Memecoins are a type of cryptocurrency that often gain popularity through social media and internet memes. Unlike traditional cryptocurrencies like Bitcoin or Ethereum, which have specific use cases and technology backing them, memecoins are primarily driven by community engagement and humor. They can be highly volatile and are often seen as speculative investments. One of the most well-known memecoins is Dogecoin, which started as a joke based on a popular meme featuring a Shiba Inu dog. Despite its origins, Dogecoin has gained a significant following and has been used for various charitable causes and online tipping. Other memecoins have emerged, often inspired by trends or viral content.