What Is a Meme Coin?
The line between meme coins and "serious" cryptocurrencies is surprisingly blurry. Dogecoin (CRYPTO: DOGE) processes payments for major companies. Shiba Inu (CRYPTO: SHIB) powers a decentralized crypto exchange named ShibaSwap. Even relative newcomer Floki (CRYPTO: FLOKI) is building educational platforms and games. These projects all started as jokes but are now earning their keep beyond the memes.
Meme coin investors aren't necessarily gambling. Some aim to build actual value with network effects. When millions hold a specific token, businesses notice. When communities stay engaged for years, developers build infrastructure. Shiba Inu's ecosystem now includes non-fungible tokens (NFTs), a sophisticated set of system management tokens, and decentralized finance (DeFi) products that rival "serious" projects.
The low entry price of fractions of a cent per coin isn't about being cheap, it's about accessibility. These tokens let everyday investors own meaningful positions without committing massive capital. That psychological ownership creates passionate communities that drive adoption.
Source Fool.com
