Why Do People Attribute Value to Meme Coins, and Is This Value Sustainable?

Meme coins like Dogecoin and Shiba Inu gain value through community-driven hype, social media buzz, and endorsements from influencers or celebrities. Their appeal often lies in humor, accessibility, and the allure of quick profits. Speculation plays a significant role, with many investors drawn by the fear of missing out (FOMO). However, their value lacks strong fundamentals, relying on market sentiment rather than utility or innovation. While they can generate short-term gains, sustainability is questionable without real-world use cases or long-term investor confidence. As such, meme coins remain highly volatile and speculative, appealing more to risk-tolerant investors.

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