Meme coins are a type of cryptocurrency similar to Bitcoin and Ethereum. Meme coins, however, are usually created as a tribute to a meme, which is an amusing or funny notion recorded in an image, video, or other kind of media. Meme coins, like the memes they’re based on, are intended to go viral and be shared.
For the longest time, Dogecoin has been considered the standard Memecoin. And it is indeed true that Dogecoin is higher in value today than SHIB, but in the recent times SHIB has been gaining considerable popularity and the biggest proof of it perhaps is its rapidly burgeoning Twitter community.