Cryptocurrencies can make investors some enormous profit you don’t see in other markets, but if you’ve heard of memecoins before now, you know that there are the types that have made a select handful rich overnight. Memecoins are usually created as a joke or related to a joke or meme online. The point of memecoins is to create a cryptocurrency that can be tied to a meme that travels across every corner of the internet. The model has been successful, and we’ve seen memecoins, the likes of Dogecoin(DOGE), Shiba Inu(SHIB), Safemoon, etc garner incredible success.
Mehracki is a community-driven memecoin showing great strength, suggesting it could rise way beyond expectations in a market filled with several other memecoins. The Mehracki Token is not exactly centred around a meme, but it hopes to create value around its ecosystem for a growing and committed community. Can Mehracki Token rise as high as Dogecoin and Baby Dogecoin? Let’s take a look at these coins and evaluate why they rose quite so high.
Dogecoin(DOGE)
Dogecoin(DOGE), considered by some to be the first “memecoin,” made a sensation in 2021 when its price surged. The coin features a Shiba Inu figure, a breed of small thick-coated dogs from Japan, as its avatar. Dogecoin is accepted as payment by some big corporations, including the Dallas Mavericks, Kronos, and, probably most importantly, SpaceX, an American aerospace manufacturer owned by Elon Musk.
In 2013, two software programmers, Billy Markus and Jackson Palmer invented Dogecoin. Markus and Palmer designed the coin as a joke, reflecting on the cryptocurrency market’s rampant speculation.
During the week that Musk was set to appear on Saturday Night Live, the price of DOGE reached an all-time high of around 0.74 cents. Dogecoin has a market valuation of $10 billion as of June 8, 2022, and one DOGE is worth roughly 8 cents, making it the 10th-largest cryptocurrency in usage. The memecoin has demonstrated what an attractive and lucrative prospect a character affiliate can be.
Baby Dogecoin (BABYDOGE)
Baby Dogecoin is a cryptocurrency established by the Dogecoin online community. “Baby Doge strives to impress his father by demonstrating his new, increased transaction speeds and adorableness,” according to the website.
As a deflationary token, Baby Dogecoin is intended to exhibit scarcity over time. Unlike some crypto teams that destroy coins to reduce the number of coins in circulation, Baby Doge adds coins to holders’ wallets with each transaction. Some of the coins are deposited on Pancake Swap as a liquidity pair. According to CoinMarketCap, redistributions are also made to charitable partners.
Baby Dogecoin(BABYDOGE) rose as a result of the parent’s cryptocurrency’s popularity and also had an impressive run in 2021. The cryptocurrency rose to its all-time high in January 2022. It currently has a market cap of over $250 million, making it the third-largest memecoin. The coin showed what meme potential could do to the price of a coin.
Mehracki Token(MKI)
Mehracki Token(MKI) is a metaverse meme token hoping to stay ahead of every other memecoins from all fronts. The coin will power the Mehracki ecosystem and serve as governance, rewards, and even transaction fees. The system integrates gamification to incentivize adoption, so holders are eligible for rewards at certain milestones.
The team aims for MKI to have utility across ecosystems that the holders would not have a reason to swap, and as such, the system is looking at DeFi features to include and help their holders manage their assets pool. The liquidity pool, yield farming, crypto saving, lending, and borrowing are some of the services introduced on the Mehracki DeFi protocol as it helps holders create continuous value and rewards. You can learn more about
Mehrack Token here:
Presale: https://presale.mehracki.io/register
Website: https://mehracki.io