Meme coins like Dogecoin and Shiba Inu have surged in popularity, driven by social media hype and celebrity endorsements. But are they sustainable investments?
Key Features of Meme Coins
- Community-Driven: Their value often hinges on community support rather than utility.
- Volatility: Prices can skyrocket or plummet based on sentiment.
Conclusion
Meme coins are speculative and should be approached with caution, but they highlight the power of digital communities.