112. What is a meme coin?

Answer: Memecoin is a cryptocurrency inspired by memes or jokes on the Internet and social media. It is named after “Meme”. The famous meme coins are Dogecoin and Shitcoin. Behind them are Cultural support serves as a purpose. Meme coins had no actual use at first. The earliest Bitcoin was also a meme coin. It was finally positioned as a stored value as its actual use. If it has no use, the value will return to zero.

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