• How They Differ from Traditional Cryptos:
  • No Utility: Unlike Bitcoin or Ethereum, meme coins often lack real-world use cases.
  • Hype-Driven: Their value comes from viral trends, social media buzz, and celebrity endorsements (e.g., Elon Musk and Dogecoin).
  • Low Market Cap: Many meme coins start with small market caps, making them prone to massive price swings.
• The Role of Community:
  • Social Media: Platforms like Twitter, Reddit, and TikTok drive hype.
  • Memes and Virality: Memes spread quickly, attracting new investors.
  • Influencers: Celebrities and crypto influencers can pump or dump meme coins with a single tweet.