What Are Meme Coins, and Can They Make You Rich?

Cryptocurrencies might be in a slump at the moment, but that hasn't stopped investors from jumping on the crypto bandwagon.

While most of the attention is focused on the biggest names in cryptocurrency, like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), countless newer coins have popped up over the past few months.

"Meme coins" are often written off as a joke, but some investors believe they should be taken seriously. Cryptocurrencies like Dogecoin (CRYPTO: DOGE) have made massive waves in the crypto space, and some people have made a lot of money from these investments. But are meme coins a smart investment?

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Source Fool.com