Representation of Dogecoin and a laptop keyboard are seen in this illustration photo taken in … [+]
As their name implies, meme coins are a category of cryptocurrency inspired by memes or which possess a comedic trait. Many of them, such as dogecoin, started life as internet in-joke, after all. But here’s the funny thing: this coin has long outlasted the original “doge” craze (a sort of lolcat for the 2010s, featuring pictures of cute doggies with silly captions).
Despite Bitcoin’s dizzying rise to new heights has hogged the headlines in 2024, memecoins have delivered the most outstanding performance, with the return on investment for the top tokens ranging above 1,300 percent this year.
Sure, some of this is pure speculation, driven by celebrity backers (Elon Musk is famously a big believer in, and promoter of…
