Since the introduction of Bitcoin as the first cryptocurrency, a revolutionary streak has followed with the emergence of meme coins. Unlike Bitcoin, no two cryptos are the same, especially meme coins. They have brought together groups of like-minded individuals and created entire communities online. These communities discuss news, share insights and give advice on whether to invest in the token. Dogecoin (DOGE), Shiba Inu (SHIB) and DogeMiyagi (MIYAGI) are some of the more popular meme coins, with the latter having the prime spotlight to find success.
Dogecoin has sparked the attention of many prominent figures, including Elon Musk, and had an incredible social impact. Its value and popularity are determined by its community and its prices are greatly influenced by Tweets and online forums. It is used as a source of tipping on various forums and is accepted as a form of currency in some areas, but its lack of widespread adoption is a risk.
Shiba Inu is considered to be the strongest competitor to Dogecoin and is supported by the Shib Army. Its community has great influence over its performance and, due to slow growth, it is not considered to be a reliable long-term investment. However, it has many benefits to its community such as chances to unlock rewards and build a green thumb.
DogeMiyagi, inspired by the Karate Kid movie, is attempting to have its community control the project’s direction. It rewards users with 10% tokens when they share the platform with someone, giving them an added incentive. Its connection with pop culture is a massive benefit for the coin, as it could become a highly demanded coin, but it also has the same risks as other meme coins.
Meme coins have brought together much-loved pieces of the internet and given users a chance to collect them like memorabilia. As long as the internet survives, meme mania will stay alive.
For more on DogeMiyagi:
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi
