Cryptocurrency has been in disarray over the past month, with two crashes suddenly occurring. Unfortunately, this has left active and new investors reluctant to get involved in crypto due to many veteran blockchain networks such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Terra (LUNA) all having their currencies rapidly decline in market capitalisation. Although this crash is ongoing, people continue to discover alternative methods with which to invest.
A relatively new iteration of cryptocurrencies named ‘meme coins’ has shown the great potential a humorous approach coupled with brand designs has, to elevate the market’s visibility. These types of coins provide a quirky niche to the crypto market, arming individuals with a cryptocurrency that has originated from a meme online or viral image. This article will explore two meme coins that aim to keep investors captivated through their unique features: RoboApe (RBA) and Dogecoin (DOGE).
The Future Meme Coin – RoboApe (RBA)
RoboApe (RBA) is an upcoming meme coin that plans to tackle economic shackles by making it sustainable and rewarding a thriving community culture. The blockchain network describes itself as a meme token that intends to revolutionise the crypto market by operating a diverse set of services.
These unique services include RoboApe Academy, RoboApe Merch, RoboApe eSports, and running charity events. Their academy aims to educate people on what they need to know about crypto – a free hub that will undoubtedly aid many beginners and further teach active investors.
Having exclusive RoboApe merchandise will further gain awareness, expand their community and potentially increase their market hold. Their eSports platform could elevate blockchain technology by offering users a gaming experience that they can dictate. RBA is currently in its presale phase, being inexpensively priced at $0.0006173 for one token. They plan to officially launch on 29th August 2022, giving people plenty of time to join its community.
The Veteran Meme Coin – Dogecoin (DOGE)
Dogecoin (DOGE) is considered to be the very first meme coin, 2013 being its arrival, just four years after Bitcoin was introduced to the world. It’s based on the popular ‘doge’ internet meme, which shows a Shiba Inu dog glancing at a camera being accompanied by text written in a broken form of English. DOGE is arguably responsible for pioneering meme coins and hurling them to the forefront of the crypto market through its light-hearted and fun idiosyncrasies.
Business magnate Elon Musk has publicly supported the use of Dogecoin on numerous occasions. Just two days ago (19th June), Elon Musk tweeted “I will keep supporting Dogecoin” – showcasing his admiration for the currency. Having a high-profile entrepreneur like Musk cosign a blockchain network adds another level of legitimacy to this exotic coin.
Dogecoin is currently the tenth most profitable cryptocurrency globally according to CoinMarkeCap, with a market capitalisation of $8,632,093,626. If there’s any meme coin to place your trust in, it’s Dogecoin.
Meme coins have helped contribute to the growth of popularity in the crypto market by providing their users with unique branding. Many meme coins help crypto investors build a solid community through their endorsement and influence of high-profile figures such as Elon Musk, Vitalik Buterin, and Roger Ver.
Though crypto can undergo waves of volatility, these meme coins have the potential to level up the market once again. It is advisable to conduct further research on meme coins to explore whether they are worthy of your financial investment.