Meme coins are best known for internet culture and dedicated communities. However, the recent return of meme coin season has caused a wider conversation in the crypto world. This article will overview the most relevant meme coins in 2023, evaluate how they became popular, and why they are smart investment options!
What’s So Special About Dogecoin?
Dogecoin (DOGE) was the first meme coin to an astronomical level of crypto fame and provide its users with life-changing ROIs. But how did a token that began as a joke take off to such great heights? Let’s start by taking a closer look at internet culture and social media communities.
The key to Dogecoin’s (DOGE) extraordinary journey lies in its resonance with internet culture and social media communities. Additionally, Reddit played a crucial role in its ascent, as online communities on the platform had already demonstrated their ability to influence stock prices in traditional industries.
This inspired a subreddit group to band together and drive up the price of DOGE, thus creating its first surge of popularity in meme coins. However, Dogecoin truly led the first meme coin season in 2020 after Elon Musk endorsed the token on Twitter, propelling it to a seven-day all-time high of $0.07551. Since then, Dogecoin has continued to thrive, fueled by the unwavering support of its passionate and dedicated community.
The Doge Killer’s Rise to Meme Coin Stardom
Shiba Inu (SHIB), also known as the “Doge Killer ” made a name for itself within months of Dogecoin’s initial burst of fame. In fact, SHIB was created as a parody of DOGE, using a similar Shiba Inu dog mascot. Like any popular meme coin on the market, Shiba Inu also prides itself on a close net community, known as the “Shib Army ”. This DeFi community promotes the token through a fun and engaging selection of online activities such as social media campaigns, and creating fun memes. Together, they have pushed the token’s price to the moon countless times.
With a market cap surpassing $7.9 billion, Shiba Inu has emerged as one of the most valuable cryptocurrencies in existence, solidifying its prominent position in the market. This achievement is a testament to the unwavering support of its dedicated community.
DogeMiaygi: Redefining DeFi With Community-Centric Decentralization
DogeMiaygi (MIYAGI) is a new addition to the meme coin sphere. Although the token launched its presale around a month ago, it’s already seeing a momentous level of interest. Why is this? Well, not only does DogeMiyagi exhibit the same community focus as the aforementioned successful meme coins, but doubles down on it to such a great extent, almost redefining DeFi.
In its quest to become a fully-fledged Decentralized Autonomous Organization, MIYAGI is committed to infusing every aspect of its existence with the principles of decentralization. By adopting a community-led approach, the token recognizes the pivotal role of its token holders in shaping the coin’s destiny. Beyond mere peer-to-peer value exchange, MIYAGI invites its holders on a collaborative journey, empowering them to steer the course of its future.
Although each of these tokens offers something different, it’s clear that dedicated communities are the key ingredient to a successful meme coin. However, meme coins do vary in terms of theme, community, and especially in DogeMiyagis case, levels of utility! While most do not offer much in terms of crypto utility, MIYAGI plans to use its DeFi swap site called the Killer Swap Machine, and NTF collection to set itself apart from the pack!
Follow the Links For More Information on DogeMiyagi!
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi
