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2022 is a revolutionary year for blockchain and things in association with it. The NFTs and DeFi have developed in this short time. However, the meme coin category has stirred the market as a whole with Shiba Inu (SHIB) and Dogecoin (DOGE) performance over the years.
A meme coin is a digital asset based on memes and jokes trending on social media. Meme coins are community-driven assets. In comparison to other cryptocurrencies, they are therefore much more volatile. Dogecoin and Shiba Inu are good examples of this as they revolve around dog memes.
They generally do not have any value or real-life application and are only famous for their unique characteristics. The prices of the coin fluctuate because of the demand and supply forces. However, Shiba Inu and Dogecoin have also shown that memecoins can provide utility.
These meme coin cryptocurrencies include Dogecoin (DOGE) and Shiba Inu (SHIB). Similar meme coin project Mehracki (MKI) is also in its initial stages and is yet to launch. Let's view all three cryptocurrencies and evaluate them.
Dogecoin (DOGE) is an open-source peer-to-peer digital currency. Dogecoin was introduced as a meme coin to spark interest within the cryptocurrency market and attract crypto enthusiasts. Dogecoin uses a proof of work mechanism to process and record transactions on the blockchain. Dogecoin is regarded as the king of meme coins and is currently ranked among the top 10 cryptocurrencies globally. Dogecoin launched just to make fun of prominent cryptocurrencies like Bitcoin (BTC), but Dogecoin eventually turned up to be one of them.
Shiba Inu (SHIB) is a decentralised, community-based cryptocurrency in the Shiba Inu ecosystem. Shiba Inu operates on Ethereum (ETH) blockchain. Shiba Inu has multiple advantages like faster, cheaper, and more efficient transactions. Shiba Inu has gained popularity in the market after Elon Musk tweeted about his interest in owning a Shiba pup. Shiba Inu was launched to imitate what Dogecoin (DOGE) did in the past, and Shiba Inu is pretty successful in doing it.
Despite being successful cryptocurrencies, both Dogecoin (DOGE) and Shiba Inu (SHIB) always get criticised for their lack of usability. Unfortunately, it is a fact that most of the meme coins are just becoming popular because of the strong online community, Shiba Inu and Dogecoin didn't have much usability. However, this trend is going to shift with the introduction of meme coins that also possess usability features, Mehracki (MKI) is one of such cryptocurrencies. Dogecoin and Shiba Inu have also adapted to provide use cases.
Mehracki (MKI) is a native meme coin of the Mehracki ecosystem. The project aims to transform the cryptocurrency world. It plans to move forward by ensuring the sustainable growth of meme coins. The primary goal is to highlight different perspectives on cryptocurrency.
Solana (SOL) is the primary blockchain used in developing the project. This feature will benefit the users and holders of MKI by:
Unlike other meme tokens, MKI has real-life application options. With MKI, users will not have to exchange the coins for other currency to pay for goods. The project has partnerships around the globe to empower users
The majority time, no incentives are provided to the meme coin holders and investors. However, it is different from MKI. The token has several incentives and rewards for adoption.
Solana (SOL) is a high-performing blockchain that allows permissionless, inexpensive, and scalable transactions. Smart contracts work to minimise the need for any third-party intervention. They are self-executed digital contracts programmed with the requirements. Once the requirements are met, the smart contracts will be executed. In the end, each party receives its share of incentives and rewards.
Mehracki Ecosystem created an MKI token for users to provide them with a platform. Here they can experiment and learn about meme coins and other digital assets. It is a community-based token. This means the holders will actively participate in controlling the platform. Users will have the authority to share proposals for changes in the project infrastructure. They will also have voting rights.
The ecosystem of this project is user-friendly. Here users focus more on creativity than complex procedures. Following are the components of the MKI ecosystem:
1. Staking and reward earning
2. Feel good non-fungible tokens (NFTs).
3. Collaboration with tourism businesses worldwide.
4. Yield Farming
Mehracki (MKI) is a new crypto project focusing on usability despite being a meme coin. It is a user-friendly and effective platform for people to trade and mine their meme coins and NFTs. Using lessons from previous major meme coins, Shiba Inu and Dogecoin, Mehracki is set to rise to the ranks of the crypto meme marketplace.
Multiple levels of rewards are there to encourage users. Even though it's in the presale stage, it has the potential to grow up into something big. The meme coin sector is evolving in the past few years, and it is predicted that this sector will rule the crypto world in the coming years. Can Dogecoin and Shiba Inu be dethroned?
Join Presale: presale.mehracki.io/register
Website: https://mehracki.io/
Telegram: https://t.me/Mehracki_Official
