Is Dogecoin a meme coin?

Dogecoin, created in 2013, is often cited as the original meme coin. A meme coin (also spelled memecoin) is a cryptocurrency that originated from an Internet meme or has some other humorous characteristic.

What are meme coins?

Meme coins are a type of cryptocurrency that’s highly speculative and supported by certain enthusiastic online trading communities. Examples of meme coins include blockchain-based coins and tokens such as Dogecoin and Shiba Inu. It’s possible to make or lose a large amount of money quickly when trading meme coins and other virtual currencies.

What should you know before investing in a meme coin?

Here's what you need to know before investing. What Is a Meme Coin? In a nutshell, meme coins are cryptocurrencies inspired by memes and internet jokes. Dogecoin, for example, was inspired by the Doge meme created from a viral photo of a Shiba Inu.

Should meme coins be regulated?

Some countries have taken steps to regulate meme coins. In early 2021, Thailand 's Securities and Exchange Commission banned meme coins as part of a crackdown on digital goods with "no clear objective or substance". Meme coins have surged in popularity since Elon Musk endorsed the use of Dogecoin, one of the first meme coins.