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memcoin
Memecoin is a type of cryptocurrency inspired by internet memes, pop culture references, or viral online trends. Unlike major cryptocurrencies like Bitcoin or Ethereum, which aim to provide practical utility or decentralized financial solutions, memecoins often gain value through community hype, social media virality, and the influence of celebrities or public figures. The most notable example is Dogecoin, created in 2013 as a joke based on the popular “Doge” meme, which unexpectedly attracted a strong community and surged in value. Memecoins are typically known for their high volatility, with prices skyrocketing during periods of popularity and plummeting when interest wanes. They often lack substantial technological backing or real-world utility, making them highly speculative investments. While they can be fun and offer potential for quick gains, the unpredictable nature of memecoins also means high risk for investors.