image 166 8Discussing the future of a memecoin can sound like an oxymoron. After all, the image of a typical memecoin is a project without a roadmap, utility, or serious vision. Well, that is until you account for the fact that several memecoins have existed for years and will be around as long as this industry exists.
Dogecoin had quite a run as the only notable memecoin. Shiba Inu came along to challenge Doge but is only half as big today. Somehow, these projects have endured despite their apparent lack of seriousness. In recent months, projects like DigiToads have emerged to provide alternative visions for a memecoin and actual utility.
DigiToads (TOADS) and the Role of utility
This project seeks to change the future of memecoins. It has a roadmap, utility, and a sustainable angle to create long-term value. It is, therefore, understandable that DigiToads has raised over $4.6 million in its presale despite only starting a few weeks ago.
Users are incentivized to participate in a P2E gaming ecosystem where they nurture toads that battle for their food and habitat. There are also NFTs based on toad avatars that players can collect in-game and stake for rewards from TOADS transaction fees.
These features sound like mainstream decentralized finance of blockchain gaming projects. DigiToads is a memecoin with a fun side and unique toad-themed avatars, but it is creating utility for its users. This project is looking to ensure it does not follow the cyclic popularity trends of popular memecoins but instead has a core of users who create value in the ecosystem.
Notably, the project also donates 2.5% of all profits to charities committed to preserving rainforests. This mission suits the gaming theme based on a swamp habitat, which is decreasing globally due to human encroachment.
Dogecoin (DOGE)
What’s there left to be said about the memecoin godfather, the Dogefather? Dogecoin is a name almost synonymous with the memecoin concept itself- or at least it was for about seven years. Since 2020, several memecoins have emerged, attempting to mimic the DOGE to the moon.
Nonetheless, this project has remained relevant, though significantly smaller than its peak capitalization in 2021. This popularity came with the confluence of a crypto market rally and promotion by Elon Musk, who has a larger-than-life presence in the crypto sector.
Dogecoin’s future makes for a fascinating read. Its creators only leveraged its notoriety as a meme, and it has no utility. You wouldn’t want to bet against the DOGE, but the concept of a pure memecoin may eventually run its course.
Pepecoin (PEPE)
This coin emerged as an upstart memecoin from a famous meme. “Pepe the Frog” is an iconic cartoon character that has become an internet staple, especially on right-wing chat boards.
Based on the popularity of this meme, Pepecoin launched in 2023 and soon posted historic numbers. In early May, this project caught some tailwinds from Elon Musk tweeting about PEPE and saw a rally reminiscent of Dogecoin. Like DOGE, PEPE is mostly about its meme symbol with little in the form of actual utility. Still, this has been enough to make it a popular memecoin project.
Pepecoin will continue to be relevant because of the notoriety of its meme logo. However, it may be subject to the cyclic popularity of memecoins just like Dogecoin.
Conclusion
Memecoins have a unique place within the cryptocurrency landscape. The above-listed projects are promising under their incumbency and in DigiToad’s case, added dimension to existing projects. By introducing utility, its creators may elevate the memecoin space to make it both a fun and sustainable space.
For more information on DigiToads visit the website, join the presale or join the community for regular updates.
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