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AMP Raider Reveals New Case Study On Community-Driven Meme Coins What are meme coins? Meme coins are cryptocurrencies inspired by memes or jokes on the Internet and social media. The first meme coin created was launched in 2013 as a parody, DOGE was inspired by the popular Doge meme of a Japanese Shiba Inu dog. What Makes Meme Unique? Perhaps MEME's most recognizable unique feature is its lack of utility - it exists purely for investors to perform classic DeFi activities, and there is no project behind it to give it innate worth. Several traders then turned to other meme coins on the market, such as the "Dogecoin killer" SHIB. At the same time, retail investors were FOMOing into meme coins hoping to become millionaires overnight. Still, holding millions of a specific meme coin feels different than owning a fraction of ETH or BTC. Apart from the potential profits, the meme coin frenzy is also driven by their respective community sentiments. Meme coins are inspired by popular Internet memes, intended to be fun, and sometimes considered an "Insider joke" for a community. Following the GME stock market saga, meme coin traders inspired by the Reddit group SatoshiStreetBets started a "David vs.Goliath" battle to bet against the mainstream cryptocurrencies. Where to invest in meme coins Meme coins might have seen exponential growth in 2021, but like all cryptocurrencies, trading and investing in meme coins carries high financial risk. How Are Meme Coins Different From Mainstream Cryptocurrencies? Mainstream cryptocurrencies such as Bitcoin have been created with specific technology to boost trading and transaction in the crypto market. Find Out More At https://ampraider.com/