Thrones and their majestic occupants have been on many people’s minds as of late. Following on from the wildly popular Game of Thrones television series, production company HBO has debuted its prequel series, House of the Dragon – and been met with widespread acclaim from fans, critics, and casual viewers alike.
In a turn of dramatic irony, a parallel can be drawn between this blood-soaked drama and the cryptocurrency market. There’s an equally vicious struggle ongoing between many up-and-coming currencies to determine who will inherit the title of biggest meme coin, dethroning the formerly dominant Dogecoin (DOGE).
Two contenders have made their case to crypto enthusiasts in recent months: the heir apparent, Tamadoge (TAMA), with its continuation of Shiba Inu worship, and Big Eyes Coin (BIG), the wildcard candidate that has surprised onlookers with the strength of its claim.
Read on to find out more about the contest for power unravelling in the crypto markets of 2022.
Dogecoin (DOGE) is the primogenitor of meme coins. Launching in 2013, it redefined the expectations of investors with its unorthodox purpose, community-focused development, and its unprofessional, casual presentation. Inspired by the popular ‘Doge’ meme, the appeal of the token is its carefree nature.
Distinct from Bitcoin (BTC) due to its use of Scrypt technology, uncapped token supply, and its low block time of approximately 1 minute, Dogecoin has attracted a great deal of attention from seasoned investors and casual onlookers alike.
Dogecoin (DOGE) is currently ranked 10th in the global cryptocurrency rankings of coinmarketcap.com and has remained close to this position for several years. The token is as close to royalty as you can get in the frenetic world of meme coins. It has received numerous endorsements from Billionaire Elon Musk, who has called Dogecoin (DOGE) his favourite coin.
However, this veteran of the cryptocurrency world has not had a picture-perfect stay on the throne. Particularly in recent months, the coin has collapsed in both total price and market cap. The price of Dogecoin has fallen from a $0.3 high down to a catastrophic low of $0.06047. Tracking the coin’s market cap tells a similar story: this time last year, Dogecoin (DOGE)’s market cap stood at almost $40B. Now, it sits at just over $8B, a net decline of $32B. It would appear that its grip on the royal seat of meme coins is slipping fast.
When any monarch grows weaker, newcomers with their eyes on the prize will seize the moment to capitalise and make a play for the crown. This is where two up-and-coming meme coins enter the frame: Tamadoge (TAMA) and Big Eyes Coin (BIG).
In late September of 2022, Tamadoge (TAMA) was listed on the OKX marketplace, fetching an initial price of $0.03. Shortly thereafter, it was listed on the charts of Bitsmart and Uniswap.
The presale phase of Tamadoge was an astronomical success: the token raised $19M, selling out in style. Cryptocurrency analysts and online publications and influencers across social media were quick to notice the potential the coin was showing.
The aspirations of TAMA’s developers look further than those of its predecessor – in the pipeline for this platform is a gaming space called Tamaverse, fuelled by the TAMA token, where investors can buy, breed, and battle their NFT Tamadoge pets.
The stage seemed set for Tamadoge (TAMA) to inherit the throne of meme coins. In many ways, this coin could be seen as a direct descendant of Dogecoin (DOGE), sharing its use of the Shiba Inu as its royal sigil, and with similar quirky marketing.
TAMA was poised to succeed Dogecoin as the hottest meme coin in the cryptocurrency kingdom – but if we’ve learned anything from the critically acclaimed House of the Dragon, it’s that where royal successions are concerned, you can never quite tell what’s going to happen next. This is where Big Eyes Coin (BIG) threw down the gauntlet.
Big Eyes Coin: The Unexpected Heir
If Tamadoge (TAMA) is the heir apparent to the throne once occupied by Dogecoin (DOGE), Big Eyes Coin (BIG) can be seen as the dark horse of this struggle for the throne. With a slick homepage, distinct marketing, charitable contributions, and airtight security features, Big Eyes is making a name for itself as a people’s champion of meme coins.
Fittingly, the symbol of Big Eyes’ house is the cat, setting it in stark opposition to the Shiba Inus of past meme coin royalty. Could it be time for a change of heraldry in the realm of cryptocurrency?
Currently, in its presale phase, Big Eyes Coin (BIG) has already blazed past $7M in funding, fundraising at a record pace. The project is generating significant buzz and has been tipped by multiple publications as a potential killer of many meme coins.
Final Thoughts
As we heard in HBO’s original Game of Thrones series, ‘Chaos is a ladder.’ Those with courage, smarts, and ambition can navigate the turbulent crypto landscape to stake their claim on a kingdom of profits.
While the venerable Dogecoin (DOGE) seems to be in the decline experienced by all monarchs, its protege meme coin, Tamadoge (TAMA) has made its play to replace DOGE on the throne.
However, the wildcard Big Eyes Coin (BIG) has stunned the field with its unexpected runaway success of a presale.
In keeping the momentum of the coin going, Big Eyes are offering bonus tokens at checkout by using the code: BIG4357
Big Eyes Coin (BIG)
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin
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Source: https://www.thecoinrepublic.com/2022/10/16/who-will-sit-the-meme-coin-throne-tamadoge-or-big-eyes-coin-the-story-of-dogecoins-succession/