Cryptocurrency

Meme Me Up, Scotty: Going to the Moon with Meme Coins Dogecoin, Shiba Inu, and DogeMiyagi

Samarpita Chakraborty

In cryptocurrencies, more and more investors are looking for fun, and innovative ways to grow their investments, and the meme coin market is one of the most popular ways to do this. With unique marketability as well as an ability to make movements on the market that ordinary altcoins could not dream of achieving, meme coins are not only a great way to have a laugh but also a seriously promising investment opportunity.

Dogecoin (DOGE), Shiba Inu (SHIB), and DogeMiyagi (MIYAGI) are three doge-based meme coins that have the potential to thrive on the market, and meme coin enthusiasts everywhere cannot wait to see what is next in store for these exciting coins.

Dogecoin: Old Dog Needs to Learn Some New Tricks

Dogecoin (DOGE) was the original meme coin and has been the most popular on the market since its launch in 2013. Currently sitting at #8 on the market, DOGE has come a long way since its initial release, where its creators intended for the coin to be no more than a joke, making fun of how seriously traditional cryptocurrencies like Bitcoin (BTC) took themselves.

In 2021, however, meme coins experienced a boom where DOGE skyrocketed in price and made many of its investors rich, and since this, the crypto community has taken meme coins more seriously as a potential for real returns on investment. Operating on its own blockchain, DOGE utilises a proof of work consensus mechanism, which has come under fire due to the energy-intensive nature of this system, and many believe that DOGE should begin to transition into the more environmentally friendly proof of stake consensus mechanism in order to stay ahead of the curve and in the good books of the crypto community.

Shiba Inu: Ready to Charge

Shiba Inu (SHIB) is the second most popular meme coin, sitting at a respectable position of #19 on the market. SHIB also was a part of the meme coin boom in 2021 and made millionaires of many of its investors overnight. The coin hasn't yet experienced a resurgence in price quite to the level of 2021's dizzying heights, but the community behind the coin has never given up hope that their beloved coin will return for a second boom on the market. The SHIBArmy, as the SHIB community like to be called, are fiercely loyal to the coin and have helped it to weather even the darkest of times on the market, and this ultimately has made the coin even stronger with the potential for growth beyond even what they saw in 2021.

DogeMiyagi: The Meme Coin of The Future

DogeMiyagi (MIYAGI) is a fresh new meme coin that crypto analysts believe could be the next doge-based coin to make a splash on the market. Similarly to the SHIBArmy, the community behind MIYAGI is growing in strength, and this is sure to lead to great things for this coin. Still in its presale stage, MIYAGI has been gaining traction amongst the crypto community, and anticipation continues to build for its launch later in the year. Built on the Ethereum (ETH) blockchain, MIYAGI operates on a proof of stake consensus mechanism, which is far more eco-friendly than the proof of work system that Dogecoin (DOGE) uses, which stands it in good stead for the future as more and more investors are beginning to demand that cryptocurrencies take accountability for their carbon footprint.

Meme coins have been the most intriguing area of crypto since their inception with Dogecoin's (DOGE) creation in 2013, and the most exciting since the price boom that saw Shiba Inu (SHIB) skyrocket in value. What the future holds for DogeMiyagi (MIYAGI) and meme coins as a whole remains to be seen, but it's sure to be one hell of a ride.

DogeMiyagi:

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