Is Dogeliens On Track To Follow The Success Of Dogecoin and Shiba Inu?
The meme coin sector of the crypto market is one of the biggest sectors. With Dogecoin (DOGE) being the biggest meme coin and ranking 10th by market capitalisation, meme coins are proven to be popular within the crypto community. Users enjoy meme coins as they rely on their community and always put their users first. Whilst some have no utility, the meme coin sector has come a long way over the last decade.
Both Dogecoin and Shiba Inu (SHIB) are popular meme coins and even have the likes of the richest man in the world, Elon Musk. Now, there’s a new meme coin on the scene, Dogeliens (DOGET), but does it have the potential to follow the success of DOGE and SHIB?
Dogecoin Paved The Way
Dogecoin was the first meme coin to exist and during its years of success, it has paved the way for other meme coins to join the crypto world. At the time of its release, there was no such thing as a meme coin, and DOGE was actually created as a joke. However, due to this, the idea of meme coins came to be and started a new trend in the market.
Meme coins are referred to as meme coins as they rely on online communities and social media buzz to become successful. Memes are a big part of social media as online communities can laugh and make jokes together. Merging this with crypto, users can enjoy this social media frenzy and earn money at the same time. Most meme coins do not have any utility, but users still enjoy meme coins because they feel a part of a group of users who share similar interests.
Despite Dogecoin not having the intention for success, it soon became successful thanks to Elon Musk tweeting about owning DOGE tokens. Since then, Dogecoin has been a strong market leader in the crypto world.
Shiba Inu Rose To Success
Shiba Inu was launched in 2020, 7 years after Dogecoin. However, it found success quickly and is currently the second-largest meme coin in the market. At the time of writing, SHIB is ranked 15th by market capitalisation.
Inspired by Dogecoin, Shiba Inu aimed to become successful in the market and some users predict that Shiba Inu could potentially overtake Dogecoin. Even during the market crash earlier this year, Shiba Inu managed to withhold its position in the market, proving itself as a strong cryptocurrency.
Can Dogeliens Do The Same?
Dogeliens is a new project to join the meme coin sector and is currently in presale. Whilst it differs from Dogecoin and Shiba Inu by also focusing on the Metaverse and DeFi sectors of the market, it seems to have the potential for similar levels of success.
Dogeliens aims to create a decentralised platform for its users, allowing individuals to stake and earn DOGET tokens with an open-source peer-to-peer cryptocurrency that will allow users to buy and sell securely and anonymously with lowered fees and without the need for any third parties.
As Dogeliens is a meme coin, it will have the support of its community which alone can help it reach big success. However, Dogeliens goes one step further and aims to bring more to its users by integrating DeFi and the Metaverse to show that it is more than a basic meme coin.
With a fun and unique take on meme coins, Dogeliens seems to have the potential for big success as seen by Dogecoin and Shiba Inu.
Learn more about Dogeliens (DOGET) here:
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