Memecoins
When Billy Markus and Jackson Palmer created Dogecoin to make fun of all the pump and dumps of the 2017 ICO era, they accidentally sparked a movement that would attract billions of dollars from the market. In 2021, Dogecoin and the Ethereum-based Shiba Inu demonstrated the power of memes in front of the world.
The term "meme" was coined by Richard Dawkins in 1976. Similar to how genes define human DNA, memes are units of culture. By this definition, Bitcoin is a memecoin whose meme is "digital gold". However, in modern times "memes" are more heavily associated with internet humor, and who doesn't love jokes. From Doge to Floki to Safemoon, memecoins are a fun gateway to teach more people about cryptocurrency. At the same time, memes are often ephemeral and quickly replaced by the next best thing. You don't want to get caught with any money you cannot afford to lose in the wrong dog coin, so take extreme caution.
