Memecoin

Since meme coins became a thing in 2013 with the creation of Dogecoin, they have become an essential part of the crypto community. Meme coins operate the same way as any other cryptocurrency by taking full advantage of blockchain and associated technologies. They have appeared on particular blockchains that leverage smart contracts, like Ethereum and Solana. Memecoins are largely community-driven, and this is one of the factors that have contributed to their success. In 2021, meme coins (especially Dogecoin and Shiba…

As Ethereum merge is so nearby, SHIB stands a little further ahead of DOGE. Is Shiba simply trading on Dogecoin’s recent success, or does the project have any genuine long-term viability? Being an ERC-20 token, SHIB uses a proof-of-work mechanism that gives it a similar transaction rate to Dogecoin for all intents and purposes. However, this may change when the Ethereum network shifts to a proof-of-stake mechanism, which could give SHIB a competitive advantage over DOGE. Dogecoin is known for its active community and…

Why do Memecoins have the potential to take over mainstream cryptocurrencies like Bitcoin and Ethereum? Bitcoin is the most successful crypto. The leading crypto has been what the other currencies hope to become. It, however, seems like it is headed for a decline. Privacy is one of the reasons for the success of Bitcoin. Most users like it when their details are not in the public domain. Privacy ensures the security of the dealers. It also helps in negotiations. However, it has changed with the Bitcoin era becoming more…

Following a large market decline in 2022, curiosity in meme coin Shiba Inu (SHIB) is increasing, with greater capital inflows. SHIB’s comeback has coincided with broader crypto market increases led by large-cap assets such as Bitcoin (BTC) and Ethereum (ETH). Notably, following a shaky first half of 2022, SHIB began to show signs of recovery in July, with the gains corresponding with the wider market, which has been trading in the upward trend over the last few weeks. The surge occurred when ether (ETH) went beyond…

Meme coins have been around for years. Most of them were launched as a joke, but some managed to evolve into hugely popular cryptocurrencies. The success of meme coins such as DOGE and Shiba Inu paved the way for even more meme coins, but most fail to reach the markets, primarily due to poor infrastructure and missing essential features. In the sea of cryptocurrencies, meme coins often fail to rise above the competition. However, Tamadoge, the newest meme coin blockchain project, is looking to change that forever.…

One of the factors likely to play in Shiba Inu’s favor is its recent entry into the Metaverse. Shiba Inu (SHIB) is a decentralized, community-based cryptocurrency in the Shiba Inu ecosystem. Shiba Inu operates on Ethereum (ETH) blockchain. Shiba Inu has multiple advantages like faster, cheaper, and more efficient transactions. Shiba Inu has gained popularity in the market after Elon Musk tweeted about his interest in owning a Shiba pup. Shiba Inu was launched to imitate what Dogecoin (DOGE) did in the past, and…

Shiba Inu wants to become more than just a memecoin, but that could be a challenge. Back in 2020, the ERC-20 token, Shiba Inu (SHIB), was created to copycat another eminent crypto, Dogecoin (DOGE). Despite the initial bearings of the platform, it has modified the fundamentals and is now equipped with a DEX, a metaverse platform, and is accelerating speedily towards token burning for long-term positioning. After rising to public attention during the 2021 bull market, Shiba Inu’s developers have crafted several…

If we keep burning Shiba Inu for long enough the result will be dangerous. Shiba Inu, one of the leading meme coins in the world is undergoing a massive burn in the coming days. The burn may affect its circulation and the total SHIB coins presently in circulation may take a further hit. At the moment, there are 550 trillion SHIB coins in circulation, as per the global cryptocurrency-tracking platform, CoinGecko. The prominent meme coin witnessed a steady rise for quite a while and entered the prestigious ranks in…