Dogecoin was created in 2013 as a parody of Bitcoin – the coin came developed for fun only and no actual use case. Surprisingly, however, it was able to rise to become one of the most famous cryptocurrencies. The Dogecoin has been on coinmarketcap.com for a long time among the 20 most popular coins and this is certainly not going to change anytime soon.
The history of the Dogecoin has been shaped by regular breakouts to the upside, followed by falls and periods of long flat lateral movement. to record times The Dogecoin could be worth it $0.73 achieve.
So is it within the $1 mark? And what about other meme bases? In this article, we look at 5 dog breeds and their potential for new antlers.
The Dogecoin already exists Developed in 2013 as the first Bitcoin meme and parody coinright known however, it arrived in 2021 through CEO of Tesla, Elon Musk: He hyped this Dogecoin through his tweets and drove the price of the coin through this over and over again exponentially up. The Dogecoin is now one of the 20 most popular cryptocurrencies.
In its peak times, the Dogecoin was able to reach the value of 0.73 US dollars. So is it within the $1 mark? Looking at that the price of the coin currently this is the case updated and is currently at $0.06897. Although it is in the range of cents, it is far from a dollar.
In order to achieve a long-term increase in value and broke the $1 mark the base would have to gain a strong celebrity base or expand the use case. To achieve this, the team is already trying the Dogecoin be established as a regular payment method alongside Bitcoin. So far it is mainly used on Twitter and Reddit: You can use it there for “tips”, ie to guide other users from their content.
It remains to be seen how well this works out given the difficult situation in the crypto market and the lack of use cases for the coin.
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Shiba Inu (SHIB)
Shiba Inu (SHIB) – right after Dogecoin – the second largest meme base. He even has the same breed of dog as Dogecoin, the Japanese Shiba Inu, as a joke. His goal: to be a Dogecoin killer. Ambitious enough? Absolutely!
But the coin also started here no use case and had to be established later last year: Das Shiba Inu ecosystem consisting of, among other things Shibaswapits own decentralized exchange (DEX) and to the Shiba Inu Hatchery, a funding system for art projects, often in the field of NFTs. The team around Shiba Inu wants to make sure that the coin gives users added value and ensures long-term value growth.
However, the The price of a Shiba Inu today is just $0.00001207 – well under 1 cent. A jump from the current price to $0.01 is already an 82,750% increase. This seems possible in the long term – the forecasting tools from Walletinvestor.com and Priceprediction.net agree on this – however, the 1 dollar mark is still a long way off.
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Dogelon Mars (ELON)
It is another popular meme coin Dogelon Mars (ELON). This was developed in April 2021 and which is inspired by Elon Musk and Dogecoin, the first and most famous meme base. In his name, Dogelon Mars refers to both.
Technically, Dogelon Mars is a An ERC-20 token based on Ethereum and Polygon. Like many other meme bases, Dogelon Mars has its own, very active community: The base has 300,000 Twitter followers and more than 84,000 followers on Telegram.
Also here is any use case – instead, however Memes and merchandisecreated by the community. This also includes a comic that tells the story of the eponymous dog character. This begins in the year 2420, in a colony on Mars. Since the ominous Annihilators want to destroy this colony, his family sends Dogelon back in time. The comic accompanies him on his various adventures.
This coin is also well below 1 cent at its current price: Dogelon Mars is trading at $0.000003351. A move up to $0.01 from the current price means one percentage Multiply by millions. Additionally, as previously mentioned, there is no concrete use case for Dogelon Mars.
Certainly, as with all meme coins, the price can experience repeated up and down spikes. However, for the coin to ever reach the $1 mark, seems unlikely given the current price.
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Baby Doge Medal
BabyDoge is a meme base made from the The Doge community has evolved. It was released in June 2021 and compared to the Dogecoin it would like a improved transaction speed score and through a kindness lie:
If the base was initially a meme base without a use case, the developers gradually began to do so Raising awareness of animal adoption. To that end, those responsible make regular donations to charitable causes related to animal welfare. Almost a million US dollars have already been raised in this way.
Like many meme bases, Babydoge has a large number of bases. The base is a deflation baseby burning tires tire stock is regularly reduced. Although this contributes to scarcity in the future – but it is One babydoge price at $0.00000001368. There is still upside here, but before the coin can even dream of hitting the $1 mark, it must first break into the cent space.
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Tamadoge is a new meme base available in pre-sale from the end of July yes. A specific use case for this was developed from the start. Because Tamadoge wants that Combine the concept of a coin meme with a P2E gaming aspect.
The users can shape their own pets – of course in dog form – and raise them, take care of them, breed them and let them compete against each other. through the competitions can players on a Climb up the rankings and so himself Reward Payments to qualify. There is a separate dog pool for these, filled by purchases in the Tamadoge store: 5% of all income goes into the dog pool, creating a closed ecosystem.
The pre-sale of the token is ongoing until the 2nd of September – During this period, interested investors can buy the coin especially cheap. In addition to ETH and USDT, this is also possible with Fiat currencies, so that the purchase is as uncomplicated as possible for users.
Also great: This coin was able Raised $250,000 in seed capital in just 10 days. Therefore it is a coin with hype potential. Investors looking to grow their seed capital quickly may want to take a closer look here.
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Last updated on August 5, 2022
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