Newcomer Dogetti Arrives to Rival Shiba Inu and Dogecoin for Top Dog Spot

The move towards decentralised theories of money is reflected in the rise of meme coins. These comical coins embody the decentralised theory as the power is distributed amongst a community of users. With adorable dog mascots, Dogecoin (DOGE), Shiba Inu (SHIB) and now Dogetti (DETI) have all managed to build loyal communities of dog-obsessed meme-lovers and achieve success. Each community aims to reflect the user’s personal interests and identities and promote more personal connections. While the meme-coin phenomenon many have started as a joke, their success is no laughing matter and these currencies are here to stay

Dogecoin – The Original Meme-Lovers Coin

The first ever meme-coin, Dogecoin (DOGE) was first established as a joke coin in 2013. The original developers created the token to reach a wider audience than the likes of Bitcoin. At the time, the Doge meme was one of the most popular memes enjoyed by a wide internet audience. The parody cryptocurrency eventually gained credibility and experienced an incredible rise. With somewhat of a cult following of meme-lovers, Doge has amassed a market valuation of $75 billion. It continues to be one of the largest cryptocurrencies by market capitalization, and is currently ranked at number 10 on the crypto charts.

Shiba Inu – The ‘Dogecoin Killer’

Following the success of Doge, Shiba Inu soon wanted to get in on the action. Similar to Dogecoin, SHIB uses a Shiba Inu as its mascot and has proclaimed itself the “Dogecoin Killer”. The Shiba Inu Network is driven by principles in its white paper that highlights the project’s plans and objectives. It is a fungible token, built on the Ethereum blockchain to be secure, robust and allow for decentralisation. Shiba Inu has increased in popularity since it hit the market in August 2020, largely due to its loyal community, known as the ShibArmy. Having managed to overtake Dogecoin at one point, Shiba Inu is currently the second largest meme-coin on the market and sits at 13 on the crypto chart.

Dogetti – New Top Dog?

Dogetti is an up and coming memecoin, hoping to establish itself as the new top dog in the meme coin space. Advertising itself as a big family, the Dogetti platform values community above all. The Dogetti family strives to create a community in which members feel valued, respected and heard. It will be completely owned and controlled by the community with no central authority. DogettiDAO is a space where community members can propose and vote on the direction and development of the Dogetti project, so every member will have a say in the future of the project.

Their decentralised exchange, DogettiSwap, will allow members to trade Dogetti and other crypto assets in a secure environment. With a user-friendly interface, it will be easy for anyone to participate in the market. The platform will also have Dogetti NFTs. Unique, personalised NFTs give users their own adorable Dogetti puppy as a digital companion.

Currently in phase one of presale, Dogetti has now raised $129,422 and is making a name for itself through social media platforms. With an exciting roadmap ahead, Dogetti’s progress will be one to follow as it prepares to launch.

Although the meme-coin category started off as a joke, loyal communities of meme-lovers have made these currencies legit. Following the trend of dog-themed meme coins, newcomer Dogetti is set to be the next top dog in the meme coin space.