A niche in the crypto market that is never not exciting is the meme coin space. The space has long been dominated by Dogecoin (DOGE) and Shiba Inu (SHIB). Exhilarating price climbs and engaging projects were what ensured the domination of DOGE and SHIB. However, with their market caps plateauing, there is a growing belief in the market that DOGE and SHIB have reached saturation, and the market is looking for the next 100x project.
The search for the next big thing in meme coins has taken investors to the presale market, to DogeMiyagi (MIYAGI). DogeMiyagi, a meme coin in presale, first caught the attention of the market with its community-centred development model.
Dogecoin Shows Signs of Age
Dogecoin, created in 2013, was initially intended as a joke but quickly gained popularity. Based on the Litecoin codebase, Dogecoin features the iconic Shiba Inu dog as its mascot. However, despite its early success, Dogecoin’s price has experienced a decline, currently trading at around $0.05 with a market cap of $10.98 billion.
One reason for Dogecoin’s decline is its lack of utility compared to newer meme coins. For example, Shiba Inu has developed an ecosystem of decentralised applications (apps) and gained acceptance as a payment method. Meanwhile, Dogecoin has not kept up with the evolving demands of investors, as many seek tokens with more serious use cases.
Plateauing Market Cap Threatens Shiba Inu
Shiba Inu, launched in 2020, is built on the Ethereum blockchain and came with the claim of being an upgrade on Dogecoin. With its meme-inspired branding featuring the Shiba Inu dog, it quickly gained attention in the market. Shiba Inu boasts its own decentralised exchange, ShibaSwap, and is accepted as payment by a growing number of businesses.
Despite these achievements, Shiba Inu has faced challenges in maintaining its popularity. Competitors like Floki Inu and Dogelon Mars have entered the market with stronger ecosystems and garnered support from influential figures such as Elon Musk and Lil Yachty. As a result, Shiba Inu’s market cap has stagnated at around $5.9 billion, raising doubts about its future growth.
DogeMiyagi – The Next 100x Meme Coin
DogeMiyagi, currently in presale, has caught the attention of the market with its potential to be the next 100x meme coin. Built on the Ethereum blockchain, DogeMiyagi differentiates itself with a community-centred approach and plans to transition into a full DAO network after launch. Its native token, MIYAGI, will power NFTs and serve as a reward in the network’s daily incentive schemes.
DogeMiyagi employs a burn mechanism to maintain or expand its value. Through five stages of burning, the token’s total supply will reduce from 96,192,515,112,011 to 9,518,812,011. Additionally, DogeMiyagi offers a lucrative referral program, allowing holders to earn a generous 10% commission on referrals’ investments.
Dogecoin and Shiba Inu, once prominent meme coins, have struggled to sustain their initial success. While Dogecoin lacks utility and serious use cases, Shiba Inu has faced challenges from newer competitors. This presents an opportunity for DogeMiyagi, a promising newcomer in the meme coin space, to capture the attention of investors.
DogeMiyagi distinguishes itself with a community-centred approach, plans for a full DAO network, and the use of $MIYAGI tokens to power NFTs and incentivise users. With a burn mechanism and a reduction in token supply, DogeMiyagi aims to maintain or increase its value over time. Furthermore, its lucrative referral program offers an additional incentive for holders to promote the coin.
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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