Meme coins like Shiba Inu have increased in popularity, and they have many features that make them stand out from the rest. Meme coins have a funny appeal and can catch the attention of even those individuals who might not be that attracted to digital coins in general. The first meme coin that was ever created was Dogecoin (DOGE), which has a long history already. Up to this moment, Dogecoin is the largest meme coin, and it is followed closely by Shiba Inu (SHIB).
Meme coins have been created to serve as an inspiration for memes and are specially designed for those who value pop culture. They have risen tremendously in popularity and have captured the hearts of many individuals out there. These individuals have united their forces to support the evolution of meme coins forever, which is why the community of several meme coins is now known worldwide. For example, the community behind the evolution of Shiba Inu is “ShibArmy,” which is always there to support everything that this digital coin is going through, and to guide the members with information on how to purchase Shiba Inu.
In this article, we have analyzed more of the features that make meme coins stand out from the crowd. Ready to learn more? Keep reading.
The Surge In Popularity Of Meme Coins
Meme coins are an interesting phenomenon. They are inspired by memes that have circulated all over the internet and have now found a place on the blockchain. Meme coins don’t really have that much technical utility, and their growth is greatly fueled by the hype that this community creates around them.
Additionally, in most cases, regular digital coins like Bitcoin and Ethereum use more challenging notions, which might be hard for the general public to grasp. However, that doesn’t occur with meme coins, which are easier to understand and also have a funny appeal that captures the hearts of people and those who appreciate a dose of nostalgia.
What Are The Features That Make Meme Coins Stand Out From The Rest?
There are many reasons why meme coins have managed to stand out from the rest and become special coins that attract people’s attention.
Here are some of them.
Community Engagement
The community has the power to take meme coins to new heights. Additionally, it can take a digital coin from obscurity and place it on the podium. Many meme coins were helped to grow thanks to the support of the community members, and Shiba Inu is one of them. In the case of ShibArmy, the members of this community stand behind the evolution of this digital coin, and they are also offering the needed information for newcomers to gather and, in this way, gain the support of Shiba Inu.
Cultural Relevance
People from all over the world like and rely on memes, which makes them special. It is amazing to see that some of these meme coins have actually reached the blockchain and have captured the attention of individuals worldwide.
Accessibility
Compared with the large coins by market cap, meme coins are usually more accessible, which makes it more likely for investors to add them to their portfolios. Plus, the level of complexity, which is lower in the case of meme coins, is another reason that makes meme coins more accessible. This makes meme coins suitable for beginners who are just getting their feet wet in the crypto ocean. By investing in meme coins, they will grasp the needed information and tactics they need to have in this space to be able to leverage everything they need and be more powerful.
Possibility To Gain Profits
Meme coins also have a great chance of helping people make profits. Even though they have even more volatility than regular currencies, they can be a better alternative for those who support high risk from these virtual coins. As their value is dependent on the hype created by the community, they really have the power to increase in popularity quickly, which makes them great ideas when individuals want to make more profits.
What Hides Behind The Launch Of A Meme Coin?
There are many steps behind the launch of a meme coin, and these special cryptocurrencies need to have the right features to stand out from the rest, especially since meme coins have increased in popularity. For example, first, a meme coin needs to be different from the rest and to be able to capture attention instantly. In this way, it will have a higher chance of being a profitable crypto project.
Then, there come the blockchain sections, where creators must pay close attention to ensure they make the right decision. Among the most common blockchain platforms that meme coin projects consider are Ethereum and Solana, which offer them the platform to put their ideas into practice. In the case of Shiba Inu, this project also considers a Layer 2 solution to improve Ethereum’s shortcomings and make the Shiba Inu support even re-growth. This solution is known under the name Shibarium.
A meme coin project also needs a great launch strategy, where the creators raise the needed funds to launch it. Some of the most common examples of launch strategies for the crypto space are airdrops and ICOs (Initial Coin Offerings).
Then, it is time to let the community do its job and push this digital coin into the mainstream. One of the most important tasks is to grow an active and passionate community that is always there to support everything that a new crypto project is going through. As the value of meme coins depends a lot on the hype created by the audience, this step is imperative for the success of the project.
The Bottom Line
There are many reasons why meme coins stand out from the rest of the digital coins. Meme coins have increased in popularity, and even though they started out as a joke, they have now become a phenomenon. Shiba Inu is a good example of a successful meme coin project that has even received the nickname of Dogecoin Killer for its innovative features.
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