Educational Byte: What is a memecoin and how to create one?

This story was originally published on HackerNoon at: https://hackernoon.com/educational-byte-what-is-a-memecoin-and-how-to-create-one.
Memecoins are tokens designed around an Internet meme or humorous element, whose core purpose may not be entirely clear. Let's discover more about them!
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Dogecoin (DOGE) is the most popular memecoin. It was created in 2013 as a joke by the devs Jackson Palmer and Billy Markus. Dogecoin has a price of around $0.1 and a market capitalization of over $14.8 billion. Other memecoins with real prices, market caps, and loyal communities have appeared.