With how much has happened both in crypto and the world over the past few years, it’s easy to feel like the meme coin craze is a thing of the past. It’s best not to count every crypto community’s favourite trend out just yet, though!
Top veterans of the game, Dogecoin (DOGE) and Shiba Inu (SHIB), are stepping things up a notch above the competition, outpacing even the biggest cryptos on the market lately in many different ways. At the same time, a newcomer with an old soul is preparing to bring the age of meme coins back with the exciting and lucrative features it has displayed so far! Can DogeMiyagi (MIYAGI) prove that it is more than just a name that makes 80’s film buffs smile?
Dogecoin Proves Why it’s the Top Dog
At this point, we all know the history behind Dogecoin. Originally created as a fun and more accessible alternative to Bitcoin (BTC), the original meme coin has firmly held its position as the most valuable meme coin on the market, even during its most volatile times.
This past week is yet another example of that, as the token’s daily transaction volume passed Litecoin (LTC) and even Bitcoin (BTC), establishing a brand new lifetime peak for the meme coin as it reached over 645,000 transactions.
Shiba Inu Barks Back
As Dogecoin’s original successor, Shiba Inu had a big collar to fill, but it had no trouble fitting its head in at all. Having at one point passed Dogecoin in value, Shiba Inu is easily one of the most popular and successful meme coins to ever hit the market. With that said, it has recently shown to be in a difficult position, though longtime investors aren’t worried.
The coin hit a worrying low at the end of last week, but it seemed like a false alarm as it had made a 5% gain by the start of the next week, putting an end to its seven-day losing streak. It’s like witnessing the underdog rise from the ashes, ready to take on the challenges ahead. But what exactly fueled this sudden turnaround?
The answer lies in the positive turn of critical on-chain indicators. These indicators provide insights into the underlying blockchain data, helping investors gauge market sentiment and make informed predictions. With the recent improvements in these indicators, it’s no surprise that investors are starting to embrace a more bullish outlook for SHIB’s future.
Bring All Your Friends to DogeMiyagi
As a meme coin launching post-frenzy, DogeMiyagi has the unique position of being able to look at what worked and what didn’t for the successful meme coins on the market and then apply that knowledge to create the most well-rounded meme coin possible. Whether the project has managed to pull this off is yet to be seen as it’s still early in the 1st stage of its presale, but based on what has been announced for its future, it’s definitely worth paying attention to.
DogeMiyagi will be more than just another token – it’ll be a revolutionizing meme-focused platform. Powered on the Ethereum (ETH) blockchain, the platform aims to build a hub for meme coin enthusiasts to gather and take part in many different activities together while profiting at the same time. The platform will facilitate discussions on crypto, encourage the creation of hilarious memes, and simplify trading for DogeMiyagi’s own exciting NFT collection. The end goal is to then eventually give the community 100% control, allowing them to turn it into the perfect platform and coin based on their wishes.
Something else worth knowing about DogeMiyagi is its exclusive referral program. It will be available to all new users, giving them the opportunity to make a 10% commission on all their investments when they first join, encouraging others to join the DogeMiyagi so that everyone can benefit from the lucrative incentives together!
Final Thoughts
Whether or not the return of the meme coin craze is tomorrow, a week from now or even a month, it’s almost certainly right around the corner, and all three of these cryptos are just some of the many that will benefit from it by growing exponentially! Whether you invest in the established Dogecoin and Shiba Inu or decide to start fresh with something new and exciting like DogeMiyagi, it’ll be a decision you won’t regret.
For more on DogeMiyagi, check out the links below:
Website: https://DogeMiyagi.com/
Twitter: https://twitter.com/_DogeMiyagi_
Telegram: https://t.me/DogeMiyagi
