What Is a Meme Coin?
A meme coin is a cryptocurrency named after characters, individuals, animals, artwork, or anything else in an attempt to be humorous, light-hearted, and attract a user base by promising a fun community.
- Meme coins are a type of cryptocurrency that relies on humor and the promise of a fun community to attract users.
- Examples of meme coins include blockchain-based coins and tokens such as Dogecoin and Shiba Inu.
- Meme coins can be profitable investments but are as volatile as other cryptocurrencies and may have less liquidity than more popular coins.
- Meme coins might be more useful to people who are interested in the community of users or the meme itself.