Memecoins are cryptocurrencies inspired by internet memes, pop culture references, or online trends. They often have enthusiastic online communities and are intended to be lighthearted and fun. Examples include Dogecoin and Shiba Inu. Unlike some other cryptocurrencies, memecoins typically don't have a specific use case beyond being a trading instrument. Their value can be highly volatile and driven by hype and social media trends.
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