mog Coin are popular choices.
When analysing meme coins, it's important to track the fundamentals, look for technical indicators, keep an eye on whale activity, and only expose a small portion of your portfolio to these highly speculative assets.
