Meme coins are on the rise as investors flock to Pepe Coin and Dogecoin. New crypto meme coin DogeMiyagi enters the space with impressive potential.
Crypto has historically been very serious, confusing and, at times, slightly boring. But meme coins soon emerged, introducing some necessary fun into a very serious world. Dogecoin (DOGE) was the first to do it, changing the cryptocurrency world forever. Now, Pepe Coin (PEPE) and DogeMiyagi (MIYAGI) have emerged, and they’re looking to get on this round of meme coin mania. DogeMiyagi’s unique and engaging approach positions it to surge to never before seen heights in the meme coin space.
Pepe Coin launched onto the scene in mid-April and has been taking the market by storm ever since. Frenzied trading quickly pushed Pepe Coin’s market value close to $2 billion, but it has since dropped. Its impressive rise is a testament to the power of the meme coin hype. While it’s yet to match Dogecoin and Shiba Inu’s level, its growth rate has been quicker than both tokens, and it has found its place on major exchange platforms, including Binance, OKX, Kraken, Kucoin and Uniswap. However, with no intrinsic value or promise of financial return, Pepe Coin only exists for entertainment purposes, so its future remains uncertain.
Dogecoin, the original meme coin, needs no introduction. With its iconic Shiba Inu mascot and vibrant community, Dogecoin has captured the hearts of meme lovers and investors. While it started as a joke, it has gained impressive popularity and improved its utility over time. Dogecoin recently introduced the DRC-20 standard token, sparking considerable traction on its network. DRC-20 allows Dogecoin users to build their own meme coins on the network, and the community have also used it to create their own Doginals, similar to Bitcoin’s Ordinals that work like NFTs. These developments have fueled a surge in transactions on Bitcoin’s network, and its daily transaction volume peaked above both Bitcoin and Litecoin at 650,000.
DogeMiyagi is a new meme coin that’s rising the ranks and looking to become the top meme coin. Centred around the Karate Kid franchise, Mr DogeMiyagi is creating an exclusive and immersive experience for its members. The project is built on the Ethereum network, and DogeMiyagi users will benefit from reliability and sustainability while also getting the fun-filled features of a meme coin.
One of the major draws to meme coins is the opportunity to become part of a strong community. DogeMiyagi seeks to build an inclusive community where all members have a say, and its decentralised autonomous organisation (DAO) will ensure this, as all members have voting rights. They are also encouraging users to invite more community members with its referral system, and for each referral, users will receive a 10% commission straight to their wallet. The project also has daily rewards in-store and plans to expand into Web3 with an NFT collection.
Meme coins have injected fun into the otherwise serious crypto market. While some cryptocurrency users don’t value them as a serious investment, DogeMiyagi is looking to change this perception, combining stability and practicality with the entertainment factor of a meme coin.
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