Meme coins return to gloom overtakes the world of crypto. Funny tokens originating from online jokes like Shiba Inu coin and Dogecoin seem to be getting more gloomy crisis these days. This is when compared to people who have acted on the collection of native tokens like Bitcoin and Ethereum.
ReutersDoge noted it just broke 80 percent from its previous 74 cents as of May. While the Shiba Inu has declined by at least 65 percent since it hit its fraction of a cent before October on early.
Fans of tokens that were previously based on the mere joke of their Shiba Inu coin and Dogecoin among long-time manufacturers claim that this year’s recent journey of meme coins in the world is painful.
Crypto tokens originating from online jokes like Shiba Inu coin and Dogecoin seem to be getting more gloomy crises these days. This is when compared to people who have acted on the collection of native tokens like Bitcoin and Ethereum. Doge noted it just broke 80 percent from its previous 74 cents as of May. While the Shiba Inu has declined by at least 65 percent since flying to its highest fraction of a cent before October on early.
Doge Crypto Tokens History
Currently, the volume of transactions has fallen. And the value is no longer in the billions but only in the millions. As a result, the joke that made people buy these tokens came with a little bit of sadness.
If we want to trace the history of these meme tokens, we can start in 2013. The token named Doge was created by a pair of engineers when new retailers entered the era of social media. They use media of memes, jokes, and sarcasm to increase the popularity of their coin. Which turns out to be quite effective. Their popularity has increased after getting support from Tesla and Space X CEO Elon Musk. Because of this, Doge inspired coin-making with images of other meme dogs like Shiba Inu coin and Floki mentions Elon’s pet.
Social Media Memes
Unfortunately, in the midst of the ongoing token crisis, memes are becoming less popular anymore. A bunch of tweets are tweeting pictures and many people are still editing images expressing disappointment with the downward trend in crypto prices. Like this picture of a young boy with an upside-down hat
— Shibetoshi Nakamoto
Another account called DogeTooCheap tweeted an image of the grim reaper combined with the Shiba Inu opening a door numbered 17 cents to represent the struggle of the coin, which has been trying to break through since a few months ago.
He shared the meme on Twitter with the caption:
This is our life now
Coin holders say that Shib is on a rocker ship to space. But this chatter seems to be lost lately. The usually repeated rally has now lost its momentum.
“January will decide the fate of Shiba Inu. I have a very good feeling we’re on the way to the moon and beyond,”
At least voices like this are expected to be able to raise the value and valuation of Shiba Inu and Dogecoin crypto tokens, so they don’t go bankrupt in the future.
On other discussion platforms such as discord, a user named djcau5e said to a dedicated channel for Shib users, “It’s a complete roll of the dice, while I would love to go to the moon I think a lot of people’s expectation to hit $1 or even .01 is unrealistic in the next few years.”