What Are The Biggest Meme Coins In the Cryptocurrency Market – Dogecoin, Shiba Inu, and Big Eyes?

The meme sector of the cryptocurrency market is one of the unique sectors we have today. When meme coins were initially created, it was difficult for anyone to understand what they would be used for. Gradually, meme coins began a new movement. Today, we have a dominant meme sector in the coin market.

Over the years, many meme coins have grown considerably. Each of them has been able to leverage the innovative features introduced by their developers to create a rewarding system for users and traders. This piece will review some of the biggest meme coins in the cryptocurrency market, including their benefits to users.

Top Dog

It's impossible to speak about the growth of the mainstream meme sector without referring to Dogecoin. This meme coin has many exciting achievements, which have attracted traders to participate in the project. The first thing to note about the meme coin is that it's the first meme coin to gain worldwide acceptance. Dogecoin has been on the cryptocurrency market for close to a decade. But it wasn't until recently that it became one of the largest cryptocurrencies worldwide. Another impressive thing to note about Dogecoin is that it was the first meme coin to make it to the top ten list of cryptocurrencies.

Dogecoin is accepted in over 300 online stores and businesses, including Tesla. This meme coin has no utility but can be used for payment on compatible platforms. DOGE is the token powering Dogecoin's decentralized application. It can be bought, sold or swapped on popular crypto exchanges worldwide.

Infamous Tokens

Shiba Inu is popularly regarded as the successor to Dogecoin, and there's a good reason for this claim. To start with, Shiba Inu was created by a team of developers – Ryoshi – who broke away from Dogecoin. These developers were interested in creating a project that would surpass the capabilities of Dogecoin and drive the meme sector forward. As a result, while Shiba Inu sticks to the principles of DOGE, it has introduced several changes.

The token's total supply is the first notable difference between Dogecoin and Shiba Inu. While Dogecoin has an unlimited token supply, Shiba Inu has a total supply that's capped at one quadrillion tokens. Now, this may seem like a lot, but Shiba Inu already has plans to reduce the total supply to a reasonable quantity. This way, it would be easier for price changes to occur that would enrich community members.

When Shiba Inu was released, half of the total supply was gifted to Vitalk Buterin, who locked them in a dead wallet. Also, Shiba Inu has actively played a part in contributions to charity. Furthermore, there are plans to burn the token supply of Shiba Inu occasionally. These token burns will cause an artificial scarcity for the project and allow traders to enjoy better value for their investment.

Cat Coins

Only a few products can compete with the hype surrounding Big Eyes. Even before its release, Big Eyes has gained widespread popularity as the meme coin everyone should be a part of.  Within the next few weeks, Big Eyes would be launched in the coin market. When this happens, people will finally be able to use this meme coin to mint NFTs. By doing this, Big Eyes will become part of an exclusive list of cryptocurrencies used for NFT minting.

According to the token's whitepaper, Big Eyes is committed to transferring wealth from the crypto world to the DeFi world. They have also adopted a user-centric system that will keep users at the forefront of any development and changes on the platform.

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