What are meme coins?

What Are Meme Coins?

Meme coins are cryptocurrencies that gain attention mainly through internet culture and hype rather than clear utility. Examples include Dogecoin and Shiba Inu. They can have huge price swings. Many are created as jokes or for speculation and can go to zero. Only invest what you can afford to lose entirely. In India, gains from meme coins are taxable like any other crypto.