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EXPLAINER: What you need to know about meme coins.

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GUEST – Jan Vermeulen - Editor at Mybroadband

What Is a Meme Coin? Meme coins are cryptocurrencies inspired by internet memes, jokes, or cultural trends. Unlike Bitcoin or Ethereum, which focus on solving specific problems or enabling decentralized applications, meme coins often have limited utility. Their value is largely driven by community sentiment, social media hype, and celebrity endorsements. Popular examples include Dogecoin and Shiba Inu, which have gained immense popularity despite starting as jokes.

20 Jan 2025 1PM English South Africa Business News · Investing

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