Crypto News Flash: Are Meme Tokens Like Shiba-Inu (SHIB) and Dogeliens (DOGET) Legitimate?
More than 15,000 cryptocurrencies are clamoring for our shrinking attention on Twitter, Reddit, and the mainstream crypto news today. Dogeliens news..
Meme coins penetrate through the clamor and encourage people to laugh together. Meme coins guarantee a good time, unlike other tokens that promise usefulness and blockchain technology solutions, like Cardano’s ADA or Decentraland’s MANA.
Meme coins may be a type of sophisticated humor for well-informed individuals. And everyone wants to be informed. Meme coins begin as a joke that goes viral before becoming the joke on the system itself, propelled by Reddit crypto forums and social media excitement.
In this article, we’ll introduce you to two of the current, usable cryptocurrencies of this type: Shiba-Inu (SHIB) and Dogeliens (DOGET), and give you a crash course on some specifics in case you wish to get your hands on them. To learn more, keep reading.
Shiba Inu is a token on the Ethereum network. Shiba Inu is one of the fungible ERC-20 coins (as opposed to non-fungible tokens, or NFTs), which use the ERC-721 token standard. The Shiba Inu may use smart contracts to develop decentralized finance (Defi) products since it is powered by Ethereum, which is the token’s foundation.
Shiba Inu hasn’t exactly been the best-performing in the crypto crash today. In fact, from January 2022 to May 2022, the coin, which was first introduced in 2020, lost more than 70% of its value. Shiba has long precluded people from making “good money” as expected. However, the token retains an unmatched positive outlook.
Since its creation, the Shiba Inu has frequently been featured in the news. It was a part of the greatest cryptocurrency contribution in history, which took place in 2021 when India received donations of SHIB worth the equivalent of $1 billion at the height of the pandemic.
SHIB’s supply has already been burned by more than 40%, and as a result, the cryptocurrency is still in use today. Additionally, this isn’t a throwaway meme project. It appears to be able to hold its own against some of the more “serious” cryptocurrencies out today. Of course, the SHIB token serves as the primary currency in the Shiba Inu “environment”.
Surprisingly, SHIB is still fighting for its life. It’s actually thriving if you compare it to something like LUNA. As a result, a lot of individuals are now beginning to view SHIB as a significant investment. Why? Well, the fact that the market slump won’t persist forever and SHIB could be just the token to take advantage of the bull market’s return.
Dogeliens brings the Next-Generation Memecoin, Dogeliens, an Intergalactic specie of dog-aliens from the planet Puptopia! Dogeliens is said to be Human’s Best Friend, a Loyal Memecoin Puppy for Cosmic Adventures! To Infinity and WOOOOF!
$DOGET’S clarified their goal from the start to “Join The Dog Token Family And Become The Pup-Pet Master.” The team aspires to build a positive community that is focused on aiding others and wants to grow to reach the stars.
The most striking goal is that the Dogelien team plan on launching a democratic voting system alongside a charity wallet so that holders of $DOGET will be able to vote for the charity that will receive weekly donations as well as platform improvements.
Dogeliens’ mission is to provide people with a fun cryptocurrency that carries on the meme coin hype of Dogecoin (DOGE) and Shiba Inu (SHIB) but with added utility to become a token that people trust and believe in.
To help its users better understand and appreciate the cryptocurrency market, Dogeliens will infiltrate the Metaverse by introducing new games, charitable sharing ideas, and educational content.
The Dogelien ecosystem also offers other attractions, such as Play to Earn and NFTs: The term “play-to-earn NFT game” refers to a blockchain-based game where players can earn NFTs, character skins, or cryptocurrency as rewards. By completing levels, competing in events, or just playing the game for a while, you can acquire these.
It is possible to sell a player’s assets on a virtual market or utilize them to unlock more rewards. Participating gamers provide value for the developer and other players in the in-game economy. The Dogelien NFT, which may be used in the p2e game, can be created by each and every Dogelien holder.
In addition, Dogeliens is an open-source platform, which means that anyone can access the source code and share or modify it as needed. They are able to function independently from governmental and other centralized authorities thanks to this decentralized structure.