What Are Meme Coins, and How Do They Differ from Other Cryptos?

[Darokshi]

Meme coins are a type of cryptocurrency inspired by internet memes or jokes. Unlike serious projects like Bitcoin or Ethereum, meme coins often start as playful creations without a clear use case. Their value mainly comes from community hype and social media buzz. For example, Dogecoin and Shiba Inu are popular meme coins that gained value through viral marketing and celebrity endorsements.

 

[Akure]

Meme coins can be fun to watch, but they sure do come with a wild ride!

 

[Nutri Bee]

Meme coins are cryptocurrencies created mainly for humor and community engagement, often lacking serious utility beyond entertainment. They can experience extreme volatility and speculative trading, driven largely by social media hype and community support.

 

[helena]

Meme coins, like Dogecoin, are cryptocurrencies born from internet jokes, relying on community hype rather than utility. Unlike Bitcoin or Ethereum, which solve real-world problems, meme coins are more volatile and speculative, thriving on social media trends.

 

[DAIZY]

Meme coins are cryptocurrencies inspired by internet culture and jokes, often driven by hype and community, unlike traditional cryptos that focus on utility and technology.