In Crypto We Trust: Credibility in Dogecoin, Shiba Inu, and DogeMiyagi
It can be difficult to decipher which cryptocurrencies are worth investing in and which are credible options for the crypto community to maximise their profits. Dogecoin (DOGE) and Shiba Inu (SHIB) have managed to hit the nail on the head by instilling trust in their users, and DogeMiyagi (MIYAGI) is following suit by cultivating a culture of trustworthiness in its project. By increasing the legitimacy of these coins, more and more people will be willing to invest in them, thereby driving up the value of the currency.
Dogecoin: Proving the Doubters Wrong
Dogecoin (DOGE) was initially regarded with some suspicion, being as it was created to be a joke, but after a decade on the market, it has built a strong enough reputation that people no longer view it as throwing money away, but instead a serious currency with the capacity to bring real profits to its investors. Not only is it stable in its position as one of the top ten coins on the crypto market, but it also has the potential to skyrocket in price in a way that none other than meme coins can do.
On the DOGE website, it states that many people trust the currency for the reason that it requires no trust because it is fully open-source and decentralised. This means that developers have the freedom to explore DOGE and confirm how it works and that it works. This decentralisation has the added benefit of no one individual or organisation being in control of the coin, so the currency is secure and transparent.
Shiba Inu: An Open Community
Shiba Inu (SHIB) followed the Dogecoin (DOGE) trend of a dog-based meme coin and saw incredible profits in the process. Because of DOGE’s trailblazing nature in creating a space for meme coins to be considered legitimate cryptocurrencies, SHIB had managed to inhabit the crypto space in a big way, with questions about its credibility far reduced to what DOGE experienced when it was first created.
As well as this, SHIB is built on the Ethereum (ETH) network, which is famously secure and trustworthy, increasing the faith that investors put into the coin. Similarly to DOGE’s open-book policy, SHIB is also transparent and decentralised, and because of this, the currency has built a strong and supportive community that backs this coin and verifies its credibility.
DogeMiyagi: You Gotta Have Faith
DogeMiyagi (MIYAGI) is also working on building a powerful community that is committed to making this new crypto coin the strongest in the market. Meme coins have the ability to create the most tight-knit of communities in crypto, and MIYAGI is no exception, garnering a lot of attention and earning over $150,000 during its presale stage already.
Being based on the Ethereum (ETH) blockchain has helped MIYAGI garner this strong community, which will increase the project’s trustworthiness, and the success of this currency is bound to follow like Shiba Inu. Furthermore, the low cost of MIYAGI, while it is still in its discounted presale rate, means that investment is less of a risk for any dubious investors, while the fact that it is completely decentralised means that the coin will increase in credibility as any and all transactions will be completely accessible for anybody to view.
As meme coins become more significant players in the crypto market, their credibility will only increase, and as Dogecoin (DOGE), Shiba Inu (SHIB), and DogeMiyagi (MIYAGI) continue to instil trust in their users, their communities grow too. Exploring these communities and becoming a part of decentralised finance is a good way to learn about all the different benefits that these coins hold, making your entrance into the crypto scene feels less like a leap of faith and more like a step in the right direction.