Quartz

How high can meme coin prices go?

In 2013, a new cryptocurrency, Dogecoin, was minted as a joke making fun of the speculative frenzy surrounding Bitcoin. Then last Aug., an anonymous developer created the Shiba Inu coin, the canine mascot for Dogecoin, riffing off the previous prank. The two “meme coins,” as they are called, are now the 9th and 10th most valuable cryptocurrencies by market capitalization worth a collective $79 billion.