Memes are the future of crypto? Supercharged Meme Coins Soar Past Bitcoin After Elon Musk Twitter Deal

by Arthur · November 4, 2022

With so many quick wins, and millionaires made, many people make the false assumption that all meme coins are scams, due to rampant pump and dump schemes circulating the crypto space. However, there are many legitimate meme coins to invest in that will give you much higher profits than Bitcoin (BTC), from more established coins like Dogecoin (DOGE), to promising newcomers like Big Eyes (BIG).

Table of Contents

Bitcoin: Slow and steady

As a long-term investment, Bitcoin (BTC) is a solid choice. Due to its secure proof-of-work consensus mechanism, Bitcoin is extremely secure, but it is very slow. As a result, Bitcoin does not have many applications, as transaction speeds need to be much higher to be used in the real world. This has led people to call Bitcoin digital gold. It is a very solid hedge against inflation, as Bitcoin is deflationary. Because of the fixed supply, in the long run the price of Bitcoin will only continue to rise.

Give me MEMES

Meme coins like Dogecoin (DOGE) have a much higher risk when investing. Since they are even more strongly associated with pop culture than other cryptocurrencies, their prices can move much faster than other cryptocurrencies, but this also means that they have the potential for massive upside.

Dogecoin has managed to stand the test of time as it was the original meme coin, and the current most popular meme coin, ranking 8th on CoinMarketCap, displacing Cardano (ADA) and Solana (SOL).

Tesla began accepting Dogecoin as payment, among other companies such as Twitch, AMC and GameStop. Dogecoin also has more promising use cases on the horizon, as many people speculate that since Musk now owns Twitter, he plans to introduce Dogecoin as a currency accepted by the social media platform.

With a hopeful future for Dogecoin ahead of it, it will pave the way for many other meme coins to follow in its paw prints. Many other Shiba Inu-based coins had similar gains at the time Musk bought Twitter. With meme coins exploding in popularity, many want in on the action. While most of these meme coins may continue to rise, there is a new meme coin emerging with the potential to become the next Dogecoin.

Such big eyes you have!

With its cute, anime-style cat design, the new meme coin Big Eyes (BIG) stands out from the crowd of lookalike dogs flooding the crypto market. Big Eyes has spawned a cryptocurrency with explosive growth, as it has already raised over $9 million so far in its pre-sale. Big Eyes is focused on community, and 90% of tokens are available at launch, 70% will be sold to the public via pre-sale, and 20% are for exchange.

Many meme coins, such as Dogecoin and Shiba Inu, only serve to spread memes and have no fundamental purpose. Big Eyes also lives for the memes, but also has a heart of gold – this cat is focused on giving back to the community and the world. 5% of all tokens are held in a visible charity wallet and these funds are used to support organizations dedicated to protecting marine life. These include marine reserves, which enable marine wildlife to recover from the devastating impact of overfishing, plastic pollution and oil spills. In addition, Big Eyes often contributes to a number of charities. For example, their most recent donation was made to the climate justice organization Sea Shepherd.

Big Eyes already has an incredibly solid support behind it and has raised over $9 million so far in pre-sales, with that number still rising rapidly every day!

To conclude

With the bear market still rumbling around the crypto space, now is the time to stock up on your favorite coins before the bear hibernates and the next bull run approaches. Bitcoin (BTC) is a great long-term investment to make, although it won’t give investors the same meteoric rise in profits that meme coins do. Dogecoin (DOGE) and Big Eyes (BIG) are fantastic choices for meme coins to invest in as both have a bright future ahead of them.