Dogecoin (DOGE), Shiba Inu (SHIB), And Robo Ape (RBA)
The bear market is not without its silver lining; it is a great time for investors to load up on tokens for the long term while the prices are down. The crypto market is cyclic, with highs and lows. Bearish market conditions may occur for extended periods, but longer bullish runs usually follow them.
Veteran investor Warren Buffet explained that wise investors are fearful when others are greedy and greedy when others are fearful. This strategy is especially true for long-term investments in the crypto market.
Meme coins are cryptocurrencies built around funny jokes or viral memes on the internet. Some notable meme coins are Dogecoin (DOGE), Shiba Inu (SHIB) and soon-to-be-launched RoboApe (RBA).
Meme coins have become a global phenomenon with millions of die-hard fans scattered across the globe. A common characteristic of meme coins is that their utility is typically centred on rewarding community members and incentivizing the token’s adoption.
Dogecoin
Dogecoin (DOGE) is undoubtedly the most popular meme coin in the world today. The meme coin was created as an amusing way to appeal to the wider, non-crypto audience, and it became a huge success.
DogeCoin (DOGE) went viral when billionaire Tesla CEO Elon Musk tweeted in May 2021, “SpaceX is going to put a literal Dogecoin on the literal moon.” The price of the meme coin skyrocketed and made many investors millionaires overnight.
The community has created a utility for the token across social media platforms like Reddit, where they use it as a way to tip users who upload high-quality content. Dogecoin (DOGE) is an excellent long-term crypto investment because it has fallen way below its all-time high of $0.731578.
Shiba Inu (SHIB) is the second most popular meme token in the crypto space, with a market cap of more than $4.3 billion. It is also known as the ‘Doge Killer’ because it was built to compete with Dogecoin (DOGE).
Shiba Inu (SHIB) has also enjoyed tremendous success and widespread acceptance in the crypto space since its launch in August 2020. Like Dogecoin (DOGE), Shiba Inu (SHIB) rallied massively when Elon Musk tweeted ‘I’m looking for a Shiba pup!
The meme coin reached its all-time high of $0.000086 on October 28th, 2021 but has since dropped too deep lows in the wake of the current bear market. It presents an opportunity as a long-term crypto investment ahead of the next bull run.
Robo Ape (RBA) is a promising new meme coin on a mission to transform the meme coin culture. It is set to launch on August 29th, 2022, after the completion of its private sale that commenced on May 17th, 2022.
RoboApe (RBA) is set to become the ultimate meme coin with its feature-packed ecosystem. Community members and token holders will enjoy uninterrupted access to its NFT marketplace, where they can effortlessly mint all their favorite memes and funny images as NFTs.
Token holders will also participate in the project’s governance through the RoboApe DAO. The DAO will empower them to vote on issues regarding the direction of the project’s growth.
You can become a part of the RoboApe (RBA) community by clicking the links below:
Source: https://www.cryptopolitan.com/dogecoin-shiba-inu-shib-and-robo-ape-rba/