As investors keep jumping onto the crypto bandwagon, the attention is shifting from the biggest names in cryptocurrency like Bitcoin and Ethereum to some exciting coins that are popping up and showing their might over the last few years.

While some might write off ‘Meme coins’ as a joke, some big names in this field have shown the potential they hold in revamping the crypto ecosystem. Cryptocurrencies like Dogecoin and Shiba Inu have made huge waves in this space as they have shown the digital world how diversifying their portfolios into meme coins is a lucrative investment as well.

How Entrants in the Meme Coin Ecosystem are Changing the Game Entirely

Meme coins have gained unmatched popularity within a very short period of time, but what is really pushing the meme coin wave? To put it simply, it’s the power of social media.

Most meme coins have invested heavily in harnessing the power held by social media influencers and retail investors that promote them online. A good example of how social media influenced the rise of meme coins is with the original meme coin, Dogecoin, created as a joke back in 2013. The coin rose to fame after Elon Musk started tweeting about it and investors flew in droves to grasp the new investment opportunity.

The host of meme coin projects coming up are much more focused on making money as opposed to ensuring their communities use them as avenues for realizing financial freedom. A good example is Shiba Inu with a market capitalization of $45 billion. They promise to make investors overnight millionaires but with so many risks to be wary of along the way.

However, there are entrants in the meme coin arena that do more for their communities and investors without focusing so much on making unimaginable profits. The Shar Pei token project is an ideal example of the next-gen meme coins that puts the community’s interest first.  The Shar Pei team does not intend to make money out of their meme token, instead they want their project vision to be their driver of growth going forward.

Some of the distinguishing features that make SharPei stand out from other meme tokens include a free launch, no seed sale, and no private sale. It’s all about being fair to the community that supports their agenda. Interestingly, the project will not allocate any team or dev tokens. Therefore, when purchasing the tokens as an investor, you are assured to get value for your money and you do not have to worry about getting dumped on by the founders of the project. 

Digging deeper into this incoming meme coin project reveals that their total supply kicked off at 100,000,000,000 out of which 50% or 50,000,000,000 is locked for 5 years. 

The meme coin fraternity is happy that they finally have a project that will work for them, not just promising millions with massive risks in between. This can be attested by how the SharPei project was trending for 4 days straight on CoinMarketCap right after its launch 3 weeks ago. With a market capitalization of 8,000,000, coupled with 5,000 holders in only a few weeks, and an upward trend of 20,000% since launch, the sky is not the limit for the SharPei project.

Meme Coins are Developing and have a Long Way to Go

It might look like cryptocurrencies – meme coins in particular – are in their inception stages, but this ‘new’ tech has become more mainstream than ever. We recently saw large corporations like Tesla accepting Dogecoin for payments while governments have acknowledged the use of various other cryptocurrencies, and investors are not shying away from diversifying their portfolios using them.

However, a word of caution to anyone not familiar with the crypto scene; regardless of altcoins making investors millionaires overnight, you should always do your own research and be on the lookout for scams. While the majority of cryptocurrencies are legitimate and serve an actual purpose like SharPei does, developers with ulterior motives exist that keep scamming people out of their money.

That said , cryptocurrencies have come a long way in just a few years. Meme coins have taken the leap from being valued at less than a dollar to turning into some of the most valuable assets the world over. The industry has some unimaginable growth opportunities from gaming, NFTs, to the Metaverse, as we see businesses, governments, and investors jumping onto the bandwagon with confidence. As things stands, the future looks bright for cryptocurrencies with interesting meme coins having a huge role to play in this transformation.