
Planet Money: The Memecoin Casino
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The Rise of Meme Coins: From Dogecoin to Cryptocurrency Culture
This chapter examines the inception and evolution of meme coins, tracing their roots back to Bitcoin's launch and the ensuing crypto chaos. It highlights the creation of Dogecoin as a satirical response to market trends, which unexpectedly fostered a vibrant community. Furthermore, it discusses the impact of technological advancements on altcoins and the cultural shifts that allowed meme coins to flourish during the COVID-19 pandemic.
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