Memes have revolutionized the way that society creates and consumes humor. The culture of memes is derived from the internet and has been propagated primarily through social media platforms such as Facebook, Instagram, Reddit and Twitter. But its reach does not just spread on social media. Memes have now managed to integrate themselves into cryptocurrencies, with blockchain networks constructing a whole brand that revolves around a meme. This probes the question, are meme coins worth buying? Here are two cryptocurrencies that elevate meme tokens: Big Eyes Coin (BIG) and Shiba Inu (SHIB).
The Big Plans That Big Eyes Coin (BIG) Has For Crypto
An upcoming addition to both crypto and meme culture, Big Eyes Coin (BIG) has conveyed its eagerness to provide something new to the market. The blockchain network bases itself on an anime/manga-inspired cat with adorable and big pupils – diverting from traditional meme coins such as Dogecoin, Floki Inu and Dogelon Mars which all revolve themselves around dogs. One of the primary objectives of Big Eyes Coin is to redirect wealth into the decentralized finance ecosystem while simultaneously aiming to protect an environmental factor in the world. According to an article published by Crypto Daily, there is a designated charity wallet which ensures that 5% of the token holder’s earnings will be directed to sea sanctuaries.
Additionally, NFTs are planned to be a proficient part of the currency’s ecosystem, where NFT events would be held by Big Eyes Coin every season. Furthermore, an objective of Big Eyes Coin is to get their NFT ‘Sushi Crew’ club and collection to be ranked in the top ten. Other unique features of Big Eyes Coin include a dynamic tax system, tax-free fees and a community-governance platform that gives control of the currency’s future to the token holders. The coin plans to have 90% of its approximate 200,000,000,000 available to launch. With all these prospects it looks to be a great financial opportunity.
How Shiba Inu (SHIB) Quickly Elevated Meme Coin Culture
Shiba Inu (SHIB) came into the realm of crypto during the height of the COVID-19 pandemic in August 2020 and has quickly become one of the most prominent cryptocurrencies currently on the market. It has proclaimed itself as the ‘Dogecoin Killer’ due to being its most direct competitor, with a current market capitalization ranking of the fourteenth, making it the second most eminent meme coin according to Coin Market Cap. SHIB was developed by an individual under the pseudonym ‘Ryoshi’. They have made it clear that their identity is irrelevant to the platform. The blockchain network rapidly gained traction and value as a community of investors was attracted by its mascot, a breed of dog, Shiba Inu.
One of the main contributors to the success of Shiba Inu is Vitalik Buterin, a Russian-Canadian programmer and Ethereum co-founder. Buterin was believed to be the founder of SHIB, but he had publicly denied this rumor on the Lex Fridman podcast in June 2021. Buterin utilized the currency in the largest crypto donation, which was approximately $1 billion worth of SHIB. The donation had been made to the COVID-Crypto Relief Fund based in India, to help mend the impact that COVID had on the country according to The Coin Telegraph. Do not hesitate to join the Shiba Inu community, as it is a meme coin worth buying.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.