Chapter 2: What Are Meme Coins?

Meme coins are a subset of cryptocurrency inspired by internet memes, jokes, or cultural phenomena. They are shaped by broader market trends and cultural phenomena, and their value is often driven by cultural relevance, as they capitalize on internet trends or popular themes through viral marketing.

Unlike traditional cryptocurrencies like Bitcoin or Ethereum, which often have strong underlying use cases or blockchain utility, meme coins typically derive their value from the most unexpected places.

Yet, they have proven to be more than just internet jokes; they are high-risk, high-reward assets that capture global interest.

This is why traditional trading methods fail when dealing with meme coins - Prices are primarily fuelled by speculative trading rather than inherent utility, contributing to their high volatility.

Success in this space heavily depends on the ability to learn and adapt.