Stop, drop but don’t roll over just yet because crypto hasn’t and instead has now gone mainstream as 2023 was the year the defined to the world that Crypto is here to stay. The crypto adoption curve is at an all-time high ever since Ripple (XRP) made history after was determined in a court of law and was cleared of being labeled as a security. Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA) are some of the most popular cryptocurrencies held by Americans. Cryptocurrency is no longer seen solely as an investment and more people are becoming aware of its potential which has led to an annual increase in adoptions across the country. This has led to the popularity of presales for tokens with utility similar to that of DogeMiyagi (MIYAGI).
Riding the Crypto Adoption Curve: The New York’s Ripple Effect
Currently, approximately 16% of Americans have invested in or traded cryptocurrencies, with ownership doubling between 2018 and 2019. Interestingly enough, approximately 19% of New York residents own cryptocurrency. New York is also home to 692 blockchain organizations, along with over 800 founders. Notably, New York is not only home to Ripple, but it is also where the legal battle between the SEC and Ripple took place last month. On July 13, 2023, U.S. District Judge Analisa Torres ruled in favor of Ripple, absolving Ripple Labs Inc. of violating federal securities law by selling XRP tokens on public exchanges. The value of Ripple soared from $0.473 to $0.819, translating to an increase of 73.06%. This increase has only fueled crypto adoption in the United States.
Cardano’s EVM Integration Fuel Adoption & Interest
Another popular cryptocurrency, Cardano, saw its transactions jump by 49% in Q2 due to new users and network upgrades. The blockchain load for ADA peaked at 81% in May and was 40% during Q1, translating to an increase in interest from both users and developers. Heightened blockchain engagement is often a precursor to a potential price increase, indicating growing demand and adoption. Cardano’s integration with the Ethereum Virtual Machine (EVM) expanded its ecosystem utility, allowing it to access EVM smart contracts while using ADA wallets. These advancements have expanded the platform’s capabilities and potential use cases, leading to an increase in interest.
DogeMiyagi Presale Charges The Killer Swap Machine
Apart from established cryptocurrencies such as Ripple and Cardano, meme tokens have garnered attention, especially those that offer utility. DogeMiyagi, a meme token inspired by Mr. Miyagi from The Karate Kid trilogy, has managed to generate a flurry of interest from investors due to its impressive presale performance. The presale, currently in its 5th stage, has seen a staggering increase of 466.67%. The Stage 1 presale started at $0.006 and has reached a current value of $0.0034. The unique token-burning mechanism has led to a reduction of 99% in token availability, resulting in scarcity.
The truly unique and defining mechanism that adds utility, similar to that of Cardano, is the DogeMiyagi Killer Swap Machine. This decentralized exchange service will be powered by Uniswap, enabling seamless and instant token swaps between Miyagi and various other ERC-20 tokens, including Ethereum. In addition to the swap mechanism, DogeMiyagi will be introducing its NFTs, which promise a unique and immersive experience with a touch of nostalgia coupled with benefits.
Closing Thoughts
As we reflect on the monumental strides of Ripple, the integration prowess of Cardano, and the pioneering spirit of DogeMiyagi, one truth becomes evident: crypto adoption is not just a trend but a paradigm shift. The interplay of legal victories, technical evolution, and novel tokenomics paints a picture of a future where cryptocurrencies are seamlessly woven into the fabric of our lives. The journey has just begun, and as the crypto adoption curve reaches unprecedented heights, the world stands witness to a new era of financial empowerment and technological progress.
DogeMiyagi (MIYAGI):
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi