Have you ever wondered what meme coins are and why they are so hot? Actually, they are similar to Bitcoin or Ethereum, but differ in that they are born from social media meme trends, humorous ideas widely shared. The price of meme coins fluctuates greatly, depending on the community and their viral spread.

Looking at the prominent meme coins today, Dogecoin still holds the top position. It was created in 2013 by Jackson Palmer and Billy Markus, but really gained momentum when Elon Musk started supporting it. Currently, DOGE has a market capitalization of about $16.88 billion, remaining the largest meme coin in the world. Shiba Inu (SHIB) is also not far behind, launched in 2021 with the goal of building a decentralized community, with its price soaring up to 2 million percent. PEPE is a newcomer, but it has attracted significant attention with a market cap of $1.77 billion.

The interesting thing about PEPE is that it is based on a famous meme, has a very active community, and is listed on major exchanges quite quickly. Since its launch in April 2023, it has had hundreds of thousands of transactions daily. But remember, meme coins do not have real value; they are just short-term investment tools based on trends. If you invest in meme coins, you need to choose those with strong communities and high volatility, but also be prepared to accept risks. That’s everything you need to know about what meme coins are and why they attract so many investors.