Several cryptocurrencies have been created as a result of memes, jokes, or themes that have originated on the internet. Meme tokens fluctuate in value dependent on market interest since they are reliant on press endorsements, community activity, excitement, and FOMO.
Many people are reluctant to invest in these technologies because of their unpredictable nature and lack of practical applications. The concept of meme cryptocurrencies, on the other hand, is continually developing.
DogeCoin (DOGE) is a recent example, which began as a joke but has since grown in popularity. Shiba Inu (SHIB), a meme coin that may use smart contracts to decentralise financial goods, is a comparable instance.
This article will also look into the new meme cryptocurrency Mehracki (MKI), which will introduce crypto aficionados to next-generation concepts like user-generated content such as user incentives, and non-fungible tokens (NFTs), decentralised exchanges, etc.
Dogecoin (DOGE)
Dogecoin (DOGE) was created in 2013 by software programmers Billy Markus and Jackson Palmer as a speedier yet “fun” alternative to Bitcoin (BTC). Based on a dog meme from a few years ago, the coin was developed as a parody of the several fake cryptocurrencies that are now in circulation. It has been dubbed the “People’s Currency” by popular influencer Elon Musk, the CEO of Tesla and SpaceX. In terms of transaction cost or “gas charge,” he feels Dogecoin (DOGE) is a superior cryptocurrency to Bitcoin (BTC) and Ethereum (ETH) in terms of accessibility of DeFi to everyone.
Dogecoin (DOGE) has maintained its worth over time, even after the novelty of the concept has worn off. It remains one of the most widely used meme tokens.
Shiba Inu (SHIB)
With 43 million more views than Bitcoin in 2021, Shiba Inu (SHIB) was the most popular cryptocurrency (BTC). Its market valuation hit $41 billion on October 29, 2021, making it a serious challenger to Dogecoin (DOGE) and dubbed a “Dogecoin killer” by crypto fans. Despite widespread misconception that meme currencies like SHIB are primarily driven by hype and sentiment, the ShibaSwap ecosystem offers various valuable utilities, including NFTs and a decentralised platform.
Mehracki (MKI)
The Mehracki token (MKI) is a community-driven feel-good token based on Solana (SOL) that aims to help users feel better by generating revenue for investors and supporting activities and moments that should make them happy. Mehracki (MKI) will be used in real-world transactions that are inexpensive, quick, and borderless, with a focus on the ‘feel-good’ industries like hospitality and tourism.
Users will be able to pay for goods and services with MKI tokens as soon as the platform goes live. They hope to build a Mehracki (MKI) ecosystem that includes a utility token, feel-good NFTs, a decentralised autonomous organisation (DAO), staking and yield farming, and a marketplace where tourists and hospitality providers may be featured with honest ratings over time.
Through decentralised governance and technologies, the Mehracki (MKI) community is being intentionally tapped into and utilised to upgrade the Mehracki (MKI) environment and the Mehracki (MKI) purpose through a varied and increasing talent pool.
Conclusion
Finding the next DogeCoin (DOGE) or Shiba Inu (SHIB) by relying on crypto influencers appears to be a challenging task. It’s important to realise, however, that the potency of specific meme currencies and tokens may be impacted by their communities and influencer cultures. As a result , Mehracki Token (MKI) looks to be a promising future investment.
Learn more about Mehracki (MKI) here:
Join Presale: presale.mehracki.io/register
Website: https://mehracki.io
Telegram: https://t.me/Mehracki_Official
Presale: presale.mehracki.io/register
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