How do viral meme coins like Shiba Inu (SHIB) and Dogecoin (DOGE) influence market sentiment?

In what ways do viral meme coins such as Shiba Inu (SHIB) and Dogecoin (DOGE) shape market sentiment? Are these coins merely speculative bubbles driven by social media hype, or do they hold genuine value that influences investor behavior and broader cryptocurrency trends? Let's critically examine their impact on the market.

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