The crypto market has seen the emergence of a new sector – memecoins. These digital currencies based on internet memes and viral content have quickly captured the public imagination and seen their valuations skyrocket.
The trend was spearheaded by Dogecoin, launched in 2013 as a lighthearted alternative to mainstream cryptocurrencies like Bitcoin. Dogecoin successfully built a vibrant community centered around its mascot, the Shiba Inu “doge” meme. This led to a surprise surge in 2021, with DOGE briefly reaching a $90 billion market cap.
Its success paved the way for a slew of memecoins to capitalize on the hype. Most notable was Shiba Inu coin (SHIB), which soared over 1,000,000% within a year of launch. The “Dogecoin killer” highlights the wild speculation and community-driven rallies that can propel meme tokens to stardom.
The latest to join this memecoin mania is Memecoin ($MEME), launched by internet humor…
