Dogetti (DETI) is a new token that revels in the fun and community side of meme coins, but since both those things exist in most successful meme coins, what makes this one stand out? The team intends to put more focus and attention on its community than we’ve ever seen before. While most meme coins refer to its following as a community, DETI has chosen to replace this label with “The Family.” Along with the brand’s name and animation, their concept of creating a “family” was inspired by mafia-themed media.
While the utility is always attractive to crypto investors, and meme coins should have economic use cases, it’s not the main reason for their success. Dogecoin was the first meme coin in crypto, but the real pioneers of parody investment began at the start of 2021. A subreddit forum, WallStreetBets, gathered such a large community that agreed to invest in the video game retailer GameStop, and movie theatre chain, AMC, along with some other smaller companies, to drive up their share prices.
While short-lived, the surge in prices gave some investors ROIs of 100-fold. This marked the stepping stone to crypto’s meme coin culture and also showcased the potential impact of a virtual community. DETI aspires to create just as much success through a close network of family members who strive to benefit the platform and everyone in it.
Credits: Supplied Image; Author: Client;
The Power of Reddit
Credits: Supplied Image; Author: Client;
Dogecoin (DOGE) rose to fame in 2021. Earlier that year, another Reddit group began making jokes about pumping up the price for the token to relive the Game Stop and AMC spike. The idea traveled throughout a budding community and gained a great deal of momentum in a short space of time. Together with the influence of Elon Musk and Mark Cuban’s promotion of the coin, DOGE’s price rallied by 2,000% in only five days and reached an all-time high of $0.73. Elon Musk continues to dictate the DOGE fan base through a simple tweet or comment, causing drastic changes in the token’s value.
In May 2021, he joked about it on Saturday Night Life, referring to the token as a “hustle.” Consequently, this caused a swift 40% drop in its price. More recently, he spoke about Twitter offering cryptocurrencies in a new payment service which encouraged a ton of users to invest in the coin, immediately bringing DOGEs to value up by 5%. Furthermore, he’s also using his influence to promote the token to be accepted as a currency through a tweet saying, “I will eat a happy meal on live TV if Mcdonald’s accepts Dogecoin.”
Protect the SHIBS!
Credits: Supplied Image; Author: Client;
Shiba Inu might not be as big as DOGE, but it’s a close second, ranking only two spots behind it on Coinmarketcap. SHIB is the second most traded meme coin in crypto, and this is not with the help of Elon Musk’s or any other celebrity support but its community-driven appeal. While they might not call it a family, SHIB has formed a close-net community of dog lovers who can support their furry friends as well as their finances. Shiba Inu has been involved with charity work that’s directly related to its mascot. A community of dog lovers is the perfect place to promote the team's charity organization, Shiba Inu Rescue Association. It’s a volunteer-based charity that rescues Shiba Inu’s and other breeds from poor treatment by facilitating any necessary help before relocating them into a safe home. They also provide public information on Shiba Inu, whether it be on the importance of spraying and neutering the breed or the general responsibility that comes with having them as pets.
Click the following links for more information on Dogetti!
We are proud to provide our readers from around the world with independent, honest and unbiased news for free – both online and in print.
Our dedicated team supports the local community, foreign residents and visitors of all nationalities through our newspaper, website, social media and our newsletter.
We appreciate that not everyone can afford to pay for our services but if you are able to, we ask you to support The Portugal News by making a contribution – no matter how small.
Comments
Be the first to comment on this article
More in Crypto
Intel Markets’ Early Rapid Growth Attracts Avalanche and Ethereum Investors