Meme coins have received a lot of criticism from crypto analysts over their lack of real-life applications and use cases. However, meme coins have also historically been reasonably successful in bringing impressive profits to their investors. Meme token communities are strongly backing their favourites, which has helped meme coins survive the crypto crash with lower hits compared to other altcoins.

Even though Dogecoin (DOGE) and Shiba Inu (SHIB) are currently the two largest meme coins in the crypto market, diversifying between tokens and investing in a new upcoming project like Mehracki (MKI) might prove beneficial for crypto enthusiasts.

Is Dogecoin (DOGE) Still The King Of Meme Coins?

Launched in 2013, Dogecoin (DOGE) is the first meme coin in the crypto world and was created based on a joke. However, Dogecoin (DOGE) did not attain spectacular success until receiving support from Elon Musk, which was followed by a high trading volume, which brought great returns to many early adopters.

Dogecoin (DOGE) is an open-source, peer-to-peer (P2P) cryptocurrency that runs on its own blockchain. This meme token's success is evidenced in its rise to the top ten crypto based on market cap, making it the only meme coin among the top ten cryptocurrencies at the time of writing. Dogecoin's strengths appear to stem from its distinct and thriving community.

Shiba Inu (SHIB) Has Strong Community Support

Often dubbed "Dogecoin's killer", Shiba Inu (SHIB) is an incredibly popular meme coin. Shiba Inu has a significant social media presence and a devoted community following. Both of these characteristics add to the meme coin's competitive advantage.

Shiba Inu is one of the cryptocurrencies that have a large presence of whales – large crypto holders – who are likely to have a significant influence on SHIB's latest rebound. As recently reported in the crypto news, Ethereum whales boosted their holdings in Shiba Inu (SHIB) by more than 580%, moving Dogecoin's competitor from seventh to second place. Shiba Inu is currently the second-largest holding among the top 100 Ethereum wallets.

Shiba Inu has recently gained increasing value as a payment mechanism. SHIB is ready to surpass its current status as a decentralised meme coin. The SHIB Metaverse is the most recent addition to this series.

Additionally, Shiba Inu has recently launched additional minting options to its customers, as well as a new burn page and a new layer-2 solution targeted at cutting SHIB transaction fees and broadening its reach.

Mehracki (MKI) To Impress Crypto Community

Mehracki (MKI) is a Solana-based community-driven, feel-good meme token designed to enable users to earn income. The decentralised project and its robust ecosystem will be powered by its native token, MKI.

According to the news articles, the platform is motivated to become one of the frontrunners in the meme coin sector change, supporting actions and initiatives that will contribute to improving the crypto industry.

Mehracki provides users with the unrivalled advantage of Solana's blockchain. Faster transactions are completed with almost no delay, and the cost per transaction is low enough that traders do not need to spend a dollar until more than a thousand token transactions have been completed.

Mehracki Token (MKI) is committed to scalability, utilising Solana's infrastructure to provide easy integration and exchange across projects, hence opening new channels to accommodate greater audiences on the network.

If you are interested in learning more about the new project, you can find more information in this article.

Mehracki (MKI)

Presale: https://buy.mehracki.io/register

Website: http://mehracki.io

Telegram: https://t.me/Mehracki_Official