Who let the [Shiba Inu] dogs out? Shiba Inu (SHIB) is about to shake up the market with the upcoming release of Shibarium: the Shiba Inu blockchain. Recently a crypto whale pocketed a staggering 4.41 trillion SHIB tokens. The market for meme coins, as a result, is buzzing. Other meme coins that can accompany SHIB in riding this wave are Floki Inu (FLOKI) and DogeMiyagi (MIYAGI). This article delves into recent developments and events to guide investors.
Game Changer For Meme Coins: Shiba Inu’s Shibarium
While most meme coins run on the Etherium or Binance blockchain, Shiba Inu is coming out with news of the Shibarium sending disruptive waves across the market. Despite the excitement being generated, questions arise on the impact of this on its market demand since it will be largely an infrastructure upgrade. Potentially, it can address network congestion, slow transactions, and vulnerabilities to hacks. But will it be enough to increase market demand? There is speculation that SHIB will expand its product offering to include play-to-earn games (P2E) and NFTs, but it remains to be seen.
The extent to which traditional issues of meme coins, perceptually, will be addressed is not seen. For example, the stigma of being ‘pump-and-dump’ schemes at the mercy of social media hype. If SHIB is to be more competitive, it must reshape its perception of meme coins within the crypto market and proactively drive token demand. In order to generate more excitement, there has to be a long-term focus on this area.
DogeMiyagi: The ‘Daniel LaRusso’ Among Meme Coins
DogeMiyagi is inspired by the iconic Dogecoin (DOGE) and the legendary Mr. Miyagi from ‘The Karate Kid’. It is in presale and can leverage the fan-following meme coins have among the Gen-Z community, emulating the success of Dogecoin. Its branding, its usage of quotes by Mr. Miyagi, and its referral programme can drive its popularity. As other Dogecoin-inspired meme coins like SHIB take centre stage with Shibarium, other meme coins will likely spike investors’ interest. If Shibarium succeeds in creating a more secure and efficient environment for meme coins, tokens like MIYAGI can gain as investors may view them as cheaper alternatives.
FLOKI: After All, How Many Meme Coins Can Say They Were Named After Elon’s Pet Dog?
Named after Elon Musk’s Shiba Inu, FLOKI is among the top meme coins. However, interest is starting to wane as its token value has gradually declined. There are bullish sentiments because of FLOKI releasing its decentralised finance (DeFi) portal and metaverse. Yet how well investors and users have taken this on board is unclear. While its journey has been marked by volatility, it has gotten its interest waned as the competition heats up. The Shiba Inu whale’s massive SHIB acquisition and other tokens like PEPE and WSM experiencing similar acquisitions have raised question marks for FLOKI. Nevertheless, its inspiration being tied to Elon Musk and its popularity among gamers can give it a substantial hold on the market.
In conclusion, the highly anticipated release of Shibarium, the Shiba Inu whale’s monumental token accumulation, has set the market for meme coins ablaze. Indeed, the renewed interest in meme coins, as a result, can benefit tokens like DogeMiyagi and FLOKI boosting investor interest. This confluence of events could lead to a price surge for these tokens, in which case, MIYAGI stands to benefit. In contrast, it is the only presale token. It has a lucrative referral programme. Finally, Mr. Miyagi has its back.
Join the DogeMiyagi presale today and embark on a journey to unlock a world of referral-based rewards & more.
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