Dogecoin’s (DOGE) success may be due to its ability to spot trends and its efforts to make cryptographic transactions easier. They were able to make an idea work. People found more ways to use the token as the community grew. This caused a big jump in growth in 2021, directly caused by Elon Musk’s efforts to promote the token. If so, you should look at Bitcoin investment.
Dogecoin (DOGE), on the other hand, showed that meme currencies could work even if only a few people used them. This is because the token was made in 2013 when cryptocurrencies were just starting.
But even in 2013, the token’s main purpose was to make money from a joke about bitcoin, so it wasn’t clear what it was for. Its success helped them figure out what it was for over time, but it also made the utility of tokens less important for meme tokens that did well after it.
Shiba Inu (SHIB), which started in 2020 as a direct competitor to Dogecoin, is an example of how this has changed meme currencies over time (DOGE).
The Shiba Inu Killed The Dogecoin (SHIB)
Since meme coins were the first and are still the most popular meme currency, it shouldn’t be surprising that many people have figured out how valuable they can be. Because of this, there are already a lot of dog-themed meme coins.
Like a typical internet meme, these tokens changed the ideas on which Dogecoin (DOGE) was based, but most of the main ideas stayed the same. Because it was so different from a popular token, the project was hugely successful. The team was able to do this because they had a good understanding of what the community needed.
On the other hand, Shiba Inu (SHIB) and Dogecoin (DOGE) were not very useful initially because you could only buy and sell with them. The community backs and accepts these currencies, and people usually find out how useful they are after they become popular.
Some people think that the market for meme money is not a good place to invest because it has no immediate value, and there is a small chance it will work. To solve this problem, Big Eyes Token (BIG) is working on a project called “unshakeable kitty money.” You want to invest in Bitcoin, but you can’t find a secure cryptocurrency trading platform.
The cryptocurrency project aims to protect an essential part of the world’s ecosystem by giving 5% of its total income to charity. The money in this wallet will be given to groups that work to protect ocean life. People who made this token knew cats like to eat fish, so they devised a clever way to link the two.
The cat mascot made the Big Eyes blockchain network, the blockchain network says. This funny way looks good and fits with the idea of anonymity based on cryptography, which has been around for a long time.
A common theme in these meme coins is the use of mascots, especially dogs. Big Eyes, on the other hand, takes a different approach, which is shown by the fact that their mascot is a cat with very big eyes. The mascot on the meme coin looks like something from manga or anime, showing that it comes from Japanese culture.
BIG chose this style of art for their mascot so they could reach one of the biggest entertainment markets in the world. According to Grand View Research, the global anime industry will be worth $59.39 billion by 2030.
This could give it a leg up on the cryptocurrency market. BIG is also known for not taxing its fees, having a flexible tax system, and having the community run the organization. Big Eyes also has its unique NFT collection and the people who made it want it to be in the top 10.