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Meme Coins | Dogecoin, Shiba Inu, DogeMiyagi

Coin-Cults: The Cultural Effects Leading To The Rise of Dogecoin, Shiba Inu and DogeMiyagi

Cult followings have been a thing for as long as the internet has been around. Be it celebrities, bands, groups or even movies/tv shows, there have always been communities of people who have driven widespread awareness online by constantly talking about it and sharing news and other information about it. This effect leaked into the crypto world and is responsible for the rise of many coins, but meme coins in particular. Entire communities were created on various platforms with one intention – make meme coins the centre of everything.

This is the primary cause of the success of coins like Shiba Inu and Dogecoin. Through the incredible communities they had created online, be it on social media networks or discussion forums, the activities of these groups – along with the right kind of support – creating a loud enough bang online to drive investors to their doorstep and pour their money into this new concept. Over the past decade, social networks have grown in leagues, leaving no heavy lifting to be done by newcomers like DogeMiyagi.

Dogecoin –  Pioneering Success and Growth

When Dogecoin first entered the scene, it was meant to be a parody of crypto giant Bitcoin, but soon, it was in the league of giants itself. Once on the market, it gathered a flurry of attention from people online, including Elon Musk, who is also the reason why the coin is so successful today.

On the other hand, the actual doge meme was already a notorious trend online before crypto. Shared across countless social networking sites, the meme gathered its own community at some point. When it became a crypto token, it was a matter of converting the already existing community.

The cult effect was prominent on Twitter, where Elon Musk shared a number of tweets about Dogecoin, which was effective in growing its popularity in this area, along with having an impactful influence on its value and performance.


Shiba Inu: Covering The Paw-Prints of Dogecoin

Although much younger than Dogecoin, Shiba Inu is considered its strongest competitor. Referred to as the Dogecoin Killer, it followed a similar trajectory as Dogecoin in growth and popularity, with one exception, it formed its own community responsible for everything.

When Shiba Inu hit the market, it leveraged the popularity of the Shiba Inu dog breed – much like Dogecoin – which was trending on the internet at the time because of both Dogecoin and the popular pre-doge meme. This and a few favourable Tweets from Elon Musk propelled it into success.

Although, other things led to its success. Like Dogecoins communities on Twitter, Shiba Inu created its own community on social media called the Shib Army. This community ensures the coin’s success by sharing news and information and creating real-world use cases and partnerships.

DogeMiyagi: Ultimate Cultural Leverage

DogeMiyagi is the latest dog-themed meme coin that has caught investors’ attention. Like the others, it follows the trend of leveraging existing pieces of pop culture, but DogeMiyagi does it entirely differently. As the name suggests, it leverages the iconic Karate Kid movies.

This is a brilliant strategy because it has made an emotional connection with its audience and has the potential to convert the current karate kid community into their community. This popularity will incredibly impact their success, especially with the referral system, which will contribute to their growth of users.

This concept also makes its social media strategy effortless because countless resources are already themed toward their main concept, which they need to convert into their materials. This will increase the likelihood of their greater reach because it will compel people to share their content and invest, thus contributing to their growth


Summing Up

Without the involvement of social media or the popularity of the materials that inspired them, these coins may not have found this much success. Through the communities already formed around these topics, Dogecoin, Shiba Inu, and DogeMiyagi found incredible support and faced effortless growth.

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