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Meme coins are cryptocurrencies inspired by popular memes and jokes that circulate on the internet and social media. Dogecoin (DOGE) and Shiba Inu (SHIB) are the two meme coins with the highest market capitalizations. Within the second half of 2021, several dog-themed meme coins entered the market following the success of DOGE and SHIB.
There is a high level of volatility associated with meme coins. Compared to major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), they tend to be highly volatile. The reason for this may be that meme coins are heavily influenced by their communities. Online sentiment and social media usually influence their prices to a great extent. Having said that, meme coins like DOGE have proven that a strong community can make them successful.
Continue reading to find out what the most promising meme coins of 2023 are and how these popular meme coins differ from each other.
Origins of Dogecoin and its Impact on the Crypto Market
The Dogecoin project was founded in 2013 by Billy Markus and Jackson Palmer. Considered the pioneer of meme coins, DOGE was inspired by a popular meme of a Japanese Shiba Inu dog. This resulted in the coin receiving huge mainstream attention for quite a long time, catering to its success. Because DOGE is a fork of Litecoin (LTC), it uses the same Proof of Work (POW) mechanism. DOGE has heavily influenced the market, leading to the formation of similar dog-themed meme coins.
Introduction to Shiba Inu (SHIB) Coin: The Dogecoin Competitor
The Shiba Inu’s (SHIB) coin is known as a competitor to DOGE and has often been referred to as a “Dogecoin killer”. The name SHIB is also derived from a Japanese dog breed similar to DOGE. Ryoshi, an anonymous developer, created it in August 2020. In contrast to DOGE, SHIB has a limited supply of 1 quadrillion tokens, half of which have been burnt and donated to charity. An art incubator, a decentralized exchange, NFTs, and a game are also part of SHIB’s ecosystem.
BIG Impact: The Cat-Themed Coin with a Heart for the Oceans
Big Eyes Coin is a newbie in the meme coin world which has wowed the world with its $20M presale. Big Eyes Coin (BIG) follows a cat theme, unlike DOGE and SHIB. In terms of acknowledging environmental causes, Big Eyes Coin (BIG) stands out above the rest, not just in words, but in practice. The Big Eyes token is a unique community token that aims to transfer wealth into the DeFi ecosystem while simultaneously protecting oceans, one of the most important parts of our planet’s ecosystem.
With the release of the top ten NFTs, donations to ocean-saving charities, and a community of cat lovers, Big Eyes Coin is ready to transcend the crypto industry. Taking a glance at the Big Eyes Coin website gives you an idea of what to expect with these intolerably cute NFTs.
5% of Big Eyes Coins’ total supply will go to charitable organizations, such as Luna Children, Orca Network, and SeaShepherd. Investors can also save the planet and make money by networking at a variety of in-person events with like-minded individuals.
Since the token is in presale, now is a good time to invest in order to maximize your profits at launch. Users of Big Eyes Coin will also receive a once-in-a-lifetime code, LAUNCHBIGEYES200, with which you’ll receive a 200% token bonus at launch. If you fancy buying some meme coins, now might be the time!
Big Eyes Coin (BIG)
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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