Go back a year ago and look at articles published about meme tokens, and you will see a strong pattern of mistrust. Fast forward today, and you will see a group of cryptocurrencies known as meme tokens that have helped to create multiple millionaires. There’s also a billionaire walking around smiling because of Doge. These meme tokens are their very own forms of art packaged in the form of cryptocurrency. They house so much more than the faces of your favorite animal.
The meme tokens, in my opinion, are helping to usher in modern-day artwork that will soon replace the paintings many of us hang on our walls. Take Shiba Inu and their debut of their Shibarium; the event was such a success that it sold out of 10,000 NFTs in under one hour. Coinbase has over 2 million people signed up on their waiting list for their NFT art pieces that will debut later on.
Right now, the market is hot for these NFT pieces, and developers get it! It is perhaps one of the things that, in my opinion, makes the difference between a meme coin with little chance for advancement and a meme coin with the mechanics to change the world. Many Shib holders are eagerly waiting on a listing from Robinhood soon, but perhaps the foundation for success has already been placed.
Shib has a lot to offer, and the developers are continually working on new projects and burns. It is important not to lose sight of the ongoing progression these developers are making. They are committed and talented enough to keep coming up with new and vibrant ideas to take the token to the next level. Coinbase shows Shib gained about +42,067,063% over the past year.
I will be the first to tell you that I thought Shib was nothing but a knockoff for Dogecoin after it first arrived in the neighborhood. I even blocked some Shib followers because, in my mind, the project was just an attempt to grift Doge. Before Shibaswap went live, I started following Shiba Inu. Little by little, it became clear that Shib was serious about their token.
The more I learned, the more I appreciated their plight, and I became an investor. As of today, I can tell you I am so proud of the work these developers and followers have done regarding getting the word out. I believe that Shib will change the face of art, swap exchanges, and meme coins as we know it. Perhaps, these meme coins are going to be the new way to collect collectibles on a mass level. We are used to baseball cards, Pokemon cards, coin collecting, and comic books. Get ready for the newest branch of collectibles and perhaps the one to take over the former collectibles, meme tokens with NFT galleries.
I am not a financial advisor, but I am a hell of a fan.