Meme Coin

Meme coins refer to meme-inspired cryptocurrencies that enthusiastic online investors & followers support. Famous examples of meme coins include Dogecoin (DOGE) and Shiba Inu (SHIB). Last year saw exponential growth in the meme coin market, particularly the dog-themed meme coins. Compared to major cryptocurrencies like Bitcoin and Ethereum, meme coins are highly volatile, probably because these meme-inspired

cryptocurrencies are heavily community-driven tokens. Social media and online community sentiments mainly influence the price of these currencies. This usually involves a lot of hype, fear of missing out (FOMO) & financial risk. 

Investment in meme coins is risky as they are highly speculative and mainly driven by enthusiastic online traders.

The first meme coin to be created was Dogecoin. DOGE was inspired by the famous meme of a Shiba Inu dog in Japan.

Later, an anonymous developer named Ryoshi developed Shiba Inu in 2020. Other popular meme coins include Baby Doge Coin, Dogelon Mars, Floki Inu, Doge Killer, Samoyedcoin, Kishui Inu, and Shiba Predator