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The cryptocurrencies that were inspired by memes currently ruling the crypto community. For the past two weeks, meme coins have brought huge profits to investors and the meme coin holders.
The crypto meme community was trying to prove they were not just a funny memecoin but would also be considered a leading crypto start-up company.
Big Eyes, a cat-themed meme coin on Ethereum, is the current star of the crypto meme market. Big Eyes Coin (BIG) is doing big things in the crypto market. BIG is expected to raise an additional $12 million by the end of the month; currently, it raised $18 million.
Recently the cat-themed meme coin said it would grant 5% of its token supply to charitable uses. In addition, Big Eyes is planning to launch an NFT collection that allows users to access exclusive events related to Big Eyes. The BIG team announced an additional 200% bonus with the promotion code LAUNCHBIGEYES200.
Shib Inu experienced a 40% growth rate at the start of the new year
The dog-themed meme token Shiba Inu (SHIB) has outperformed other top cryptocurrencies in this new year. The leading cryptocurrencies, Bitcoin and Ethereum, lag slightly behind Shiba Inu in this weekend’s crypto market.
According to CoinMarketCap, Shiba Inu is trading at $0.000012 at press time, up by $0.31% in the past 24 hours. At the start of 2023, SHIB experienced a nearly 40% growth rate.
With the continuous growth of SHIB in the market, investors are showing interest in investing in the platform. The ten platforms that accept Shiba Inu for transactions are Hostkey, Gamestop, DavidSW, American Cancer Society, Jomashop, Sling, APMEX, Petco, Whole Foods, and Nordstrom.
With Elon Musk’s support everything is possible
Twitter CEO Elon Musk’s favorite, Dogecoin (DOGE), is trading at $0.098, up by 6.99% in the past 24 hours.
Musk prompted Dogecoin in different ways, like with his tweets and by posting and promoting various memes about Dogecoin on social media. On Feb 14, 2021, a tweet by Musk created hype in the Doge market that “Dogecoin is the people’s growth.” On May 13, 2022, another tweet helped the entity to raise its profit value, saying, “It has potential as a currency.”
Recently Forex Suggest found a foreign exchange data aggregator that revealed a report that Dogecoin is the third-fastest growing digital asset at lowering its carbon emissions by 25% in the last year.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
