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The Dogecoin (DOGE) – which started as a joke – has grown significantly and even piqued the interest of Tesla’s Elon Musk and Dallas Mavericks’ Mark Cuban. Because of its popularity, similar meme cryptos have popped up like the Shiba Inu (SHIB) in hopes that someone influential might tickle their fancy. With that in mind, another digital currency of such kind has entered the fray, and just like from where it was inspired, this one also evolves.
Enter $PIKA
The YouTuber known as Dr. Lava (DrLavaYT) recently tweeted, revealing the fairly new meme-based crypto dubbed “$PIKA.” Per the content creator’s post, it may well seem that “Pokemon” fans have banded together to develop this virtual currency that is inspired by the famous yellow creature from Nintendo – Pikachu. The post noted that $PIKA supporters are now hoping that it will be the next meme coin similar to the Dogecoin and become “as a means of exchange between Pokemon fans, and skyrocket past its current valuation, which is at $7.5 million.
Dr. Lava’s tweet came alongside a screenshot showing how this $PIKA crypto evolves to what is called a “Rai.” It details how the coin evolves once requisites are met.
Pokemon fans are not a fan of the idea
From the looks of it, this endeavor has been in the works for quite a while now since it has its website (pikacrypto.com) and even a line of merch. Nonetheless, despite all the works that were poured into this, most of the Pokemon community are not having it.
If the comments on Dr. Lava’s tweets are anything to go by, the project was viewed negatively by most Pokemon fans. One comment reads, “I have never wanted to see something flop more, nor have I ever wanted to see a legal team shut down a fan production until this point.”
Can’t be sued
Someone from the $PIKA team responded to this, stating that they’ve already consulted a team of legal experts before the project. Upon double-checking their every move on their roadmap, the said team member stated that Nintendo cannot sue them for using “Pika” nor for what they’re to achieve, creating a great community and utility coin.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
