As the crypto market experiences times for bulls and times for bears, and coins rise to the moon and crash deep below the sea. The community behind meme coins stands united, happy to weather the storm when times are hard and bask in the sun when fortunes turn good. Dogecoin (DOGE), Shiba Inu (SHIB), and DogeMiyagi (MIYAGI) are three meme coins that are propelled by the support of their respective communities and recognise how crucial these meme coin enthusiasts are in their ability to succeed on the market.
The Dogefather: A Beacon of Hope for Dogecoin
Dogecoin (DOGE) has had strong community backing since its launch in 2013, where its purpose was to challenge and poke fun at the seriousness of other cryptocurrency ecosystems, like Bitcoin (BTC). DOGE succeeded in doing this, and in the meantime also gained a big army of supporters which began to legitimise DOGE as a potentially lucrative investment. One very high-profile and vocal supporter is Twitter CEO Elon Musk, who has been christened ‘The Dogefather’ in the DOGE community, and his inadvertent promotion of DOGE through tweeting about them directly affects the price of the coin. Musk has also teased the idea of adding a cryptocurrency element to Twitter, which due to his continued support of the coin will likely include DOGE in its plans, which suggests great future expansion of utility for the coin.
Shiba Inu: Stand By Your Dog
Shiba Inu (SHIB) followed Dogecoin (DOGE) in 2020, and branded itself the “Dogekiller". The SHIB community is fiercely protective of its coin and is willing to stand loyal to it to see it through any time of difficulty in the market. It is this sense of community that holds meme coins like SHIB together in ways that more serious coins will always struggle. SHIB is always planning new developments that build excitement within the community and is sure to see more price pumps due to this. SHIB has built its credibility due to the launch of its decentralised exchange platform, ShibaSwap, which gained a total value of $1 billion on the first day of its launch.
DogeMiyagi Community Gaining Momentum
DogeMiyagi (MIYAGI) is a newcomer to the meme coin scene and is already establishing a strong community presence even during its first phase of the presale. By creating a coin that is solely community-led and owned, MIYAGI is playing to the strengths of meme coins, and cultivating an environment of collaboration and accountability. MIYAGI is using a decentralised autonomous organisation, or DAO, to govern the coin, meaning that token holders and members of the MIYAGI community are the ones who will make the decisions pertaining to the future of the currency.
Meme coins have an unshakeable ability to endure market slumps due to the power of the communities behind them, and this means that these coins have the potential to top the market in ways that other coins with less grassroots support will never be able to. Dogecoin (DOGE), Shiba Inu (SHIB), and DogeMiyagi (MIYAGI) are three such coins that will be able to tolerate whatever the market throws at them and bring incredible profits to those who are loyal in times of difficulty.
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