The Growth of Meme Coins: Who’s Laughing Now?

The Growth of Meme Coins: Who’s Laughing Now?

So far, 2023 is shaping up to be the beginning of a colossal bull run, with Bitcoin (BTC) breaking the £30k barrier and Ethereum rocketing above the $2k mark following their Shanghai upgrade. Investors are increasingly turning to the possibility that meme coins offer some of the best investment opportunities while speculating that they could be the key to securing mind-blowing profits this year. Three promising meme coins that are projected to grow exponentially are Shiba Inu (SHIB), Dogetti (DETI), and Dogecoin (DOGE), and anticipation builds as the community waits to see what meme coins will offer to investors.

Dogecoin: Pressure Rising

Dogecoin (DOGE) has been a trailblazer in the crypto community, being the first meme coin to be established and the inspiration for all that have followed. It has seen triumphant highs and crippling lows, and there is life in this old dog yet. DOGE's most prominent and vocal supporter, Elon Musk, is inextricably linked to the currency, and as he gains influence in popular culture, one can expect that DOGE will also continue to grow over the coming months. Musk's recent shenanigans in changing the Twitter logo to the Shiba Inu meme that inspired DOGE caused the price of the coin to soar by 35% in less than a minute, and after reverting to the original logo, the currency experienced a slump. This demonstrates the level of influence that Musk has over fluctuations of the coin, and it is safe to assume that he is not finished talking about DOGE, so investors can expect more price rises as we await his next move.

Shiba Inu: Ready to Skyrocket

Shiba Inu (SHIB) is the self-proclaimed rival to Dogecoin (DOGE), and it is gaining legitimacy amongst crypto enthusiasts every day. SHIB has recently been moved from Binance's Innovation Zone, which suggests that it has established itself as a more secure currency with the potential for long-term growth according to experts. It has also been reported that SHIB has become one of the most popular crypto assets in Turkey over the past three months. This enthusiasm and interest in the coin looks to only increase across the world as the year progresses, naturally improving the value and trajectory of the currency.

Dogetti:  Exploding into the Market

The increasing prevalence of meme coins by Dogecoin (DOGE) and Shiba Inu (SHIB), along with many more successful cases, has increased the legitimacy of meme coins as an option for investors, as the establishment of these alternative cryptocurrencies have proven themselves to have as much potential as traditional currencies. This has paved the way for new meme coins to break into the mainstream market with ease, and one such coin looking to make an enormous splash is Dogetti (DETI). DETI is a new meme coin that is currently in its presale stage, due to end on the 20th of June, offering promising returns on investment for those who have engaged early before it is launched. The endearing mobster dog Don Eloni Dogetti is a pooch with a passion for building a united community, the Dogetti Family, that endeavours to make the world a better place for animals and humans alike. The marketability of this concept is paired with thoughtfully considered business practices, such as redistributing 2% of every transaction amongst all DETI token holders and 2% going to dedicated liquidity and burn wallets to ensure the long-term stability of the project. The potential success of this currency on launch is apparent, and the possibility for profit is uncapped.

Meme coins are beginning to become one of the areas of cryptocurrency that hold the most potential for growth, due to incredible marketability, public appeal, and historic successes. As investors begin to take meme coins seriously, newer currencies like Dogetti (DETI) have analysed the market and the progression of its predecessors, Dogecoin (DOGE) and Shiba Inu (SHIB), they will be able to make informed decisions on their plans for the coin, which gives them a notable advantage to those who entered this previously unclear market.

Dogetti (DETI)

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