What Is a Meme Coin?
Blockchain and cryptocurrencies are lauded for their groundbreaking technology and rapid innovation. “It’s about the tech” is a common phrase used by crypto investors to justify their investments in this speculative market. However, despite this narrative, a recent phenomenon is pushing investors in another direction: the Meme coin. Characteristics of Meme Coins Unlike traditional cryptocurrencies grounded in robust technology or real-world utility, meme coins find their roots in internet culture, often created as a light-hearted…