• Definition: Meme coins are cryptocurrencies inspired by internet memes, jokes, or viral trends. They often start as fun projects but can gain massive popularity and value.
• Examples:
  • Dogecoin (DOGE): Started as a joke based on the "Doge" meme but became a top 10 cryptocurrency.
  • Shiba Inu (SHIB): Known as the "Dogecoin killer," it gained a huge following and market cap.
  • PepeCoin (PEPE): A newer meme coin inspired by the Pepe the Frog meme.
• Why They’re Popular:
  • Community-Driven: Meme coins thrive on strong, passionate communities.
  • High Volatility: Prices can skyrocket (or crash) in hours, offering huge profit potential.
  • Low Entry Cost: Many meme coins are cheap, making them accessible to small investors.