After the massive success of meme coins, especially the Shiba Inu Coin and DogeCoin, other meme coins have begun to hit the cryptocurrency market. Some have been successful, while others have failed, but the validity of meme coins as actual investments has been cemented.
In this video, we’ll be looking at the Shiba DogeCoin, how it came to be, how it has done since its launch, how it’s looking to be, and the community’s plans for the coin in the future.
How The Shiba Doge Came To Be
With the conflict between Dogecoin and Shiba Inu communities after the Shiba Inu was hyped up as the “Dogecoin” killer, there were a lot of debates regarding the purpose and end-goal of these currencies. Were they just for fun, for investments, a mixture of both? An actual decentralized currency option?
Amidst the debate, whales (people who hold over at least $1 million worth of crypto in their wallets) decided to come together for the greater good of both communities. Although there isn’t much to learn about who specifically is responsible for the Shiba Doge, their transparency regarding their plans is very clear. They have a lot of resources available on their website to support their coin and potential investors, and they’re also very transparent regarding their plans.
How Has The Shiba Doge Done Since Its Launch?
According to its creators, their short-term goal is to merge at least 1% of the audience in both Shiba Inu Coin and DogeCoin, which has a combined market cap of above USD 40 billion, represented by more than 5 million token holders.
Based on the observation by cryptocurrency enthusiasts, the trend of the $SHIBDOGE cryptocurrency has nowhere to go but up. At least for the next few months. With Shiba Doge waiting to be listed on Bitmart cryptocurrency exchange and other cryptocurrency exchanges, it will see some form of success.
However, like all other cryptocurrencies and especially all meme coins, its volatility is something to consider. As of today, cryptocurrency, especially new ones like these, are always high risk.
What Are The Future Plans For The Coin?
Found in realshibadoge.com, the Shiba DogeCoin official website is a roadmap that details its agenda for the upcoming months.
For their launch, they aimed to build on platforms where they can update their followers and constituents regarding their plans. They stealth launched on December 24, 2021, and they worked on their listings, telegram buildout, and Twitter buildout.
Then there are three stages. For the first stage, the one they’re currently on, they are working on other buildouts, getting listed on other cryptocurrency exchanges, and retaining press attention.
For the 2nd stage, they aim to have more Twitter and Instagram followers, hold giveaways, and release their whitepaper. Lastly, for stage 3 in the coming months, they plan to double their social media following, be listed on a majority of the major cryptocurrency exchanges, and update a 12-month roadmap.
It might be a handful to take in, but this means that Shiba Doge has concrete plans and goals for the future, and they’re working on it.
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