With the imminent launch of the upcoming Shibarium mainnet, anticipation has reached an all-time high. Undoubtedly, price spikes and a surge in investor attention are poised to propel the meme coin industry to the skies.
Considering Shiba Inu’s remarkable advancements this year, it could entail a shift in status for Dogecoin, where a change in moniker is on the horizon. Rest assured, the emerging doge sensei, DogeMiyagi (MIYAGI), eagerly anticipates the impending boom that this will bring to the meme coin market.
Trillions of SHIB Tokens Scooped Days Before the Shibarium Mainnet
On-chain data platforms, such as Etherescan.io, WhaleStats, and IntoTheBlock, signal promising months ahead for Shiba Inu, driven by the imminent mainnet launch of Shibarium. This groundbreaking development for the meme token, Shiba Inu, will be built on the Ethereum blockchain.
The core objective of this Layer-2 scaling solution is to function as a platform for the development and integration of decentralized apps (dApps) with real-world organizations. It is designed to be cost-effective and efficient, with a focus on burning SHIB tokens to decrease overall supply and potentially boost token value. These factors essentially underpin the recent accumulation of SHIB tokens by humpback whales. In the days leading up to the scaling protocol’s official liftoff, over 11 trillion SHIBs have flowed into the wallets of prominent token holders.
If Shibarium brings about tangible utility enhancements for SHIB, the token’s price could surge, generating substantial profits for the whales. Shibarium lead developer, Shytoshi Kusama, has revealed that the Layer-2 solution will be unveiled in the third week of August during the Blockchain Futurist Conference in Toronto.
Dogecoin Crypto: Now “Shiba Inu Killer”?
The “Dogecoin Killer” has risen above being a mere imitation. If anything, it has exceeded the pioneering meme coin in terms of use case and utility. Given this, it might not be long before a change in title becomes inevitable. Unless Dogecoin strengthens its use case or utility, the OG meme coin might soon be dubbed the “Shiba Inu Killer.”
Nevertheless, what Dogecoin lacks in use case, it compensates for in valuation. On-chain statistics recently reflect that roughly 68 million DOGEs ($5 million) were transferred to Coinbase from an unknown wallet. While the exact motives behind the transfer remain uncertain, the possibility of a whale dump also exists.
Undoubtedly, favorable price movements are an advantageous aspect. However, for a pioneering meme coin to genuinely impress a community of crypto experts, it may need to elevate its efforts and dedicate time to developing tangible use cases.
The Rising Force of the DogeMiyagi Powerhouse
Nevertheless, if you’re weary of the incessant doge vs. doge disputes, DogeMiyagi presents an alluring alternative. DogeMiyagi (MIYAGI), an ERC-20 token, aspires to transform from a newcomer into a dominant force in the meme coin-scape. The MIYAGI presale presently exceeds expectations; even before the tokens are officially accessible to the public, it has amassed an impressive $444K. Early adopters of the MIYAGI ecosystem are presently enjoying the benefits of a cost-effective and promising initial coin offering (ICO).
Specifically, they secure a 470% return on investment (ROI) from the stage one presale price. However, this constitutes only a small portion of the tokens. This means anyone still has a chance to partake in the DogeMiyagi experience and bask in the year’s future perks.
MIYAGI also lets users earn passive income through its referral incentives of 10% per purchase made by their connections. Furthermore, the DogeMiyagi roadmap paints an exciting trajectory for the token — from NFTs to listings on centralized exchanges (CEX).
Meme Coins On The Rise
Thanks to upcoming advancements and bullish market trajectories, the meme coin space is experiencing an unprecedented peak. Momentarily, the Shibarium mainnet launch has captured the attention of the masses, a position once proudly held by the OG meme coin Dogecoin.
Inarguably, DogeMiyagi still has much ground to cover before it can even be compared to Dogecoin or Shiba Inu. However, armed with a comprehensive roadmap and an engaging presale strategy, it’s undoubtedly on the right path.
DogeMiyagi:
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi
Telegram: https://t.me/dogemiyagi
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