#XmasCryptoMiracles Memecoin "meme-coin" — a cryptocurrency based on an internet meme or having other humorous characteristics.

It can also be used in a broader sense as a critique of the cryptocurrency market, etc. This term is often used in a humorous tone. Compared to real cryptocurrencies, they do not hold much significance.

At the end of 2013, software engineers created DOGECOIN as a joke based on the Doge meme. This initiated the creation of several subsequent meme coins. As of October 2021, around 124 meme coins were circulating in the market; by 2024, their number is hard to count, but according to CoinMarketCap, there are about 2500. Globally, bright examples include Dogecoin and Shiba Inu.

The story of Dogecoin has inspired developers to create a vast number of memecoins. However, so far, none have managed to replicate its success. The prices of memecoins rise sharply and fall just as sharply. They are heavily influenced by the mood of the crypto community or external events — for example, statements from major asset holders. This makes them extremely unpredictable.