{"id":144502,"date":"2024-12-11T11:57:18","date_gmt":"2024-12-11T09:57:18","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=144502"},"modified":"2024-12-11T11:57:18","modified_gmt":"2024-12-11T09:57:18","slug":"will-shiba-inu-dominate-the-next-meme-coin-super-cycle","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/will-shiba-inu-dominate-the-next-meme-coin-super-cycle\/","title":{"rendered":"Will Shiba Inu Dominate the Next Meme Coin Super Cycle?"},"content":{"rendered":"
The era of meme coins in the crypto world started with Dogecoin\u2019s instant hit on Reddit. Originally a joke, the cryptocurrency themed around an internet meme became a store of value powered by the community\u2019s support.\u00a0<\/span><\/p>\n The second mover in this space, Shiba Inu, created by \u201cRyoshi,\u201d is centered around Shiba Inu- the Japanese dog. As the second biggest meme coin, Shiba Inu ranks as the 12th biggest cryptocurrency in the industry with a market cap of $10.31B.<\/span><\/p>\n This article is sponsored content and does not reflect the opinion of the CryptoDnes team.<\/strong><\/em><\/u>\u00a0The material does not constitute investment advice and is provided by the respective company.<\/strong><\/em><\/u><\/p>\n Like other cryptocurrencies, meme coins are a digital store of value, but unlike Bitcoin, they are generally seen with an unlimited supply. Despite the risk of superinflation, these coins find value from community support and interesting new use cases in decentralized finance and global adoption.\u00a0<\/span><\/p>\n In the last crypto bull cycle, Dogecoin recorded a massive jump from $0.0012 to $0.7488 between April 2020 and May 2021. Similarly, Shiba Inu peaked at $0.00008841 from $0.000000005 between February and October 2021. The driving factor behind the meme coins remains the strong community support, social media trends, and influence of key personnel like Elon Musk.\u00a0<\/span><\/p>\n Created by Ryoshi in August 2021, Shiba Inu was built over the Ethereum blockchain and named the \u201cDogecoin-killer.\u201d Thus, it became the first widely recognized meme coin on Ethereum. Initially started as a Dogecoin competitor, Shiba Inu now offers an ecosystem with DeFi services. It consists of SHIB TREAT LEASH and BONE to offer liquidity and staking services.\u00a0<\/span><\/p>\n Furthermore, the ecosystem brings a decentralized exchange, ShibaSwap, supporting token swaps, staking, and yield pairs. Increasing the utility of SHIB, the launch of Shibarium layer-2 has opened up a new avenue. With such innovative developments, the general sentiment expects a boost in its market value. Curious about the future price trend? C<\/span>heck out the SHIB price prediction<\/a>.<\/p>\n With the market cap of all the crypto meme coins crossing the $65B threshold, sentiments are extremely bullish. Further, with Bitcoin inching closer to a new all-time high, meme coins maintain the status of a high-performing crypto segment. Tweets from high-profile people like Elon Musk and Donald Trump have significantly impacted meme coin prices and boosted community support, fueling the bull run.<\/p>\n
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\nMeme Coins: Fueled by Community, Poised for Growth<\/b><\/h2>\n
Shiba Inu: From Meme Coin to DeFi Powerhouse<\/b><\/h2>\n
Shiba Inu\u2019s Potential to Lead the Next Meme Coin Bull Run<\/h2>\n