Meme coins are a type of cryptocurrency that draws inspiration from internet memes, jokes, and satire. They are branded with meme-inspired logos and names and are often not designed for any particular use case. Instead, their appeal lies in community engagement, humor, virality, social media trends, and the potential for quick market gains, which attracts young, internet-savvy users of the crypto market.

Meme coins have taken the crypto world by storm in recent years, and there is no denying that Dogecoin (DOGE) and Shiba Inu (SHIB) are currently leading the pack in terms of popularity. Other notable meme coins include PEPE, FLOKI, and BONE, as well as the 2023 viral sensation Wall Street Memes (WSM) and the ChatGPT-inspired TURBO.

Dogecoin, which was created back in 2013 as a parody of the crypto hype, is widely considered as the original meme coin. Most meme coins are issued as ERC-20 tokens on the Ethereum blockchain network, but they can also exist on their own native blockchains or on other blockchain networks such as BNB Chain, Solana, and Cardano.

It's worth noting that meme coins are generally more volatile and speculative than traditional cryptocurrencies, and they are often created with the sole purpose of generating hype and buzz among investors, rather than offering any real-world utility or value. As such, investing in meme coins can be a risky endeavor and should always be approached with caution.

Meme Coins vs. Traditional Cryptocurrencies. 

Bitcoin (BTC) and Ethereum (ETH) are two of the most well-known cryptocurrencies. They allow users to spend and transfer digital cash on their respective blockchains. Each cryptocurrency is designed with a specific purpose in mind.

Bitcoin (BTC) and ether (ETH) are digital currencies that can be spent or transferred on their respective blockchains.

 

Top 5 Meme Coins of 2023

 

Coin Name Market    Capitalization.                Price

*Dogecoin                  $8.4 billion                       $0.06007

*Shiba Inu.                  $4.19 billion                   $0.000007112

*Pepe Coin               $267million                    $0.0000006851

*  Swap.                    $178 million.                    $0.7781

*Floki                         $172 million                     $0.00001841