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Meme Coin
Meme coins are cryptocurrencies that are often created as a joke or based on internet memes and popular culture references. Unlike Bitcoin or Ethereum, meme coins typically have no intrinsic value, utility, or underlying technology driving their growth. However, they can experience significant price volatility driven by social media trends, celebrity endorsements, and online communities. Dogecoin (DOGE) and Shiba Inu (SHIB) are popular examples of meme coins that gained widespread attention. Meme coins are highly speculative and can experience dramatic price swings, making them risky investments, but they can also provide short-term gains for opportunistic traders.
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