Meme coins have now become the talk of the town with investors continuing to flock towards Dogecoin and Pepe Coin. Many are now eying the new meme coin DogeMiyagi with great potential to grow in the crypto space.
Crypto coins have been very risky, confusing, and difficult to understand historically. However, meme coins have entered the market to bring some necessary fun into this digital asset.
Dogecoin (DOGE) was the first meme coin to enter the market and it has been changing the crypto world forever. Other than that, the Pepe Coin (PEPE) is now making headlines. Furthermore, the DogeMiyagi (MIYAGI) is now looking to emerge as a new coin as well.
Pepe Coin: Making Use of the Growing Demand for Meme Coins
Pepe Coin was introduced in the market last April, and ever since then, it has swept the market. Pepe Coin’s market value initially approached $2 billion due to frantic activity, however, it has since declined. Its remarkable growth is proof of the influence of the meme coin hype.
Although it hasn’t yet reached the same level as Dogecoin and Shiba Inu, its growth trajectory has been faster than both tokens’, and it has established itself on well-known exchange platforms including Binance, Uniswap, and many more.
Pepe Coin, on the other hand, has no inherent worth and makes no guarantee of financial gain, hence its future is unknown. This has been the case with the most meme coins out there and something that the experts continue to warn about.
Dogecoin: The First Meme Coin
The first meme currency, Dogecoin, is been famous for quite some time. Dogecoin has won over investors and fans of memes with its recognizable Shiba Inu mascot and lively community.
Although it was initially intended as a joke, it has since grown remarkably popular and expanded in usefulness. But experts believe that the price of this coin is hyped due to speculations with no use of the coin.
The DRC-20 standard token, which Dogecoin recently added, has gained a lot of interest on its network. Dogecoin users can generate their own meme coins using DRC-20, and the community has also utilized it to develop their own Doginals.
These are analogous to Bitcoin’s Ordinals and function as NFTs. Due to these advancements, the number of transactions on the Bitcoin network has increased dramatically, and its daily transaction volume has surpassed that of both Bitcoin and Litecoin at 650,000.
DogeMiyagi Looking to Capitalize on the Hype
DogeMiyagi is a new coin that is looking to enter the market and become one of the top meme coins. It is based on the Karate Kid franchise and it plans on creating an exclusive and immersive experience for its users.
The best thing about this meme coin is that the project is built on the Ethereum network. Therefore, DogeMiyagi users will get greater sustainability and reliability from it and will enjoy the same fun features that a meme coin offers.
The biggest attraction towards meme coins is that it gives you the chance to become part of a strong community.
DogeMiyagi plans on building an inclusive community where all the members get voting right. The platform will ensure this by using its decentralized autonomous organization (DAO).
Furthermore, it also plans on expanding its business by encouraging community members to bring in new members through its referral system. Users will get a commission of 100% straight to their wallets.
Additionally, the project also plans on adding daily rewards that users can get through in-store. It also aims to enter the world of Web 3.0 through an NFT (non-fungible token).