By Guest Writer • 30 May 2023 • 12:00
Community matters as much to meme coins as family does to Fast and Furious’ Dom Toretto. We’ve known for years how it’s been integral to bolstering Dogecoin (DOGE) and Shiba Inu (SHIB) in building their platforms, but we’re now seeing the embodiment of the crypto community in another meme coin, DogeMiyagi (MIYAGI).
DogeMiyagi, a recently launched meme coin, has initiated its presale phase with the ambitious aim of establishing itself as a prominent cryptocurrency upon its operational launch. Drawing inspiration from the iconic Karate Kid movies, this coin incorporates a pivotal element into its growth strategy, revolving around an impressive assortment of non-fungible tokens (NFTs).
These NFTs epitomise exclusivity and strive to offer users an unparalleled experience, granting them access to a continuously expanding array of advantages and functionalities within DogeMiyagi’s platform.
How will DogeMiyagi’s community factor into this?
DogeMiyagi is anticipated to garner support through its DAO (Decentralised Autonomous Organisation) mechanism, which integrates its supporters into the very fabric of its ecosystem, positioning them as integral voices shaping the platform’s development and trajectory.
Given its meme coin status, it is plausible that DogeMiyagi could incite considerable spending behaviour among investors, particularly during bullish market phases. The relatively affordable acquisition cost of DogeMiyagi may lead investors to perceive less financial risk associated with their decision-making, thus fostering an environment conducive to heightened investment activity.
Dogecoin (DOGE), the leading progenitor among meme coins, originated as a playful concept in 2013 by its founders, Billy Markus and Jackson Palmer. Their intention was to introduce a cryptocurrency that would offer a light-hearted and amusing alternative to Bitcoin, captivating a broader user base. Presently, Dogecoin boasts a staggering market capitalisation exceeding $9 billion, primarily attributable to its vibrant and devoted community.
One of Dogecoin’s distinguishing strengths lies in its remarkable swiftness in processing transactions, coupled with its low transaction fees. These attributes make it an eminently practical choice for conducting micro-transactions. Furthermore, Dogecoin’s affable image and reputation have contributed significantly to its popularity, including gaining support from prominent personalities such as Elon Musk.
Peering into the future, Dogecoin’s community remains sanguine, eagerly anticipating advancements in its technological infrastructure and the broadening of its utility across various domains.
Inspired by Dogecoin’s phenomenal success, Shiba Inu (SHIB) made its debut in 2020 and swiftly amassed a devoted following, courtesy of its endearing branding and ambitious aspirations. Diverging from Dogecoin’s purely recreational nature, Shiba Inu aspires to establish a decentralised ecosystem that encompasses a decentralised exchange, a social network, and a charitable fund.
One notable advantage of Shiba Inu is its unwavering focus on community-driven initiatives. The Shiba Inu team has demonstrated their commitment by making substantial donations to various causes while simultaneously encouraging token holders to actively engage in community events and actively participate in voting on proposals pertaining to the coin’s development.
Looking towards the horizon, Shiba Inu’s community radiates optimism, fervently aspiring to bring their vision of a decentralised ecosystem to fruition. Plans are underway for the creation of an independent blockchain, in addition to forging strategic partnerships to fuel its growth trajectory.
For more about DogeMiyagi:
WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost
AVISO IMPORTANTE: La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido
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