In recent crypto news, the market has not been in a strong position for the majority of this year. During this time, users have not been happy as many cryptocurrencies have dipped in value significantly. With Bitcoin (BTC) struggling, the future of the crypto market seems uncertain. Whilst many crypto enthusiasts had believed that the market would be in a stronger position towards the end of the year, it seems as if this is not the case. However, during this time, there has been one specific sector of the market that seems promising: meme coins. Shiba Inu (SHIB) is the second-largest meme coin and has been doing quite well during this time, especially in terms of market capitalization. Additionally, with the new meme coin, Dogeliens (DOGET) preparing to hit the market, it seems as if meme coins could be taking over.
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Shiba Inu Ranked 14th By Market Capitalization
Shiba Inu is one of the biggest meme coins in the market and also one of the most influential. Launched in 2020, Shiba Inu is quite young in the crypto space but has seen big success during its short time.
At the time of writing, SHIB is ranked 14th by market capitalization which is a two-spot jump from its usual 16th position. Many believed that meme coins were pointless as they typically do not have much utility, but meme coins have gained significant popularity in recent years. Plus, with Shiba Inu climbing the market ladder during these tough times, it has proved itself as a major meme coin and shown that cryptocurrencies do not rely solely on utility to be successful, but rather its community of users.
Although the future of the market is uncertain with experts unsure of when the market will rise again, it seems safe to say that the meme coin sector will continue to do well and grow regardless of the market conditions.
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Dogeliens To Take Over The Meme Coin Sector
Dogeliens is a new meme coin that is set to enter the market in the new year. With no set date as of yet, Dogeliens is currently in the early stages of its presale. There are hundreds of meme coins in the crypto market, but Dogeliens aims to make a difference. With a mission to take over the meme coin sector and become one of the biggest cryptocurrencies in the world, Dogeliens stands out from the rest.
As Dogeliens is in presale, it is currently working hard to create the best platform it can for its users. In its whitepaper, Dogeliens has made all of its plans clear on how it aims to succeed, even during the market dip. Focusing on creating a fully decentralized platform for its users and ensuring it gives back to its community, it seems as if Dogeliens has the potential for big success.
With competitions, giveaways, a merch store, NFTs, and much more, Dogeliens ensures to create a fun and interactive platform for its users. Trying to fulfill the wants and needs of different types of crypto users, it seems as if Dogeliens could become a strong market leader.
Nevertheless, it is always best to carry out further research before purchasing any crypto tokens due to the unpredictability of the market.
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Learn more about Dogeliens here:
Presale: https://buy.dogeliens.io/
Website: https://dogeliens.io/
Telegram: https://t.me/DogeliensOfficial
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