Cryptocurrency is slowly but surely achieving mainstream adoption. More and more people are actively getting involved in the sector, and popularity is at an all-time high. The promise of fast, transparent, anonymous, and accessible transaction services on a global scale makes crypto so appealing. It would not be far-fetched to say that crypto could replace its fiat currency counterparts entirely in the not-so-distant future.
With each passing day comes the arrival of new cryptocurrencies on the market, and understandably so, as no one wants to miss out on the endless possibilities it provides. Meme coins, in particular, are gaining more attention for several reasons. To understand meme coins and all they entail, a closer look is needed, and what better way to do so than to take a look at Shiba Inu (SHIB), Baby Dogecoin (BabyDoge), and RoboApe (RBA), three of the top meme coins on the market.
Not too long ago, an individual known only under the pseudonym "Ryoshi", meaning "fisherman", posed a question to the crypto community. "What would happen if a cryptocurrency project was 100% run by its community?" Ryoshi wanted to conduct an experiment in decentralized community building, a project utterly isolated from rigid social structures and traditional mindsets, free to discover new ways of problem-solving, communication, and collaboration. The experiment bore fruit, a top 20 cryptocurrency by market cap governed by an ever-expanding community of like-minded individuals.
Shiba Inu (SHIB) is many things. It is the answer to Ryoshi's question, the main rival of the original meme coin Dogecoin (DOGE) and one of the crypto market's biggest and most popular meme assets. It is an ERC-20 token running on the Ethereum (ETH) blockchain and a pioneer of the recent meme coin uprising. Meme coins are cryptocurrencies based on popular internet memes and events championed by crypto influencers such as Elon Musk.
The project's native token, SHIB, is available on both centralized and decentralized exchanges (DEXs), where it can be bought, traded, or swapped for other cryptos.
When Elon Musk, the Dogefather, commonly referred to in the crypto community, tweeted about Baby Doge Coin (BabyDoge), the token's price went up by 130%. The crypto was only 22 days old at the time and received widespread attention as a result of the tweet. Merely looking at the name of this crypto would force one to conclude that it is just a knock of Dogecoin (DOGE), but is it? Let's find out below.
Baby Doge Coin (BabyDoge) is a BEP-20 token that runs on the Binance Smart Chain (BSC) network. It is a token designed to provide faster transactions and promote crypto awareness. Although coined after the popular meme asset Dogecoin (DOGE), Baby Doge Coin (BabyDoge) is quite different and shares more similarities with another meme asset, Shiba Inu (SHIB). For example, Baby Doge Coin (BabyDoge) runs atop another blockchain network, unlike Dogecoin (DOGE), which runs on its own designated chain.
Baby Doge Coin (BabyDoge)is still a relatively new asset, but its future already looks bright. Its developers say the token "has learned a few tricks and lessons from his meme father, Doge", and wants "to impress his father by showing his new, improved transaction speeds & adorableness." We are sure to see more on that in the coming years.
A meme token designed to address economic shackles and promote growth is unheard of in the crypto space, but what if a project like this actually exists?
The RoboApe (RBA) project is a first-of-its-kind project that seeks to redefine the Decentralized Finance (DeFi) ecosystem forever through a diverse set of services built specifically for its community of creators and developers. With the RoboApe (RBA) platform, developers would be able to build smart contracts and develop decentralized applications (dApps). There is so much to look forward to, and with the project's native token, RBA, currently on presale, interested individuals have the opportunity to join in on the experience. Use the link below to do so.
Join Presale: presale.roboape.io/register
Website: roboape.io
Instagram: https://www.instagram.com/roboape.token
Twitter: https://twitter.com/ROBOAPE_TOKEN
Telegram: https://t.me/ROBOAPE_OFFICIAL
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.