An internet meme refers to a very unique form of expression or satire that heavily relies upon pictorial representation to create a joke or commentary for a certain event. Some of the most common places to share memes include social media platforms such as Facebook and Reddit.
The internet meme led to the popularity of the meme coin, a cryptocurrency that is based on the internet joke. Dogecoin has become one of the most successful meme coins that stood out within the market.
One thing that truly sets apart a meme coin from a proper cryptocurrency is the lack of utility. Meme coins are also subjected to volatility often resulting in a get-rich-quick scheme.