Memecoins like Dogecoin, Shiba Inu, and Mehracki Have Come A Long Way In The Crypto Space

Key Highlights:

• Dogecoin and Shiba Inu have done a lot for the crypto meme sphere.
• Mehracki could be a strong new contender.
• Memecoins are going to take over the crypto space in 2022.

Meme coins are coins based on internet memes and jokes. The value of a meme token is based on influencers' endorsements and the overall hype created online.

Dogecoin (DOGE) was the first coin to enter the crypto space in 2013. Since then, meme coins have changed significantly. With hundreds of meme coins in the crypto space currently, with Shiba Inu (SHIB) being a big one, as well as newcomers such as Mehracki (MKI), meme coins have gained popularity over time as they begin to offer more to their users.

Every Dog Has Its Day – Dogecoin (DOGE)

Being the first meme coin to enter the crypto market, as well as the most popular meme coin currently, DOGE is a prime example of how meme coins have developed over recent years. Launching in 2013, it has gained popularity over time, especially with the likes of Elon Musk. Showing his public support through social media in 2019, Dogecoin began to rise in popularity, even more so at the beginning of this year when Musk announced that Tesla would begin to accept DOGE as payment. Being the first and currently only cryptocurrency to be accepted by Tesla, Dogecoin saw a significant rise.

Gucci has also announced that they will begin accepting specific cryptocurrencies as payment, including Bitcoin, Dogecoin, and Shiba Inu.

Good Things Come In Cute Packages – Shiba Inu (SHIB)

Following close behind DOGE, Shiba Inu is another high-profile coin within the crypto space. Initially existing as a basic meme coin, driven by online hype including tweets from Elon Musk, SHIB has shown major growth. From starting as a simple meme coin, the SHIB ecosystem has grown to support NFTs and also has a DeFi platform called ShibaSwap.

Shiba Inu has recently announced further development of the meme coin, as users are now able to use Shiba Inu to purchase land in the SHIB metaverse. With 100,595 different pieces of land available for purchase in the SHIB: The Metaverse, users can also add customizable options to the virtual land. Initially, users were only able to purchase land using Ethereum (ETH).

Landowners in the SHIB metaverse will be able to generate passive income, gather in-game resources, and generate rewards. With more details to come, Shiba Inu has shown true progression within the crypto space.

Love and Harmony – Mehracki (MKI)

Being a new meme coin entering the crypto space, there is strong potential for Mehracki to go far within the market. Starting out differently from other meme coins, MKI will stand out more than other newcomers. Most meme coins do not incentivize the adoption of token; instead, with no rewards, they depend on internet hype to promote them. Mehracki however, already has several incentives for adoption put in place and will even go a step further to gamify milestones for increased loyalty.

Spelled "Mehracki" it's intended to comically reflect the mood of many crypto users who feel "meh" because they're bored of the repetitive coins in the industry, Mehracki is looking to put the love back into the fatigued market.

Mehracki has its visions and aims in sight, focusing on longevity, community, transparency, and scalability. They know exactly what they want to achieve and how to do so. Everybody will be able to use Mehracki as it is built to scale and allows for modest value transactions, keeping its users happy.

So Which One Should We Be Keeping Our Eyes On?

While meme coins continue to grow, the hype of Dogecoin and Shiba Inu will only last so long as Musk continues to stay circulating on social media. With the news of Musk buying Twitter beginning to die down, it is likely DOGE and SHIB will reduce. As of right now, keep your eyes peeled for Mehracki to enter the space.