Unveiling the Hype on Meme Coins – A Detailed Study on Shiba Inu, Big Eyes, and Floki Meme Coins

Unveiling the Hype on Meme Coins – A Detailed Study on Shiba Inu, Big Eyes, and Floki Meme Coins

Finding the most suitable cryptocurrency to put your money in may be one of the hardest choices because there are currently more than 12,000 virtual coins, with new currencies being added to the list every day. In addition to increasing competition, this also causes chaos among enthusiasts. Meme coins are the most suitable option in this situation because they were popular in the past and are predicted to soar in the future. Celebrities like Elon Musk and Mark Cuban promoted the first meme coin, Dogecoin, which was founded in 2013, and by 2021 it was one of the biggest coins in the market.

What are Meme Coins?

Meme coins, in contrast to Bitcoin or Ethereum, are created as a tip of the hat to a meme, a fascinating or witty concept captured in an image. Like the memes they are based on, meme coins are typically created to go viral. Dogecoin is a reference to the "doge" meme, which consists of a picture of a cute Shiba Inu dog and some associated broken English text intended to convey the dog's inner thoughts.

Are They Truly Valuable to The Community, or Is It Just The Hype?

Meme coins are primarily community-driven tokens. Although they may be introduced to the market as a joke, their growing utility makes them captivating and extends beyond just their inception. So, if you're thinking about joining the meme coin community in 2023, here are some coins to watch out for.

Top Meme Currency with Increasing Utility: Shiba Inu

Shiba Inu's launch in late 2020 has raised curiosity in the parody coin culture. As the second-largest meme cryptocurrency after the well-known Dogecoin (DOGE), the SHIB coin is one of the few to successfully imitate the popularity of Dogecoin. Shiba Inu does not, however, intend to overpower the top position by relying solely on digital media publicity and hype.

The Shiba team has been developing several use cases to keep the project active and vibrant. The newly added innovations are capturing the interest of traders and investors alike. It is evolving the ecosystem's core components by including a DEX, NFT marketplace, and a DAO, as well as a gaming hub for the Shiba Inu Metaverse. It is anticipated that this multiverse will expand its offerings in the future. Shiba Inu also plans to establish a virtual property market called Shiba Lands as part of its metaverse. The layer 2 blockchain, Shibarium, scales and embraces solutions to help advance the Decentralized Finance space.

5000% Return on $BIG: Big Eyes Coin

With over $31.5 million raised during its presale, Big Eyes Coin, the newest meme coin in the crypto realm, is in the lead. In addition to making an effort to improve the ecological balance of the planet, it offers valuable utilities and features. Including its astounding presale performance over the previous two years, BIG now plans to reach $50 million by the end of its presale. This brand-new cryptocurrency with a cat as its symbol has the potential to grow into the biggest meme coin ever created. Big Eyes Coin will donate 5% of its Tokens to charity in addition to continuing to gain popularity and cuteness.

In its presale period, it provided bonus codes and other fascinating loot box rewards. Now the most talked-about topic in BIG's meme universe is the novel strategy of using a vault pin to obtain rewards worth millions. The Big Eyes Coin website allows token buyers to enter the vault pin "819". When you spend more than $100, a free mystery loot box filled with exciting prizes is yours. To give you more information, $100 will get you a Saver Tin that can contain up to $1000 worth of BIG. Users who spend $1000 are rewarded with a Cute Box, up to $10,000 worth of BIG. If it is $5000, they will receive a Kitty Vault, which will give them a chance to win BIG prizes worth up to $25,000. Additionally, users can receive a Super Saiyan box and win up to $100,000 in BIG if $10,000 is spent on token purchases. If a user spends $100,000, they can also receive a reward in the form of an Excali-Paw Chest, which offers the chance to win prizes worth up to $1 million.

Get Ready to Buy your token for Loot Box Rewards here.

An Excellent Utility Token: Floki Inu

The Shiba Inu project's purpose of unity functioned as the motivation for the creation of the token Floki, also identified as Floki Inu and named after Elon Musk's own Shiba Inu. Floki, which functions on Ethereum and the Binance Smart Chain, strives to provide its users authentic utility or even commits to charitable organizations. For example, it collaborates with gardening initiatives and plans to support the construction of schools in poorer nations.

The meme coin's creators are still dedicated to its expansion, which is crucial for its continued development. Additionally, it has Valhalla, a metaverse game with NFT support that makes use of FLOKI as its primary currency. It has its own decentralized exchange called FlokiFi. Additionally, the University of Floki is a part of its offering, which debuts itself as a platform for learning about cryptocurrencies and has a virtual learning environment. While the majority of popular meme tokens are of limited use to users, Floki is continuously developing.

More Details on Big Eyes Coin:

Related Stories

No stories found.
logo
Analytics Insight
www.analyticsinsight.net