#MemecoinSentiment Amemecoin is a cryptocurrency that draws inspiration from funny images, celebrities and other characters that rise to fame on the internet or in pop culture. 

Memecoin Definition

Memecoins are cryptocurrencies that base their names and logos around social media memes, celebrities or pop culture trends. Popular examples include Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE).

What started as a joke lampooning overhyped crypto projects in 2013 has taken on a life of its own. The most popular memecoins are worth billions of dollars, and they have created a new revenue stream for flash-in-the-pan celebrities, famous animals and even the president of the United States. 

While memecoins may be entertaining, their extreme volatility and association with scams has made them a contentious element of an industry striving for mainstream acceptance. As the crypto sector enters a new regulatory environment, investors are eager to see if memecoins will shoot up, flame out or mature with age.