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Home web3.0 Meme Coin Mania: The Power of Dogecoin, Shiba Inu and Community Hype

Meme Coin Mania: The Power of Dogecoin, Shiba Inu and Community Hype

Jul 10, 2025 pm 07:48 PM
binance cryptocurrency Binance exchange Dogecoin trading platform okx Ouyi red Decentralized exchange

In 2021, the cryptocurrency market ushered in an unprecedented "meme coin mania", with Dogecoin and Shiba Inu undoubtedly the focus of this frenzy. Their rise is not only a soaring price of digital assets, but also a profound experiment on community power and social media influence. From a joke-like digital tip to a giant whose market value once exceeded tens of billions, Dogecoin's transformation is astonishing. As a "dogcoin killer", Shiba Inu Coin has also accumulated a huge user group in a very short time due to its unique community operation model and viral transmission. This phenomenon subverts traditional finance’s perception of value and makes people begin to re-examine the true meaning of “decentralization” and the huge potential for ordinary users to act collectively in the digital world. Their rise is a unique chapter in the crypto narrative, reflecting the wonderful integration of market sentiment, network culture and technological innovation, and also heralding that communities will play an increasingly important role in the digital economy in the future.

1. The rise of meme coins: from jokes to market value giants

As the name suggests, "Meme Coin" is a cryptocurrency born based on the Internet meme culture. They often do not have complex white papers, grand technical visions or rigorous commercial application scenarios, and their value comes largely from community consensus, social media influence, and users' pursuit of "fun" and "fresh".

  • Originally as a joke: Dogecoin was born in 2013, satirizing cryptocurrency speculation.
  • Social media boost: tweets from celebrities such as Elon Musk have attracted attention.
  • Market value soared: from obscurity to digital assets with a market value of tens of billions.

Meme Coin Mania: The Power of Dogecoin, Shiba Inu and Community Hype - php Chinese

2. The rise of Shiba Inu Coin: Copying and transcending

The liquidity of Shiba Inu coins is guaranteed by multiple mainstream digital asset trading platforms, such as:

  • Binance:
  • HTX:
  • OKX (Ou Yi):

If Dogecoin is the "ancestor" of meme coins, Shiba Inu (SHIB) has made a bold copy and "transcendence" based on its successful model. Shiba Inu Coin claims to be the "Dogecoin Killer" and emphasizes its community-driven nature and adherence to the concept of decentralization.

The success of Shiba Inu Coin is largely due to its exquisite community operation and marketing strategies. It cleverly takes advantage of the existing popularity of Dogecoin, while also trying to differentiate itself by building a larger and diverse ecosystem, such as launching the decentralized exchange "ShibaSwap" (website: https://shibaswap.com/). In addition, the supply of Shiba Inu coins is huge and the price unit is very small, which allows many users to hold a large amount of Shiba Inu coins with a lower investment, thus creating a sense of psychological satisfaction of "I am very rich", which further stimulates users' enthusiasm for participation. It proves that in the crypto market, a vibrant community, can create amazing influence even without a strong technical background.

    Meme Coin Mania: The Power of Dogecoin, Shiba Inu and Community Hype - php Chinese

    3. The power of community hype: collective consensus and network effect

    The rise of meme coins is a concentrated manifestation of the power of “community hype”. The "hype" here is not a derogatory meaning, but refers to the formation of strong collective consensus and network effects through platforms such as social media, online forums (such as Reddit), and various instant messaging groups (such as Telegram, Discord), thereby promoting the attention and price increase of a certain digital asset.

    The key to this power is:

    1. Viral: The essence of memes is easy to understand and spread, which allows meme coins to reach a large number of users in a short period of time.
    2. Community belonging: Participants have formed a unique sense of community belonging by holding the same meme coin. This mentality of "making money together" or "playing memes together" greatly enhances the user's stickiness.
    3. Low threshold participation: Meme coins are often cheap, allowing ordinary users to participate easily, thereby lowering the entry threshold and expanding the base of participation.

    The success of meme coins reminds us of the huge influence of the speed of information flow and group psychology in the digital world. They are not always a manifestation of rational investment, but they deeply reflect how online communities in modern society have a profound impact on the digital asset market and even the wider social phenomena through collective action.

    The above is the detailed content of Meme Coin Mania: The Power of Dogecoin, Shiba Inu and Community Hype. For more information, please follow other related articles on the PHP Chinese website!

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