Meme coins are cryptocurrencies created based on internet memes or jokes, such as Dogecoin $DOGE or Shiba Inu.$SHIB Unlike traditional coins like $BTC , they do not have significant fundamental value, and their popularity depends on the hype in social media and community support. These assets are often launched on blockchains like Ethereum or Solana, and their price can skyrocket due to viral effects or mentions by famous individuals, such as Elon Musk.
The high profitability of meme coins is explained by their speculative nature. Early investors can earn dozens or even hundreds of times more if they manage to "catch" the trend at the start. For example, tokens related to current events, such as the US elections, sometimes show price jumps in the thousands of percent. However, the risk is also huge: prices can collapse just as quickly if interest fades. Success depends on community activity, marketing, and the ability to exit a position on time.
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