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With the proliferation of cryptocurrencies, an interesting trend has emerged in recent years - the meteoric rise of meme coins. These coins, often named after popular internet memes or jokes, have garnered significant attention from speculative investors. Could you elaborate on the factors driving this popularity? What characteristics of meme coins make them attractive to this investor base? Are there any risks associated with investing in such volatile assets? Understanding the dynamics behind this trend could provide valuable insights for both novice and seasoned crypto enthusiasts.
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