Exploring meme coins with DogeMiyagi, Dogecoin, and Apecoin

DogeMiyagi, Dogecoin, and Apecoin: The Meme Girls of Crypto

In the crypto market, the growing popularity of meme coins means that more and more investors are considering them as serious investment opportunities with the potential to bring incredible returns beyond all expectations. Dogecoin (DOGE), Apecoin (APE), and DogeMiyagi (MIYAGI) are three meme coins that crypto enthusiasts are looking to do exactly this in order to find financial freedom and receive unbelievable profits.

Dogecoin: The Meme Queen

Dogecoin (DOGE) is the original meme coin that completely transformed the crypto market beyond all recognition. When DOGE was initially launched in 2013, it was intended to be a light-hearted joke, making fun of serious and boring cryptocurrencies like the original crypto coin, Bitcoin (BTC). However, due to this demystifying of crypto, DOGE became one of the most accessible coins on the market, leading to an unprecedented surge in demand and a price boom in 2021. Many other cryptocurrencies have followed in the footsteps of DOGE, with this new fun approach to the market, and have seen exhilarating profits as meme culture grows more influential and prevalent.

Apecoin: Losing Meme-entom

Apecoin (APE) was one of the success stories of the meme coin market, with its NFT collection, Bored Ape Yacht Club (BAYC), going viral last year. This drove up the price of APE to unprecedented levels, with the most expensive BAYC NFT, Bored Ape #8817, being sold for 819 ETH, the equivalent of $3,408,000.

Many celebrities and influencers joined in the hype and meme-ability of APE’s collection, but this has come crashing down, and APE has been mostly bearish ever since, experiencing a 40% loss over the last week alone. While some investors cling to the hope that APE will have another bull run, injecting more value into their BAYC NFTs, the impact of meme culture is unavoidable in this area of cryptocurrency, and APE memes have fallen out of favour making a resurgence of value unlikely.

DogeMiyagi: Potential to Take the Meme Crown

DogeMiyagi (MIYAGI) is a newcomer to the meme coin scene that has the capacity to take advantage of the cultural phenomenon of memes in crypto and go viral beyond all expectations. Still in its presale stage, MIYAGI has been stirring up interest in the crypto community, building its own army of supporters and followers in a way unique to meme coins. MIYAGI emphasises the importance of community by ensuring that the coin is entirely community-driven, with all decisions about the coin being made by its community using a decentralised autonomous organisation, or DAO. The influence of the meme coin community is colossal in cryptocurrency, and as MIYAGI is opting for a system that puts power into the hands of its investors, the public perception of this coin is further helped beyond just the potential that this coin has to excel in the market.

While some members of the crypto community still believe that meme coins lack credibility and consistency, it is hard to deny the potential behind these coins, as so many of them have experienced so many life-changing spikes and made millionaires of their investors. Some may argue that the long-term potential of these coins is in question due to the sheer speed of their rises and falls in the market.

However, the crypto market itself is still so new relatively that it is still being shaped by those within its communities, and as the meme coin communities are the strongest on the scene then there will undoubtedly be potential in the future for these coins. Dogecoin (DOGE), Apecoin (APE), and DogeMiyagi (MIYAGI)’s futures on the market remain to be seen, but while they remain in good favour with the community, they will be sure to see peaks in the future.