Since the dawn of Dogecoin (DOGE), many have tried to take its place, including the self-proclaimed Dogecoin Killer, Shiba Inu Coin (SHIB). These Doges dominate the meme coin game, and while thousands of meme coins have come and gone, none have shaken their reign. However, DogeMiyagi ($MIYAGI) has emerged and is taking a different approach. This new crypto coin will offer utility-driven features while also offering all the entertainment of a meme coin.
Dogecoin: From Explosive Rise to Volatility
Dogecoin saw explosive and unprecedented success in the meme coin frenzy of 2021. Unfortunately, however, Dogecoin has remained volatile in the market and has experienced a significant drop this week, adding to a string of losses. The decline of its support level, falling through the key level of $0.075 has heightened fears among investors. While the trading volume has risen to $600 million, this has been mainly driven by holders selling off their DOGE coins.
One of the reasons for Dogecoin’s success was endorsements from the now Twitter CEO Elon Musk, but this has also been its downfall. While crypto news often centres around Elon Musk’s comments on Dogecoin, he has not mentioned it in a while and Dogecoin’s price activity has dwindled. However, the Dogecoin community is still hopeful that Twitter may eventually introduce crypto and DOGE payments.
Shiba Inu: Dogecoin’s Second in Command
While it started as a rival to Dogecoin to stir the meme coin community, Shiba Inu is now known for its unique tokenomics and rapidly growing community. With a supply of one quadrillion coins, Shiba Inu boasts one of the highest coin supplies in the market. Coupled with celebrity endorsements of its own, this has contributed to Shiba Inu’s increasing popularity.
Shiba Inu Coin experienced a rise in price at the start of 2023, surging from $0.000008 to $0.00000147 by early February. It has since dropped back to the $0.000008 price range. However, the community has been speculating that an announcement regarding Shiba Inu’s cold wallet could be imminent. Cold wallets securely store users’ private keys offline, guarding against potential hacking and theft. This could drive more traffic to Shiba Inu, and possibly raise its price this year.
DogeMiyagi: The New Top Crypto Meme Coin
In the dog-eat-dog world of meme coins, DogeMiyagi has entered the race. With the aim of teaching the old dogs a thing or two, DogeMiyagi could be the next big meme coin. The project has embraced the legendary martial arts master as its inspiration and will combine the entertainment of meme culture with token utility.
One of the standout features is its community. With a decentralised autonomous organisation (DAO), the community has the power to shape the project’s future through karate do “yes” and karate do “no” votes. This unique approach ensures that the community remains actively involved in key decisions.
Built on the Ethereum network, DogeMiyagi offers enhanced security, scalability and sustainability. The token will launch on the user-friendly exchange, Uniswap, which will provide users with a seamless and effortless trading experience and users will be able to trade $MIYAGI for various ERC20 tokens and Ethereum. The project also plans to expand into the web3 ecosystem with NFTs which will prove its position in the crypto world and prove that meme coins can be more than just a passing joke.
Final Thoughts
For crypto enthusiasts, meme coins bring something unique to the table. DogeMiyagi is aiming to change the reputation of meme coins, by providing a stable and practical alternative to existing meme coins. With a strong community approach and a utility-driven ecosystem, DogeMiyagi is set to rival the big Doges in the crypto world.
For more about DogeMiyagi:
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi