There are many experts and analysts who regularly monitor the markets and make forecasts about individual assets. The meme market has also often been the subject of research, statistics and studies. Meme coins are to be classified as securities, at least according to Cynthia Lummis, who became known as the crypto senator. Just like Bitcoin, meme coins should also be viewed as a commodity.
Will Dogecoin and Shiba Inu disappear?
Given Lummis’ assessment, fun coins like DOGE or SHIB will not survive and will sooner or later disappear from the market. In a CNBC interview two years ago, the Republican senator urged investors to be extremely careful because, in her view, the supposed asset class has received too much attention.
In 2023, US Senator Lummis made various statements and emphasized that stablecoins, for example, urgently need to be regulated. However, there are also reports that the US senator is considered pro-Bitcoin. So what is right and what does Cynthias Lummis stand for? The fact is that Lummis has recently been seen as crypto-friendly, even if she doesn’t think much of meme coins.
She recently criticized the SEC and took their side in a case against the crypto exchange Kraken. She said several crypto companies have called on regulators to ensure a stable regulatory framework for digital assets. But from the US senator’s point of view, the SEC failed to provide the necessary framework in a timely manner and is now causing damage to the entire industry with its enforcement efforts.
| Meme Kombat | Dogecoin | Shiba Inu | |
| platform | Online betting | Meme coin | Meme coin |
| Tokens | $MK | DOGE | SHIB |
| Purpose | Crypto battles | Entertainment | DEX, Layer 2 |
| Special feature | 11 meme characters | VIP support | BONE, LEASH |
| Daily trend | Upwards | Upwards | Upwards |
| Weekly trend | Upwards | Down | Down |
| Monthly trend | Upwards | Upwards | Upwards |
| Staking yield | 174% | No staking | No staking |
| Native Blockchain | No | Yes | No |
| Deflationary | Tokenburn | without token burn | Tokenburn |
Where do Dogecoin and Shiba Inu stand today?
Today, investors only pay 0.08129 euros for 1 DOGE. The price fell around 2.70 percent over the course of the day. Even though the meme coin has gained over 15,800 percent since the first day of trading, investors are currently not entirely satisfied with Dogecoin’s performance. Last week, DOGE only slipped 3.54 percent in the red. However, the monthly chart shows an increase of 11 percent.
Today 1 SHIB only costs 0.000009432 euros. Over the course of the day, the meme coin lost over 1.77 percent. In the weekly chart, the number 2 meme coin fell almost 3 percent. Just like Dogecoin, SHIB was able to improve significantly over the month, namely 26.77 percent. This means that Shiba Inu is above the increase in value of Dogecoin, calculated over the last 30 days. The overall potential profit for Shiba Inu is also impressive and here too SHIB clearly beats DOGE with over 781,505 percent.
Which meme coins could be dangerous for DOGE and SHIBA?
It is high time for clear rules, which would also benefit the best investors Meme coins 2024 benefit. These also include Sponge-Coin in the latest edition.
Sponge V2 Tokens are the upgrade of the first Sponge Coin, which has already achieved enormous success on the market. The presale sold out quickly and now investors can trade SPONGEV1 for SPONGEV2. For this and for direct investment, simply use the stake-to-bridge. The mechanism is automated and starts when you connect your wallet to the project website.
You buy and stake your Sponge Coins in the second edition. This means, from then on, you will also receive the crypto staking rewards. The expected annual return for staking the Sponge V2 token is currently stated to be 548 percent. However, this changes proportionally to the locked tokens. At the moment, investors have over 2.945 billion tokens locked in the smart contract.
Meme Kombat is also a meme coin that could ensure a new ranking in the list of the most successful meme coins. The GameFi platform is dedicated to the meme sector and offers attractive crypto rewards, also via staking. The expected annual return for this project is currently 174 percent and over 22.628 million MK tokens have already been locked in the smart contract.
Pre-sales for both coins are in their final phase. 1 $MK currently costs 0.268 USD and 1 SPONGEV2 only 0.000391 USD. For the Coin launch of Sponge-Coin Version 2 will be 0.000025 USD. This means investors who invest today will benefit from the automatic appreciation until the token launch of $SPONGEV2.
Meme Kombat’s native utility token, $MK, has the following roles within the GameFi ecosystem:
- Native currency on the Meme Kombat platform
- Eligible to participate in GameFi adventures
- Payout crypto rewards as MK tokens
- Locking the tokens in the staking contract
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about the author: Stefanie Herrnberger works as a freelance editor and content creator. Her many years of professional experience in the areas of blockchain, cryptocurrencies and NFTs offer her the perfect background to report on current news and developments on decentralized and centralized financial markets. Stefanie has also been investing in cryptocurrencies herself for several years and can therefore cover almost all aspects of the crypto world.
Publications: https://de.cryptonews.com/editors/stefanie-herrnberger website: https://blockchain-technologie.digital/