Social media has played a significant role in our perception of cryptocurrencies. Digital forums, cryptocurrency, and other social media have become intertwined because of the benefits and growth experienced by utilising these channels. It allows for a far better reach of their audience and gives them a platform to express their insights, ideas, new features, and partnerships, which compels more people to invest in their projects. Social media has aided in the exponential growth of cryptocurrencies, particularly meme coins, and has given rise to top meme coins like Shiba Inu and Dogecoin.
Dogecoin and Shiba Inu entered the market a few years apart, but both have found a flood of success through social media. Whilst Dogecoin does not have a specific community on the web, its social media presence is widely felt, and its followers are known for influencing its price, which has also led to it being extremely successful.
In comparison, Shiba Inu has utilised social media to its advantage and created an actual group on these channels responsible for its success. On the other hand, DogeMiyagi, although new, can leverage social media better than both of these coins combined and find immense success.
Dogecoin Gathering Iconic Attention
Dogecoin entered the market in a storm and brought a light-hearted perspective on what was perceived as a very cut-throat market. It gained an instant reaction from investors because of the popularity of its mascot, which was crafted as a famous internet meme. Soon after, it caught the attention of many celebrities including Elon Musk, which seemed to have the biggest influence on its success.
Following this exposure it gained momentum anytime insights and news was shared, particularly when any comments were made by Musk himself. The reaction to the tweets shared by Musk caused the prices to soar, along with creating a cult following for the token. In addition to this, other channels like Reddit were utilised very well to influence the success of the coin through insight sharing and regular discussions which compelled users to purchase the token.
Shiba Inu Follows Doge Pawprints
As mentioned earlier, Shiba Inu and Dogecoin appeared on the market years apart from each other yet still found similar success because of their popularity and communities.
Whilst Dogecoin was crafted after a popular meme, Shiba Inu’s concept was inspired by Elon Musk’s Dog, Floki. This led to a large following and the almost immediate success of the coin. It leveraged the Dogecoin community to establish itself by attracting users who were experienced in growing meme coin popularity.
In addition, it created its community – the SHIB ARMY – which is responsible for the exposure of the token and is crucial to its success. This community operates similarly to the communities of Dogecoin, sharing insights, marketing the token, and maintaining a strong brand image that compels users to invest in the token.
DogeMiyagi: The Greatest of All Doge?
DogeMiyagi aims to follow in the footsteps of its predecessors, Shiba Inu and Dogecoin but with one exception; create better value. Leveraging one of the most loved pieces of pop culture, Karate Kid, DogeMiyagi starts its journey strong by creating an instant connection with its audience by giving them a piece of their childhood, motivating them to invest. Furthermore, it can leverage the community of the original movies, much like what Shiba Inu had done with Dogecoin, to grow its community.
Shiba Inu makes good use of social media through a referral system that incentives users to share their codes with others to receive a 10% commission. This provides the platform with the necessary exposure it needs, sharing it across all channels and guaranteeing the growth of its community. This strategy is an excellent way to also grow their token holders and ensure the most value for the coins.
Which Doge Wins?
When it comes to social media, it is clear that all these meme coins have used it extremely well to ensure their success. Dogecoin and Shiba Inu have used social media to create an excellent online presence and promote themselves, which is the primary road to their success. DogeMiyagi can use this and its referral system to grow and succeed.
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WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost
AVISO IMPORTANTE: La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido