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Things are heating up in the world of crypto as a meme coin that launched just a month ago has kicked the wall down and is storming its way to the top. But to understand this, we should also understand how meme coins started to begin with and also take a look at another meme coin that could soon become another threat to the top dogs in the meme coin space.
These are the individual tales of Dogecoin (DOGE), Pepe (PEPE) and DogeMiyagi (MIYAGI)!
DogeCoin Starts it All
A meme that would forever alter the history of cryptocurrencies was once born in the vast expanse of the digital world. As a humorous imitation of Bitcoin, Dogecoin, often known as the “fun and friendly” coin, first appeared in 2013. It was like a cheeky brother making fun of its more sombre sister while causing joy and amusement online. You might wonder what makes Dogecoin so endearing.
To begin with, it has a thriving and committed community that supports its purpose. There are many people in this group all over the world that are dedicated to having fun and supporting one another, which has allowed it to remain a success almost a decade later.
Dogecoin is and always has been pleasantly straightforward, in contrast to some other cryptocurrencies that take themselves a little too seriously. It runs on a blockchain, which enables quick and inexpensive transactions. It’s like the cheetah of the cryptocurrency world, completing transactions at breakneck speed while imposing the fewest possible fees. But Dogecoin’s supply system is where the real magic happens. Dogecoin boasts a limitless supply, in contrast to the finite supply of Bitcoin.
This distinctive feature guarantees that Dogecoin can be used freely, making it generally accepted by the general public and easily accessible. Dogecoin’s allure extends beyond just the world of crypto. Dogecoin is noteworthy for its charitable efforts, demonstrating that a coin may have an impact beyond the world of money. The Dogecoin community has raised money for a variety of good causes over the years, helping philanthropic initiatives like clean water projects, disaster relief efforts, and even sponsoring athletes.
Pepe Lives Up To its Meme Inspiration
In a sea of endless memes, there is one that could potentially be considered the biggest, most quintessential meme that has survived the test of time. Pepe The Frog. No matter what social media sites and apps you usually use, you have undoubtedly seen the Pepe meme and all of its variations. There is nowhere to run from it. Given this context, it makes sense that the current generation of meme coins would draw inspiration from their predecessors’ memes.
PEPE, a cryptocurrency that was, of course, named after the aforementioned meme, has experienced tremendous development and success since making its debut in April, or exactly one month ago. Its growth has been phenomenal; it has surpassed the well-known Floki Inu (FLOKI) to become the third-highest-ranking meme coin on the market, with a current market cap of over $619 million.
The explosive meme coin operates as an ERC-20 token built on the Ethereum blockchain, meaning it uses the network of proof-of-stake validators on Ethereum to process transactions. It’s like having a strong ally in the cryptosphere who will ensure PEPE’s activities run smoothly and securely. The total token supply stands at over a whopping 420 trillion PEPE coins.
Currently, approximately 93% of that is in circulation, circulating through liquidity pools for trading. The PEPE team destroyed their liquidity provider tokens by burning them. They also took the bold step of giving up control of the contract. Yes, you heard correctly. They voluntarily relinquished their ability to modify the cryptocurrency’s code as well as their ability to control it. The aim behind this is to show the community that regardless of the fast success the crypto is experiencing, everyone is in this together.
DogeMiyagi Creates A Community Full of Fun
The DogeMiyagi platform allows its members to express their talent for producing humorous and popular memes, which keeps the laughs coming. But wait, there’s more—get ready for the ultimate treat! Limited-edition DogeMiyagi NFTs are available, providing a one-of-a-kind and collectible work of digital art. It’s like having a unique token that sets you apart from the competition, a piece of crypto history. Not to mention the thrilling cryptocurrency discussions that dominate the DogeMiyagi community. The newest trends, market insights, and trading techniques are discussed here by aficionados, and this community is something you don’t want to miss out on.
It resembles a crypto battleground where knowledge is exchanged, and views fight for the goal of monetary gain and growing one’s crypto empire. Let’s not forget, though, that DogeMiyagi’s very own token is what drives this magnificent display in the midst of all the excitement. Running on the Ethereum network, it reaps all the benefits that come with it. The community’s actions are supported by this token, which serves as the platform’s vitality. It enhances the value and usefulness of the entire DogeMiyagi ecosystem, similar to the secret ingredient in a meme currency potion. And just like Pepe, it plans to become entirely community driven by relinquishing its smart contract as well!
On top of everything else, users can earn a hefty 10% reward on their referral investments by just inviting others to join the group. The best thing, though? Their wallets are automatically credited with the commission.
For more on DogeMiyagi, check out the links below:
Website: https://DogeMiyagi.com/
Twitter: https://twitter.com/_DogeMiyagi_
Telegram: https://t.me/DogeMiyagi
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