Memes have evolved into an important part of the internet. Since the second generation of the internet, social media platforms like Facebook, Instagram, Snapchat, and Twitter have allowed a participatory culture to take place, which enables memes to swiftly spread among peers.
This sarcastic and hilarious culture has now made its way into the realm of cryptocurrency, resulting in the birth of meme coins, cryptocurrencies based on internet memes and branded in a satirical fashion. Dogecoin (DOGE) was the first meme currency to hit the market in 2013. Shiba Inu, Floki Inu, and Baby Doge are among the meme coins that have developed since their introduction into cryptocurrency. Dogeliens (DOGET), a cryptocurrency largely inspired by DOGE, is an emerging meme coin that aims to compete with the top meme tokens. But does Dogeliens have the ability to dethrone Dogecoin as the number one meme coin?
Educate Yourself With Dogeliens
Dogeliens (DOGET) is a meme coin that promises to give users a hilarious cryptocurrency that makes the meme coin entertaining while still delivering utility, making it a token you will believe in for the rest of your life. Dogeliens is built on the Binance Smart Chain, which allows for faster transaction processing and simple scalability.
Dogeliens accomplished this by establishing the ‘University of Barkington,’ which offers a wide selection of resources to its users. The blockchain network intends to produce 10,000 unique NFTs, which might compete with the BAYC and CryptoPunks collections. Although the Dogeliens NFT may increase the value of your portfolio in the future, it also offers holders certain incentives and benefits inside the ecosystem.
Due to their decentralised nature, they may operate independently of the government and other centralised institutions. DOGET holders have access to a participatory metaverse region known as ‘The Spaceship,’ where they can obtain active to exclusive privileges on project selections. DOGET is now in the first round of its presale and has raised $80,000 thus far.
How Dogecoin Became The Number One Meme Coin In Crypto
What started as a joke cryptocurrency based on a Shiba Inu dog, rose to prominence in the crypto trading sector due to its rapidly surging price. This cryptocurrency is Dogecoin (DOGE), which is recognised as the first meme coin in the cryptocurrency industry. The blockchain network is based on the 2013 ‘doge’ meme, which features a Shiba Inu dog amusingly staring while surrounded by comedic phrases.
Dogecoin is mainly utilised on Reddit and Twitter as a tipping mechanism to reward the creation or sharing of high-quality content. You may receive free Dogecoin by joining a Dogecoin group or using a Dogecoin faucet. Its success can also be credited to Elon Musk’s backing, who expressed his enthusiasm for the currency. According to CoinMarketCap, Dogecoin has currently ranked as the nine most valuable cryptocurrencies. DOGE’s success illustrates that meme coins are no longer a joke.
Initially, meme coins were perceived as cryptocurrencies designed to make people laugh, but have been scrutinised by crypto critics for having no value or utility. Despite these criticisms and the most recent crypto crash, Dogecoin’s popularity remains eminent due to its strongly built community. As Dogeliens is still a relatively new cryptocurrency, it has plenty of potentials to dethrone DOGE as the meme coin godfather through its innovative NFT marketplace and an educational sector that teaches beginners more about the components of crypto.
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*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.