Meme coins, the digital currencies based on nothing more than a funny meme, are more of a community-driven investment. These digital coins, inspired by literal memes, gained hype from social media trends and internet culture. Investing in this joke-inspired digital currency often sounds bewildering, as its value can randomly surge and crash to zero overnight.
However, these meme coins are still in under lime light, gaining immense attention from retail investors on social media. Followed by the launch of Dogecoin in 2013, several other meme coins were introduced in the market, out of which Dogecoin, Shiba Inu, and Pepe are still the largest meme coins by market capitalisation.Â
Are Meme Coins a Good Investment? Â
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