Will Meme Crypto Outshine BTC and ETH in 2023?
The crypto space is rapidly evolving, where digital assets either surge or plunge in a blink of an eye. Amid the established dominance of traditional players such as Bitcoin (BTC) and Ethereum(ETH), a new category of coins is emerging, blowing the market with its craze. These coins, known as meme crypto, have gained significant traction in the crypto market, capturing the attention of investors with their unique themes and potential for substantial returns.
Pepe Coin (PEPE), Dogetti (DETI), and DogeMiyagi (MIYAGI) tokens are among the latest obsessions in the world of meme crypto projects.
In the crypto sector, the term "meme" denotes a willingness to take risks and invest in relatively unknown tokens that have not yet established themselves in the market, typically in their initial coin offering (ICO) stage. Let's delve into these meme crypto offerings and explore their ecosystems.
1. Pepe Coin: The frog-themed digital token
Inspired by the iconic Pepe the Frog meme, Pepe Coin has blown the crypto space with its craze. The Pepe Coin ecosystem is a vibrant community that combines meme culture and blockchain technology, showcasing the potential of digital assets to unite communities and foster innovation.
Pepe Coin's launch witnessed a remarkable surge, experiencing a staggering increase of nearly 7000% within just 17 days. Its market value quickly soared to $1.8 billion, surpassing even Bitcoin. Trading volumes also skyrocketed, reaching $2.6 billion in the first week of May.
Although Pepe Coin's price has shown some volatility, it remains a significant player with a market cap of almost $740 million. It currently holds the third-largest market cap among meme coins, following Dogecoin and Shiba Inu. Dogecoin boasts a market cap exceeding $10 billion, while Shiba Inu surpasses $5 billion. Pepe Coin, ranked at number 65 by market cap on CoinMarketCap, continues attracting meme enthusiasts and crypto investors.
## 2. DogeMiyagi (MIYAGI)
Amid the recent surge of Pepe and the ongoing speculation surrounding Dogecoin, a new contender called DogeMiyagi is emerging as a strong rival. Unlike Pepe and DOGE, DogeMiyagi has maintained stability during its pre-launch stage.
This presents an appealing opportunity for investors to enter at a potentially advantageous price.
The project prioritises community engagement by providing rewards and a 10% commission on purchased tokens through a unique referral code system. Its Killer Swap Machine (KSM) addresses Ethereum congestion, ensuring secure and compliant token trading. Additionally, DogeMiyagi strongly emphasises security through identity verification, risk assessment, and KYC certification, fostering community trust.
Alongside Killer Swap, the team is actively working on an NFT project. The project is currently in an intensive research and development phase to establish an elite club for NFT holders. Users can mint exclusive DogeMiyagi NFTs and gain immediate privileged access to the project's exclusive domain through the official website. This NFT venture expands DogeMiyagi's offerings, demonstrating the project's dedication to delivering distinct and captivating experiences for its community.
3. Dogetti (DETI): The mafia-themed meme crypto
Dogetti, similar to Dogecoin and Shiba Inu, utilises the influence of memes to attract an active community. However, Dogetti distinguishes itself by aiming to offer practicality to its holders. The team emphasises forming a cohesive community, "The Family", fostering unity and individuality. Incorporating elements inspired by the mafia introduces an intriguing twist to the meme coin narrative.
One notable feature that distinguishes the project is its 2% reflection protocol. Each transaction triggers a redistribution of 2% to all wallets, ensuring that everyone receives a share. This continual flow of rewards adds an extra sense of value and appreciation for Dogetti holders.
Besides this, Dogetti is truly dedicated to making a positive impact beyond its loyal community. The allocation of a 2% tax to a charity wallet demonstrates Dogetti's philanthropic nature. Dogetti exemplifies the potential for meme coins to create real-world change by supporting charitable initiatives.
## Bottom line
The rapid ascent of Pepe Coin and utility memes crypto projects such as DogeMiyagi and Dogetti demonstrate the acceptance and craze of digital meme tokens to investors in search of exciting and profitable investments.
These tokens leverage popular culture, drawing from the viral realm of memes to establish an interactive and lively community. By injecting humour and exhilaration into the cryptocurrency sphere, meme coins have transcended their role as financial instruments, evolving into a cultural phenomenon.
Author: Priya Kumari
Priya is a passionate content writer and the co-founder of Finendorse. She is an enthusiastic crypto investor and has a huge interest in the upcoming digitisation age.