Meme Coins

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Context (BS): Meme coins, a unique category of cryptocurrencies, have gained significant popularity in the digital currency space.
Also known as ‘memetic tokens’ or ‘community coins’, meme coins are digital currencies created as a form of satire or humorous tribute to the internet culture.
These coins trace their origin to the growth of meme culture on the internet.
They often feature quirky names, logos, and branding that reference popular memes, jokes, or internet phenomena.
Unlike traditional cryptocurrencies such as Bitcoin or Ethereum, meme coins are characterised by their lighthearted and often comedic nature, designed to go viral and be shared widely.
Popular meme coins: Dogecoin, Shiba Inu, Bonk, Pepe, Floki etc.

Key Characteristics of Meme Coins

Meme coins are subject to extreme changes in value over short periods, driven by the current buzz surrounding the token, making them risky investments.
They typically have a massive or uncapped supply, leading to very low values per token.
These coins leverage blockchain technology, often utilising smart contracts on platforms like Ethereum and Solana.
Creating a meme coin is relatively easy compared to traditional cryptocurrencies.
With the proliferation of blockchain platforms and decentralized finance (DeFi) tools, virtually anyone can launch a meme coin with minimal technical expertise and resources.

Pros	Cons
Fun asset type to use to learn about cryptocurrency and blockchain technology. Possibility of earning a profit if values rise. Potential participation in an active investing and trading community.	High risk and volatility. Accusations of being pump-and-dump scams. May be technologically complex for some users.