Memes might be jokes, but the Memecoin industry valuation of $2.3 billion in 2020 means memes mean business. Both Shiba Inu and Doge are up by around 30% over the last month, following the trend of Bitcoin’s 37% gain over the same period. So which memecoin should you invest in? And is their a third option that could outperform both of them?
In this article we’ll look into the hype around Doge and Shiba Inu, and uncover an intriguing new project for maximum gains.
Doge – The Original Memecoin
If you know anything about memecoins, you’ll know that Doge is the OG. But is original always best? On the one hand, being the most famous coin, it has the best chance of regaining the hearts and minds of the meme loving people. And it has risen slightly more than Shiba Inu over the last 30 days.
On the other hand Doge’s development and innovation is stagnant. And there are fundamental problems with Doge’s tokenomics, such as the infinite supply. Why is that a problem? Because it means that, like fiat, it is inherently inflationary, something that crypto was designed to combat.
Shiba Inu FTW
When Shiba Inu first launched it seemed little more than an attempt to copy Doge’s fame. But as time has gone on, this couldn’t be further from the truth. Shiba Inu developed it’s own blockchain and ecosystem of coins – $BONE, $TREAT, $LEASH, introduced burning mechanisms, made a game and more. The latest exciting news is the release of their online newsletter. We just read it and found the coverage of the FTX SBF vs Caroline Elison trial hilarious.
And there’s more – The Shibarium has been ablaze with activity, with a new signifcant milestone: 3 million transactions and 1 million blocks, and an all time high of 1.2 million wallet addresses.
From where we’re sitting, Shiba Inu is the one to pick.
But What About Bullish Option Three?
So we’ve concluded that in our opinion, Shiba Inu is the best option. But sometimes you need to ask yourself if you’re asking the right question. Is there an option three? Yes there is. Memecoins are profitable. Especially when you are the first to learn about the newest hot meme. And thats where option three comes in
We’ve discovered a brand new project called Meme Moguls. It’s an upcoming decentralized memcoin exchange and a play-to-earn game, where people can earn the $MGLS token.
The focus is on trading various memecoins and bringing memecoin lovers together, whilst allowing people to stack their $MGLS and improve their trading skills in a fun way. $MGLS can be staked to receive even more of the token, or used to participate in the Meme Moguls economy.
There will be a casino for gambling, and a leaderboard to inspire you to beat your friends and frenemies.
And the best bit? Meme Moguls is in the first stage presale, at $0.0019. There will be several stages where the price rises, and then the token will go live for trading. This means that those who buy in now are ridiculously early, and that Meme Moguls might just be the next 1000x memecoin, and a really fun place to be.