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Yes you can install memcached, however it only be ran on a Dedicated server with an admin user. We have a guide on how to install it here https://help.dreamhost.com/hc/en-us/articles/217212317-Memcached-overview
Please let us know if you have any more questions,
Or you can manually download and compile it and then run with nohup… & and even make it run on server reboot via cron. Obviously this requires a VPS since no persistent processes are allowed on shared hosting servers.
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