In this article, we will examine the development of meme coins, starting with Dogecoin (DOGE), followed by Shiba Inu (SHIB), and ending with Big Eyes Coin (BIG), which is currently facing severe competition (BIG). For additional information, continue reading.
What Is A Meme Coin?
Before proceeding, it is critical to understand what a meme is and how the crypto business has incorporated them into its market segment.
Richard Dawkins coined the term “meme.”
Richard Dawkins’ groundbreaking 1976 essay, ‘A Selfish Gene,’ inspired the word meme. Dawkins characterizes memes in this book as a cultural gene transmitted down through time with incremental mutations along the way. In this work, he cites examples like fashion, gastronomy, and architecture; however, in the era of the Internet, the concept of a meme has become rather distorted.
A meme in the digital era is a piece of material that has traveled the internet environment, being altered and shared as it goes. These modifications are subsequently adjusted and shared, resulting in an online trend with a plethora of options based on a single media item.
Doge and the Origins of Meme Coins
Doge, which featured a Shiba Inu dog alongside comic sans font text, was one of 2013’s most popular memes. Because the picture was simple to duplicate and edit, it became immensely popular in the online cultural zeitgeist of the time.
In 2013, cryptocurrency was still in its infancy, with Bitcoin (BTC) being four years old and still valued at less than $1000 for the bulk of the year. That didn’t stop coders Billy Markus and Jackson Palmer from getting in on the fun by fusing blockchain technology with the year’s most popular meme.
As a result, the first meme coin, Dogecoin (DOGE), was formed.
Why Was Dogecoin (DOGE) So Popular?
To begin, it is vital to understand that Dogecoin’s (DOGE) triumph was not instant. Instead, its popularity grew over time until erupting in 2021.
Dogecoin’s (DOGE) success can be attributed to two main things: its trend-spotting and crypto-simplification efforts. They were able to take a concept and run with it, discovering uses for the token as the community evolved. As a result of Elon Musk’s constant promotion of the token, this finally led to an explosion of growth in 2021.
However, Dogecoin (DOGE) also established the fact that meme currencies did not require widespread use to be successful. It is fair that the token lacks some of the usefulness seen in modern crypto projects because it was developed in 2013 when the field of cryptocurrencies was still in its infancy.
But even back in 2013, the token’s focus on capitalizing on a joke to demystify cryptocurrency left it lacking a clear purpose. Its success helped it find its purpose over time, but in doing so, it reduced the importance of token usefulness for meme tokens that followed in their footsteps.
Consider Shiba Inu (SHIB), which began in direct rivalry with Dogecoin (DOGE) in 2020, to show how this has influenced meme currencies over time.
Shiba Inu (SHIB): The Dogecoin Killer
It is not surprising that many have recognized the potential worth of meme coins given that they are the first and most popular meme coins on the market. As a result, a ton of dog-themed meme coins have appeared on the market.
These tokens distorted the ideas offered by Dogecoin (DOGE), much like a typical internet meme, but retaining most of the core ideas. Shiba Inu (SHIB) is only one example of a cryptocurrency whose surprise and unheard-of entry into the market.
Shiba Inu (SHIB), like Dogecoin (DOGE), was based on meme culture and the enthusiasm of the cryptocurrency community. The project was able to reach incredible heights by clearly understanding the needs of the community and taking a direct opposing stance to such a well-known token.
However, Shiba Inu (SHIB) and Dogecoin (DOGE) both shared a lack of usefulness, with the token’s first use cases being restricted to trading and buying. These coins take off owing to community support and popularity; the utility is frequently discovered afterward.
Because of its lack of immediate value and limited likelihood of success, some individuals have written off the meme currency market as a bad investment. Big Eyes Token (BIG) attempts to combat this with their steadfast kitty money project.
Big Eyes of the Feline Coin: Can It Replace Dogecoin?
Big Eyes (BIG), a community-driven currency, aims to bring money into the decentralized financial ecosystem. The blockchain network recognizes that community coins are important wealth producers and intends to create more by providing a self-replicating environment for hypergrowth through the use of NFTs to make involvement profitable.
The cryptocurrency initiative also intends to safeguard an important element of the world’s ecology by contributing 5% of its total revenues to a charity wallet, which will be distributed to ocean-based organizations to aid in the conservation of sea life. Its creators have already discovered a novel method to link their feline-themed token, as cats are known to like eating fish.
The blockchain network credits the cat mascot as the Big Eyes network’s creator and developer. This humorous method artistically entices individuals while remaining true to the traditional anonymity notion centered on crypto.
Mascots, particularly dogs, are a recurring subject among these meme coins. Big Eyes, on the other hand, takes a different approach by having a large-eyed cat as its mascot. By having its mascot made in a manga/anime style, the meme coin is influenced by Japanese culture. Using this style of art for their mascot allows BIG to target one of the world’s largest entertainment sectors, with Grand View Research estimating the worldwide anime industry to reach $59.39 billion by 2030.
By doing so, the crypto network separates itself from other meme currencies, perhaps providing it an advantage in the crypto market. BIG’s other distinguishing characteristics include community governance, tax-free fees, and a dynamic tax structure. Big Eyes also includes a one-of-a-kind NFT collection, with lofty goals of reaching the top ten.
All of these distinguishing characteristics offer Big Eyes the ability to dethrone meme coin pioneer Dogecoin while reaching Shiba Inu heights. This is partly because the meme coin distinguishes itself with a feline figurehead and contributes to ocean-based conservation efforts, both of which are expected to entice many consumers.
Website : https://bigeyes.space/
Presale : https://buy.bigeyes.space/
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