In a world where memecoins like Shiba Inu and Dogecoin have survived and thrived, experts gather in a Twitter Space to discuss their unexpected success and the future of these tokens. With some memecoins evolving beyond their meme origins and building utility, what could be the game changer that potentially takes them from internet jokes to legitimate companies with real-world use cases?
From joke to investment: The surprising resilience of memecoins in crypto From joke to investment: The surprising resilience of memecoins in crypto
Memecoins, including Dogecoin and Shiba Inu, continue to defy expectations by thriving in the bear market, outperforming other cryptocurrencies and expanding their utility, attracting retail investors and newcomers to the crypto world.
4 min read
Updated: Apr. 16, 2023 at 7:36 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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SHIBA INU
$0.00003
Shiba Inu (SHIB) is a decentralized meme token that aims to be the Ethereum-based counterpart to Dogecoin’s Srypt-based mining algorithm. According to SHIBA INU, the reasoning behind the creation of SHIBA is that Shibas constantly forget where they bury their treasure.
Dogecoin
$0.16033
Dogecoin is a cryptocurrency created in December 2013 as a joke by software engineers Billy Markus and Jackson Palmer.
Footprint Analytics
Footprint Analytics provides API and visualization tools to uncover and visualize data across the blockchain, including NFT and GameFi data.
South African-born Elon Musk has founded several companies, including X.com (which later became PayPal), SpaceX and Tesla Motors.
