Meme coins are a category of cryptocurrencies that have been created or used in a humorous manner and often gain popularity due to a large following on social media. Examples of meme coins include Dogecoin, Shiba Inu, and Shiberium. These coins often have low market capitalization, are not backed by any assets, and are highly volatile in price, hence they can be considered as a high-risk investment. The primary usage of meme coins is for entertainment and not as a serious investment.
