What Exactly Is A Meme Coin?

To put it simply, meme coins are tokens inspired by internet memes. However, if the newest token names are any indication, the trend seems to have shifted toward a mix of an old Shiba Inu dog meme and, to a lesser degree, Elon Musk.
Without a question, meme coins are one of the oddest things to emerge from the bitcoin industry. The trend began with Dogecoin and began as a joke. Back in 2013, there was a lot of…