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New Delhi [India], September 8 (ANI/ATK): Meme coins have been around for a while, but their popularity skyrocketed in 2021 when celebrities like Elon Musk and Mark Cuban backed Dogecoin (DOGE), the initial meme coin founded in 2013. Unlike other cryptocurrencies, meme coins are designed to celebrate a meme, a strange or humorous idea preserved in a photograph, video, or another kind of media. Meme coins, like the memes on which they are based, are designed to spread like wildfire. Retail investors are lured to meme coins because they sometimes cost only a few cents or even a fraction of a penny. Consequently, you don't need to invest much money, and everyone may participate hoping to rally thousands of percentage points and benefit handsomely. Memes coins are tokens heavily affected by the community. Because they have no underlying economic or commercial use case, they are typically driven by social media and online emotion. This typically generates a lot of buzzes, but it also ca