Meme coin is a term first coined in 2013 when the first meme coin Dogecoin (DOGE) launched and inspired a generation of tokens including Shiba Inu (SHIB) and more recently Dogeliens (DOGET).
Meme coins are named for their associations with various internet jokes or “memes”, with the most popular meme adopted by these cryptocurrencies being Doge. This joke contains depictions of a Shiba Inu dog. The Shiba Inu dog and the Doge meme have since been adopted by many meme coins, including all three tokens featured here that feature the dog in their names and symbols.
Here’s a look at three cryptocurrencies, each representing a different stage in meme coin evolution.
The first meme coin Dogecoin (DOGE) was a pioneer
Dogecoin (DOGE) was the first meme coin launched in December 2013 by Billy Markus and Jackson Palmer who created the token as a joke. Now, a little over two and a half years later, Dogecoin (DOGE) is the 10th largest cryptocurrency (and largest meme coin).
Dogecoin (DOGE) took the crypto world by storm because it offered something different to the market when it was launched. Keep in mind that this was before the release of Ethereum (ETH), which revolutionized blockchain and cryptocurrency when it launched its smart contract platform in July 2015. Dogecoin (DOGE) captured the community’s imagination as it was refreshing and new, a joke that poked fun in a market then teeming with Bitcoin (BTC) clones and mimics.
While Dogecoin (DOGE) has roughly the same utility as Bitcoin (BTC) in that it acts as a store of value for sending and receiving peer-to-peer transactions, it offers much faster speeds and lower transaction fees in comparison.
Added Shiba Inu (SHIB) utility to Meme Coins
Shiba Inu (SHIB) is the second largest meme coin, right behind Dogecoin (DOGE), and has the 14th largest market cap of any cryptocurrency. It was launched in August 2020 and created by an anonymous person or group named “Ryoshi”. Its inspiration is clear, with much of its branding and imagery consistent with that of Dogecoin (DOGE).
Shiba Inu (SHIB) was created as another Dogecoin (DOGE) meme coin as it was originally little more than a store of value for sending and receiving transactions, and has evolved and now boasts a large ecosystem. This ecosystem includes ShibaSwap, a decentralized exchange built on Ethereum for trading Shiba Inu (SHIB) with other tokens, staking, yield farming, and more.
Dogeliens (DOGET) combines meme coins, NFTs and P2E
Dogeliens (DOGET) is a new cryptocurrency on Binance Smart Chain that advances the meme coin space by adding even more utility. The token is currently used on the Dogeliens open-source platform and a democratic voting system will be implemented to give voting rights to users who own tokens.
The Dogeliens ecosystem includes NFTs that can be minted via Dogeliens and used in the Metaverse game Dogeliens Play-to-Earn (P2E). These NFTs represent in-game characters that players can pit against each other in the Pup Litter game mode.
Dogeliens Academy is the educational program of Dogeliens (DOGET). It is an online virtual platform with thousands of hours of video content and articles to learn more about blockchain and cryptocurrencies.
Meme coins have come a long way
Meme coins have come a long way since the launch of Dogecoin (DOGE) in 2013, with tokens like Shiba Inu (SHIB) advancing the space by developing new features and utilities, redefining what it means to be a meme coin. to be coin Innovation continues to this day, with new cryptocurrencies such as Dogeliens (DOGET) taking the reins of meme coin innovation.
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Website: http://dogeliens.io/
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