The meme crypto space has seen an exponential rise in the past couple of years. Dogecoin (DOGE), the pioneer and trendsetter, rose to $84B in its market capitalisation last year. Investors mainly choose meme coins for their utility aspects: NFTs, DeFi, token supply and the story.
Meme tokens are more relatable to young investors. However, even Elon Musk has shown his interest in buying Dogecoin. Last year, at its peak, Musk tweeted in support of this dog-themed meme coin. But since the crypto crash, the billionaire CEO has been silent on Dogecoin’s future.
Investors look out for coins which are innovating, and Dogeliens (DOGET) is certainly checking all the boxes when it comes to the one-stop shop meme coin.
Space X Dogs: Dogeliens Is Innovating
Entering the metaverse, Dogeliens (DOGET) has proved to be one of the rare meme coins providing extra utility to the token holders. With its native token DOGET, owners can enjoy gaming and educational content in the metaverse.
According to its Bark-Paper (play on the otherwise White Paper), the Dogeliens ecosystem consists of DeFi, NFTs and metaverse components. As an open-source platform, DOGET DeFi can be modified by the users according to their use case.
When it comes to NFTs, like BAYC (Bored Ape Yacht Club), investors will have 10,000 eye-catching, attractive, and quirky designs. Though, as its name suggests, the NFTs will be dog-like aliens in spaceships and on other planets.
Furthermore, when you have a Dogelien NFT, you will receive automatic membership to the Dogeliens community, The Spaceship. In the metaverse, the users will be able to access play-2-earn games and other educational content that revolves around cryptocurrencies.
Dogecoin And Shiba Inu: Are They Relevant in 2022?
2022 has been a rough year for cryptocurrencies. With the FTX debacle and the crash in May, some of the coins are still struggling to get back on track. Dogecoin is no exception. Even Shiba Inu (SHIB), which was launched to compete with Dogecoin, is nowhere near the market cap required to surpass the big dog-themed coin.
Even after the crash, some coins have managed to gain momentum. However, DOGE and SHIB have failed to impress the investors. One of the probable reasons could be their lack of innovation. Dogecoin was launched as a joke, and pandemic-induced interest made it a celeb-favourite. But as soon as markets opened up, Dogecoin tanked in the red graph.
Shiba Inu, on the other hand, tried to bring new elements to its roadmap by launching some NFT collections. However, with investors being spoiled for choice, SHIB was unable to get any traction.
To Sum Up
With Dogeliens providing extra utility features that Dogecoin and Shiba Inu don’t possess, it is imperative that the old dogs need to watch out and rethink their roadmap strategies for the future.
Dogeliens has created a significant buzz in a small span of time. With its presale still open, there are plenty of opportunities to buy DOGET tokens and reap the benefits of NFTs, DeFi and the metaverse.
Click on the links below to be a part of the dog-alien community!