Shiba Inu has been relying on hype and viral moments, seeing investor attention due to its status in the meme coin community.

That gain only partially erased the meme coin's decline in value, which hit a peak of $75.35 on January 19 the day before Mr. Trump's inauguration.

Within hours of Elon Musk changing his X handle to ‘Kekius Maximus’ on New Year's Eve — a reference to an previously obscure cryptocurrency – its value rocketed 4,800% to hit a market cap ...

1. Meme coins are extremely speculative. While many argue that most cryptocurrencies lack intrinsic value, meme coins take this to an entirely new level.

The meme coin introduced by President-elect Donald Trump has surged in value just days after its launch. Getty Images Trump's newly launched cryptocurrency surged on Monday -- reaching nearly $11 ...

You won't find many investments with more early success than Shiba Inu (CRYPTO: SHIB). Since then, Shiba Inu has mostly lost ...

In the up-and-down world of cryptocurrency, so-called meme coins are perhaps the most bewildering. The joke-inspired digital currency is all over the internet with new tokens popping up every day ...

reached a stratospheric market value, the 80% supply held by insiders does create some pressure on its market value,” Chhugani added. Meme coins do not hold underlying value like stocks which ...

Image source: Getty Images. 1. Meme coins are extremely speculative. While many argue that most cryptocurrencies lack intrinsic value, meme coins take this to an entirely new level.

Meme coins lack intrinsic value, and their prices are driven purely by market hype and sentiment. Investing in meme coins is akin to gambling -- you should only invest what you're prepared to lose.