Dogecoin, Shiba Inu, And The Meme Coins That Are Making A Comeback
It’s not unusual for something to go viral, whether it’s a funny meme, a funny tweet, or a funny image. However, lately it seems that some of these popular memes have been inspiring more than just retweets — they’ve been inspiring their own currencies!
The latest of these meme coins to make their way onto the markets are Dogecoin and Shiba Inu. What began as a joke, inspired by a popular meme featuring a Shiba Inu dog, has now become its own cryptocurrency — just in time for Crypto Spring.
What Is Dogecoin?
Dogecoin is a cryptocurrency created in 2013 by Billy Markus and Jackson Palmer. It was inspired by the “Doge” meme, which features a popular Shiba Inu dog with broken English captions. It has since become a popular cryptocurrency, with a market cap of over $9 billion.
The coin’s popularity is largely due to its laid-back, light-hearted approach to both marketing and trading. It’s notably utilized by some of the biggest names in the crypto world, such as Elon Musk and Mark Cuban.
What Is Shiba Inu?
Shiba Inu is a relatively new cryptocurrency that was created in April of this year. Although inspired by the Dogecoin meme, it is a different currency with its own unique features.
Unlike Dogecoin, Shiba Inu is a decentralized currency not limited by mining. Its tokens are not mined, but instead are distributed to holders of Ethereum and other cryptocurrencies. This has made it easy and accessible for anyone to buy this new cryptocurrency.
What Are The Benefits Of Meme Coins?
Meme coins like Dogecoin and Shiba Inu are popular because of their light-hearted approach to marketing their coins. This has allowed them to gain popularity quickly, while still maintaining an air of legitimacy.
They’re also an easy way to invest in the cryptocurrency market, with low barrier to entry. Anyone using Ethereum or other cryptocurrencies can get involved with minimal effort.
Are Meme Coins Here To Stay?
It’s hard to say for certain whether or not meme coins will remain popular and viable investments for the long run. That being said, both Dogecoin and Shiba Inu have seen considerable success in the first months of their existence.
Dogecoin has skyrocketed to a market cap of $9 billion, while Shiba Inu has quickly become one of the top 50 cryptocurrencies in the world.
So if you’re looking for a light-hearted investment, you may want to consider Dogecoin or Shiba Inu. Who knows — you could get in on the ground floor of the next big crypto craze!
