The crypto verse is back to welcoming meme coins, as these are back to making the buzz. Whilst mainstream coins and altcoins remain under shadows and gloom of the market trends.
Traders and investors are now hawkish on these high-yielding asset classes. Which hold the potential to retrieve double gains lost in the market cycle.
Talking about meme coins, the names Shiba Inu, Doge coin, and now Baby Doge coin have been making noise off-late. Successively, Shiba Inu makers have dropped the curtains over the platform’s very own metaverse.
While the Doge coin community has been backlashing McDonalds. In the interim, several meme coins have been hounding the bearish trends, which have eaten up the gains in recent times.
Are Meme Coins Ready To Take On The Bears?
Shiba Inu (SHIB):
The latest update post DOGGY DAO, coming from the makers, has taken Shiba Inu to rounds on public platforms. Successively, Shiba Inu makers have confirmed that they will be revealing the final name of its Metaverse, in the next few days. Shiba Inu’s metaverse is currently code-named SHIBerse.
The anticipation and curiosity has been hitting the ceiling. As a meme coin platform ventures into a whole new segment, which is fairly untapped.
The brewing partnership between the Shib team and Netflix has ears and eyes of savvies on the duo. On the other hand, the top executives of Robinhood are surrounded by questions revolving around SHIB.
In contrast, while the YTD returns of mainstream cryptos have been stuck in a rut, that of SHIB is up 15100731.0%. While the asset at press time is trading at a premium of 3.2% at $0.00002183.
The top-tier meme coin DogeCoin has surfaced back to limelight, as the Doge coin community has been backlashing McDonalds. The fast food giant has been facing the heat, for its response to Elon Musk who had asked McDonalds to accept DOGE.
The response went on saying that it will accept DOGE if Tesla accepts Grimace coin. Which was a fictional character from McD’s commercials from the early 70’s.
The price of DOGE at press time is trading at a premium of 10.2% at $0.149454. The meme coin’s year-to-date returns are up by 1654.8%, despite its moving sideways for a brief period of the year.
Baby DogeCoin (BABY DOGE):
Baby Doge has been scripting its name alongside top-players of the segment off-late. In one of the recent achievements, the total number of token holders have surged beyond 1.3 Million.
The meme coin’s price is up 2.6% presently, the digital asset had claimed its ATH about 10-days ago in the midst of the market cycle. Which it now falls short by 34.2%.
The aspiring meme coin is up 4306.7% from it’s All-time-low which was about 8-months ago. Baby Doge has been following the foot-steps of industry leaders, and has been making frequent rounds on public platforms. Which instates faith and curiosity amongst the masses.
Summing up, the aforementioned meme coins have been raging ahead at a brisk pace. Provided the needed impetus, the digital assets might embark on an odyssey to the moon. That would persuade other meme coins to follow the league. Savvies from the industry are now expecting an October like event, where Shib’s rally was followed by numerous digital assets.