Dean
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Memecoins like Dogecoin and Shiba Inu differ significantly from traditional cryptocurrencies like Bitcoin and Ethereum in terms of utility and value. While traditional cryptocurrencies are often built with specific purposes—such as Bitcoin’s role as a store of value or Ethereum’s platform for decentralized applications—memecoins typically start as internet jokes or community-driven projects. Their primary value lies in their popularity, viral marketing, and community support rather than any inherent utility.