What Drives the Value of a Meme Coin: Speculation or Community Trust?

Mon, 23 Dec 2024 10:37:41 +0000

Meme coins, once considered a specialised area of the cryptocurrency world, have grown into a significant phenomenon. Coins like Dogecoin and Shiba Inu have captured global attention, raising questions about what actually drives their value. Is it pure speculation, with buyers chasing quick profits, or does a sense of community trust and belief in the coin’s potential play a bigger role? Let’s dive deeper into the forces shaping meme coin value.