Dogecoin And Shiba Inu Need To Watch Their Tails, As New Meme Token Big Eyes Coin Dashes Past $21 Million

Though Dogecoin (DOGE) and Shiba Inu (SHIB) have held the top spot for a while, they need to be careful as there’s a new cat on the block. In this article, we will examine Dogecoin, Shiba Inu, and the biggest presale crypto in the past few years, Big Eyes Coin (BIG)! Can Big Eyes Coin claw past its canine competition? Or will it spend its nine lives trying to catch up to the top dogs in the meme coin space? Let’s dig in.

Dogecoin: Elon Musk’s Favourite Doge

The cryptocurrency Dogecoin (DOGE) was developed by a couple of average guys who just wanted to have some fun. Software developers Billy Markus and Jackson Palmer planned to launch a new cryptocurrency as a prank back in 2013. They created the initial meme coin, Dogecoin, by fusing the Shiba Inu dog which is a well-known online meme with the idea of digital money. They did this to target people who weren’t solely interested in the technicalities of cryptocurrency, as in the early days of crypto the adopters were generally very technical people.

But here's the thing: what began as a joke swiftly turned into a widely-used digital currency. People started utilising it to make charitable contributions as well as online purchases at Tesla and other stores. The strong sense of community in Dogecoin has contributed to its popularity. And Elon Musk. Musk has been a massive proponent of Dogecoin’s growth, with a single tweet from him sending the prices skyrocketing.