What is a meme coin? A meme coin is a cryptocurrency that has a humorous characteristic or originated from an Internet meme. Whilst they are more volatile and pose a higher risk than more mainstream cryptocurrencies of never bouncing back from a slump, the potential gains entirely make up for the risk. Dogelon Mars has enjoyed gains of 4000%, whilst Shiba Inu has seen life-altering gains of 14,044,998%. So including some meme coins like Big Eyes, Shiba Inu and Dogelon Mars in your portfolio is a good idea on the off chance the coins blast off into outer space.
Ziggy Stardust and the Doggies from Mars
Dogelon Mars (ELON) is a meme coin running on the Ethereum network. This makes it much more environmentally friendly than other cryptocurrencies like Bitcoin (BTC) or Dogecoin (DOGE). This is due to a different method of validating transactions used: proof-of-stake and proof-of-work. Proof-of-work is more secure and decentralised, but is very slow and uses copious amounts of electricity. Proof-of-stake is much faster and energy efficient but may tend towards centralisation.
Ethereum used to have a proof-of-work means to validate new blocks on the blockchain but recently migrated to proof-of-stake in what is known as the Ethereum merge. Now Ethereum is 99.95% more energy efficient. Any meme coins that operate on the Ethereum network are much more environmentally sustainable than the energy-guzzling proof-of-work consensus systems.
Shiba Inu: Saving the doggies!
Shiba Inu (SHIB) is a meme coin that also runs on the Ethereum network, making it a very sustainable and environmentally friendly meme coin.
Shiba Inu has also run an Amazon Smile campaign to rescue Shiba Inus with the Shiba Inu Rescue Association. As the coin was born out of a love for the dog breed, their support of this charity is a very focused effort to improve the lives of these dogs.
This cat likes water – ocean conservation
Big Eyes (BIG) is also an ERC-20 token that runs on the Ethereum network, making it a very sustainable and environmentally friendly meme coin. Similarly to Dogelon Mars, Big Eyes has its own lore and back story for its mascot character. Creating a strong character for people to connect with and emotionally invest in would likely increase the likelihood of subsequent financial investments. Meme coins operate on cultural currency and do not perform functions like Ethereum (ETH) or Cardano (ADA). Therefore, a meme coin must have a strong and memorable mascot to bestow cultural value to the coin and to allow the memes to flow more easily.
Having a mascot character to represent the brand will allow Big Eyes to flourish and cement itself in the minds of the public. Big Eyes is a very unique mascot in the crypto space, as all the top meme coins in the market are based on dogs. This sets Big Eyes apart from the rest of the popular meme coins, making them more memorable. Also, the anime-inspired big eyes create a very lasting impression with the cute mascot, as not many other cryptocurrencies share this anime influence.
Whilst Dogelon Mars gave 50% of its tokens to Vitalik Buterin, the co-founder of Ethereum, Big Eyes has dedicated 5% of all its tokens to be used for charity. These tokens will be held in a visible charity wallet and will be used to contribute to ocean conservation projects. This element of giving back and helping the environment is an inherent element baked into the cryptocurrency of Big Eyes itself. This ensures that the charitable efforts will always be a part of the coin, as opposed to the external charitable efforts of Shiba Inu.
Final thoughts
Aside from just being funny memes, meme coins are a great way to make a high-risk, high-reward investment. Regardless if you are a cat person or a dog person, all three of these cryptocurrencies are great choices to invest in to grow your wealth, whilst also helping out the environment.
Big Eyes Coin (BIG)
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
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