Can New Meme Coin RoboApe (RBA) Shock Investors like Dogecoin (DOGE) or Shiba Inu (SHIB)
In the crypto world, meme coins are all about the hype. These cryptocurrencies have swept the globe, with well-known public personalities endorsing them as long-term investments. Even if there are dozens of possibilities, finding the finest meme coins to buy can be challenging, especially if you are new to the space.
Dogecoin (DOGE) variants Shiba Inu (SHIB), Dogelon Mars, Samoyedcoin, and Doge Dash, among others like RoboApe (RBA) which is in presale, have sprung out as a result of the tremendous popularity of meme-based currencies like Dogecoin.
These coins, even though they are frequently thought of as a joke, have grown to become mainstream. Dogecoin (DOGE), for example, saw a big increase in value in May 2021 before levelling down. According to CoinMarketCap, it is currently ranked twelfth in market capitalization.
Still, laugh as much as you want. Doge is worth $17.9 billion and has a daily trading volume of $341 million. Shiba has a market capitalization of $14 billion and a daily trading volume of $324 million. To put it in context, both coins have a market cap of roughly two times that of AMC Entertainment (AMC) and a daily trading volume of 36 times that of Hyatt Hotels Corporation (H). AMC and Hyatt are real companies that produce and sell real services.
So, should we take meme coins seriously?
Dogecoin is a form of cryptocurrency that started as a joke on Bitcoin. It’s now a very valuable cryptocurrency, due in part to a boost from Tesla CEO Elon Musk, who brought it to light and then took it “to the moon”.
Dogecoin, like other cryptocurrencies such as Bitcoin, can be used to transfer money between people as a payment for goods or services, or simply to send cash. Even if a record is publicly visible on the blockchain, users can make transactions semi-anonymously. They can do it without going through a typical middleman like a bank.
DOGE has climbed by 12+ % soon after Elon acquired twitter. As the sale is finished and legal formalities are fulfilled, the original meme cryptocurrency could experience greater rises. Elon Musk dubbed the “Father of Dogecoin,” has stated his support for the initiative.
In the future, the DOGE token could be utilised in a variety of ways on Twitter. More adoption is anticipated to result in a series of DOGE price increases. Dogecoin is accepted as a form of payment on a variety of websites around the world, and early adopters have seen massive gains.
Shiba Inu (SHIB)
Shiba Inu rose to notoriety in late 2021 as a result of the widespread interest in Dogecoin.
Shiba Inu is in a class by itself when it comes to cryptocurrencies. Critics have referred to it as a “pump-and-dump” scheme that is largely useless. It does, however, have a large number of fans who love to promote it on social media.
Despite the widespread belief that SHIB is only a meme coin driven by excitement and Elon Musk’s tweets, the SHIB ecosystem has expanded to include nonfungible tokens (NFTs) and decentralized finance (DeFi) platform ShibaSwap.
Shiba Inu may have started out as a joke and a meme coin. On the other hand, the Shiba Inu team is working on a number of projects to get this “Doge Killer” out of the meme token pool and into a more useful digital asset. This could make SHIB a better long-term investment.
The Shiba Inu team announced on Twitter on Wednesday (4 May) that the SHIB token can now be used to mint land parcels in the recently released virtual reality project “SHIB: The Metaverse.” This is a major achievement for the Shiba ecosystem and the product roadmap.
Shiba Inu, much like other investment is by no means a guaranteed investment; nevertheless, it has demonstrated that it may surprise investors with incredible profits. Shiba is a capital investment with high risk, but with enough luck and liquidity, it might skyrocket once more.
RoboApe (RBA) is a deflationary meme coin that will provide a wide range of decentralized choices for engaging, generating, and managing funds. Every transaction on the RoboApe platform will be subject to a transaction fee, half of which will be burned and the other half will be redistributed among wallet holders as part of the burning mechanism to preserve the deflationary token.
The RoboApe ecosystem will be powered by the ERC-20 standard for designing and issuing smart contracts on the Ethereum blockchain. The RBA coin will provide a variety of benefits and applications to investors, including
- RoboApe NFT Marketplace
Token holders can participate in NFT trading as well as NFT minting.
- RoboApe eSports
The RBA meme token will address the lack of player incentives and transparency by levelling the playfield with secure RBA crypto token payments
- RoboApe DAO
RoboApe will operate as a community-driven DAO, with the RoboApe community having direct access to development initiatives, resources, and decision-making. The holders of the RBA token will be involved in the platform’s governance.
Long-term investors who hold the RBA token will benefit greatly from numerous incentives and awards that we will be announced during the presale
With a varied collection of services designed for the community, the RBA “RoboApe” coin is primed to disrupt the crypto market. Starting with the RBA, a meme token with the extraordinary utility to give back more than it takes by creating a DeFi platform for meme and crypto enthusiasts. The RoboApe community also has much more to gain, including
- RoboApe Academy
The RoboApe Academy will be a completely free instructional hub where people can learn everything they need to know about cryptocurrencies.
- Charity games & Events
RoboApe will also take part in a slew of humanitarian games and activities aimed at making the world a better place.
- RoboApe Merch
RoboApe would also delve into selling exclusive RoboApe merchandise in order to build a wider community and expand its market share.
RoboApe will be developed around its community and will have initiatives in place to keep them completely involved.
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