As we like to refer to them, meme coins are cryptocurrencies created based on viral jokes. Despite their popularity among young and experienced crypto investors, they receive a fair amount of criticism from industry experts. Right now, the challenge is to alter perceptions or make something as amusing as a meme into a wise investment. Crypto enthusiasts must understand how meme coins are changing their fundamentals because social media trends and traders significantly impact the value of these cryptocurrencies.
Due to their limited utility and use cases, meme coins have long been regarded as risky investments. However, numerous well-known as well as new projects, including Dogecoin (DOGE), Shiba Inu (SHIB), and ХУХ токен (ХУХ), are aspiring to improve real-world applications of the meme coins, thus bringing the change into the meme coin space.
Unofficial Utility Booster For DOGE: Dogechain
Dogecoin (DOGE) has gained much attention from cryptocurrency investors and non-investors, mainly because of Elon Musk and his endorsement of the coin. Although Dogecoin may have initially been conceived as a joke, the introduction of Dogechain suggests that the popular meme coin may soon become much more useful.
Dogechain boosts DOGE to give the Dogecoin community access to crypto applications such as NFTs (non-fungible tokens), games, and DeFi (decentralised finance). Unfortunately, none of these applications or any decentralised applications can be supported by Dogecoin directly. This is fixed by Dogechain. Dogechain gives Dogecoin owners more options than simply waiting for the cryptocurrency’s value to increase.
Owners of Dogecoin (DOGE) can transfer their holdings to Dogechain in exchange for Wrapped Dogecoin (wDOGE), which can then be used to engage with DeFi apps as well as potential NFT markets, and games on the new platform.
Dogechain is already operational, enabling users to move DOGE over and engage with decentralised exchanges (DEXs) to purchase new tokens created on the chain. According to its online webpage, which embodies the same silly, meme-like vibes as the rest of the Dogecoin community, DOGE can also be utilised to pay gas fees on transactions done on the Dogechain.
Additionally, it is not an official Dogecoin initiative. The Dogecoin Foundation released a tweet claiming neither it nor the coin’s original creators, Jackson Palmer and Billy Markus, are affiliated with Dogechain. It has been made clear that Dogechain is unrelated to a Dogecoin blockchain explorer by the same name.
Spend SHIB With Binance Visa Card
Holders of the Binance Visa Card can use it any place they can see the Visa logo displayed. The card can be incorporated into Google Pay and Samsung Pay or employed for online transactions. The card allows instant cryptocurrency to euro conversion and is funded directly from the wallet. Shiba Inu tokens can thus be spent at 60 million merchant locations by Binance Card holders who also have SHIB tokens, eliminating the need for conversion and transfer processes.
Utimeme Takeover: HUH Token
The creators of HUH have gone to great lengths to optimise their marketing techniques in order to catch the interest of prominent influencers. The blockchain network intends to introduce MetHUH, a social media platform designed for influencers to publish content and be widely available to cryptocurrency users. The developer team recognises the importance social media communities have had on multiple meme coins and their success; thus, they aim to take their social media engagement to the next level and grow an impressive following for the HUH token.
HUH tokens are now available in presale, with numerous bonuses being rewarded for its early adopters! If you believe in HUH’s vision and want to become a part of the HUH community, the presale period could be a convenient time to join the network and help HUH Token to revolutionise the meme coin sector.