The phenomenon of meme stocks, such as GameStop, has captivated the investment world, particularly since 2021 when a surge in interest from retail investors, often coordinated via social media platforms like Reddit, dramatically drove up the company's stock price. This has raised questions about the actual investment value of such stocks given their volatility and the often speculative nature of the trades involved.

GameStop's unexpected rise spotlighted the power of retail investors to influence the stock market in the short term, but it also led to debates about market stability and the fundamentals of investing. The traditional advice of relying on company performance and market analysis seems at odds with the meme stock trend, where social media hype can drive the stock prices.

Meanwhile, in the realm of cryptocurrencies, meme coins like Dogecoin have similarly benefited from social media buzz and celebrity endorsements, notably by figures like Elon Musk. Originally started as a joke, Dogecoin has seen substantial growth and has been positioned as a potentially solid investment before Bitcoin potentially reaches the $100,000 mark. Dogecoin, along with other meme coins, represents a new, highly speculative asset class within the broader cryptocurrency market.

Other new cryptocurrencies launched on platforms like Solana are also gaining attention. For example, SPX6900 has been noted for its promising start and is regarded by some as a symbol of memecoin confidence, indicating a possible continued interest in such digital assets.

These developments in both stock and cryptocurrency markets reflect a broader movement towards democratization of investing, where retail investors with varying levels of expertise can influence market outcomes perhaps as never before. However, this comes with increased risk and highlights the importance of market literacy among investors to navigate potential pitfalls in these highly volatile areas.