Meme coins Dogetti (DETI), Shiba Inu (SHIB) and Doge Rush (DR) have entered into a dogfight to see who will take the position of Best in Show within the crypto market. The appeal of meme coins is a lasting one, and while some investors may foolishly dismiss them as nothing more than a laugh, the success that some have shown makes it clear that they can bring incredible profits to those who are in on the joke.
Dogetti (DETI) is a new cryptocurrency gaining lots of interest in the meme coin community. With a Proof of Stake consensus mechanism, DETI has positioned itself amongst a very lucrative new generation of currencies, as the old Proof of Work systems become more and more unfashionable. As Gen Z enter into the crypto market in droves, DETI is recognising the demands of a more environmentally conscious approach to cryptocurrency, and by opting for this Proof of Stake system over Proof of Work, DETI will be ensuring that their carbon emissions are dramatically lower than older generations of crypto, like Bitcoin (BTC). Another thing that they have recognised that the crypto market needs more of is philanthropy, and DETI are addressing this by including a pledge to donate 2% of every transaction to charitable causes, via their dedicated charity wallet. Due to the community-based nature of the coin, DETI will be using a Decentralised Autonomous Organisation (DAO) to decide both the future of the currency and the charities that DETI tokens are used to support.
Shiba Inu (SHIB) is a meme coin that began as a joke, to rival the original meme coin, Dogecoin (DOGE), but has succeeded in its own right since its launch. Based on the Ethereum blockchain, SHIB works similarly to Dogetti (DETI) on a Proof of Stake basis. With a fiercely loyal community that is dedicated to the success of SHIB, the currency has seen times of incredible upward momentum, resulting in unprecedented profits for its investors. SHIB has seen an upturn in its activity, recently placing it in the top 20 of coins by trading volume with rates of around $160 million, which proves that there is life in this old dog yet.
Doge Rush (DR) is another meme coin still in its presale stage, which is capitalising on the appeal of a Play to Earn system, encouraging investors to get involved in an addictive but simple game with high meme-ability, while earning DR tokens for their play time. While the attraction of this easy earning concept is apparent, the mechanisms behind the currency means that DR will be operating on a Proof of Work basis, with the game time being used to mine the coin and rewarding their players thereafter. With Proof of Work systems coming under fire in recent months due to potentially catastrophic effects on the environment, many members of the crypto community are calling into question the sustainability of DR, and if it will sustain interest as more and more people turn away from these traditional, damaging methods.
While some investors may still miss the potential in meme coins, those who invest early have an opportunity to join them on their journey to the moon, making massive profits and completely shaking the foundations of the crypto world. Whether it be Dogetti (DETI), Shiba Inu (SHIB), or Doge Rush (DR), the race for who is going to be the next alpha in the crypto pack is much anticipated.
Presale: https://dogetti.io/how-to-buy
Website: https://dogetti.io/
Telegram: https://t.me/Dogetti
Twitter: https://twitter.com/_Dogetti_
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.