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1. What Inspired the Meme Coins?
Meme coins are a type of cryptocurrency that draws its inspiration from cartoon characters, celebrities, or social media trends. Unlike other digital currencies designed to address specific technical issues with underlying technology, meme coins are created with a focus on entertainment. |
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2. Which Was the First Meme Coin?
Meme coins made their debut in 2013, with Dogecoin leading the way. Inspired by the Shiba Inu dog, Jackson Palmer and Billy Markus developed Dogecoin to satirize the prominent cryptocurrencies, Bitcoin and Ethereum. |
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3. What Drives the Market Value of Meme Coins?
Meme coins experience rapid growth due to their large communities. Most meme coins are built on platforms like Ethereum, BSC, or Polygon. However, intrinsically, meme coins hold no value as they are crowd-driven and highly speculative in nature. |
– 19:28 13/03/2025
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