Meme Coins Battle: Dogecoin (DOGE) vs Shiba Inu (SHIB) vs Mehracki (MKI)
While significant price drops are normal, they may not always indicate that the project has failed. Shiba Inu (SHIB) and Dogecoin (DOGE) are excellent instances of this.
Meanwhile, a new meme token looks set to take the cryptocurrency world by storm. Mehracki (MKI) is now available via a presale which can be accessed on the project’s website.
Let’s examine these cryptocurrencies in further detail and explore which one might be the number one meme coin this time next year.
Dogecoin (DOGE) was created in 2013 as a satirical take on Bitcoin (BTC). It was inspired by the Doge meme, which was quite popular during that time. The cryptocurrency was not well known until the beginning of 2021, although DOGE was over 10 years old.
If you purchased Dogecoin between 2013 and 2020, you would have seen no return on your investment. Between January and May of 2021, the price of DOGE increased by 8000 %, owing to the meme coin trend.
When the price increases, it often falls immediately, as has been the case with Dogecoin.
Since May 2021, when it reached $0.73, the price of DOGE has been steadily declining, with ups and downs along the way.
Dogecoin is always a coin to keep close tabs on as it can go on random price hikes. It has also been stated that one-day major companies such as McDonalds may use DOGE as a form of payment.
Shiba Inu (SHIB) is the only cryptocurrency that has the potential to be dubbed the big dipper. The meme coin’s price has fluctuated more than many of the other key tokens in the game.
If you were fortunate enough to purchase SHIB when it originally launched in August 2020, you might possibly have profited many millions of dollars.
Shiba Inu (SHIB) may be ranked 15th in terms of market capitalisation which is below Dogecoin but in 2021, it surpassed its counterpart. SHIB grew from $0.000000000119 to $0.00008845 between January and October 2021. This is an incredible gain of 74,327,600%.
Many say that Shiba Inu is a poor investment and advise against them. However, whenever Elon Musk tweets or publishes a picture of his Shiba Inu, Floki, the price of SHIB seems to rise. There is no harm in spending a few dollars and seeing how far Shiba Inu can take you.
Mehracki (MKI) is a meme token based on the Solana (SOL) blockchain. It was created to help investors generate new income streams and promote virtual events and activities for people globally.
Mehracki’s real-world applications concentrate on low-cost, quick, and borderless transactions with an emphasis on hospitality and tourism. Mehracki argues that equality, understanding, and belief consolidation will be facilitated by limiting services to the above-mentioned areas.
Users of Mehracki may, among other things, perform transactions using MKI tokens, manage customer loyalty tokens, avoid expensive intermediaries, get direct access to consumer behaviour data to enhance services, and construct a referral and feedback system.
The MKI token serves to verify and authenticate transactions conducted on and off the network. Payments made using MKI are gamified, with many incentives available at various stages to encourage the token’s adoption.
Additionally, hospitality businesses and tourist attractions may bypass third-party systems that arbitrate centralised transactions, often more expensive due to multi-level taxes.
However, with MKI, the expenses of supplying fun-seekers and visitors with services are decreased, resulting in a higher net profit.
Meme coins have come far and returned extraordinary returns for their investors. While Dogecoin (DOGE) and Shiba Inu (SHIB) may have already seen their golden era, Mehracki (MKI) token could be your ticket to becoming a millionaire.