So, here's the deal with meme coins like Dogecoin and Shiba Inu: they've been through the wringer. Back in 2021, they exploded in popularity, with Dogecoin hitting an all-time high of around $0.73. But now, after a big market correction, many of them have seen their prices tank.
Despite that, they're not totally dead. Some, like Dogecoin, still have strong communities and are holding value. In fact, as of late 2023, Dogecoin is hanging around the $0.08 mark.
The downside? These coins are super volatile – think big swings in price. If you’re diving into meme coins, just remember: do your homework and know you're taking a serious risk. They can be fun, but investing in them is like riding a rollercoaster, so buckle up!