Amidst a turbulent week in the crypto market marked by a 2.90% drop in BTC, significant news emerges as the SEC greenlights spot Bitcoin ETFs. In the face of this upheaval, how have the old guards of meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB), weathered the storm? DOGE has witnessed a 16% decline in the past 30 days, while SHIB is grappling with the possibility of delisting on the Canadian subsidiary of Uphold, a multi-asset digital money platform.
With the Doge-based meme coin duo currently facing challenges, investors are left to ponder whether to capitalise on their bearish performance or explore new meme coins that come with fresh incentives. Enter Launchpad (LPX), an altcoin offering a platform hosting NFTs and play-to-earn (P2E) gaming, presenting an alternative avenue for investment.
Is Dogecoin Still the Leading Meme Coin for Decentralisation?
In 2013, an unconventional cryptocurrency took the stage. Initially conceived as a playful joke, Dogecoin (DOGE) defied expectations, transforming over a thousand of early investors into millionaires.
This digital currency gained prominence as a meme coin, embodying the influence of internet culture and deriving its value from the world of memes.
The ascent of Dogecoin can be credited to its dedicated community, counting influential figures like Elon Musk among its members. Major corporations, including Microsoft, Newegg and ExpressVPN, embraced DOGE as a valid form of payment.
While Dogecoin has become synonymous with decentralised finance (DeFi), it has encountered hurdles due to its inefficient Proof-of-Work (PoW) mining mechanism and limited utility beyond its meme identity. Consequently, its community, which significantly influences its value, has started to exhibit signs of waning enthusiasm.
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Shiba Inu: Aiming for Innovation
When Shiba Inu entered the scene in 2020, it aimed to tackle the limitations of Bitcoin and Dogecoin. Drawing inspiration from the meme influence of Dogecoin, Shiba Inu (SHIB) positioned itself as a meme coin with a futuristic vision for the cryptocurrency landscape. Through the adoption of the energy-efficient Proof-of-Stake (PoS) mechanism, SHIB achieved quicker transactions and lower fees compared to Bitcoin and Dogecoin.
SHIB is actively working on ambitious projects, including the establishment of a decentralized exchange, NFT art initiatives, and ventures into the metaverse. These endeavours seek to build a comprehensive ecosystem for SHIB’s community. However, some critics raise concerns about the uniqueness of SHIB’s offerings and question its ability to compete with newer meme coins that bring distinctive innovations to the forefront.
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Launchpad: Taking on the Big Dogs
In the turbulent crypto market, with established meme coins like Dogecoin and Shiba Inu facing internal and external pressures, a new player strides onto the scene: Launchpad.
Launchpad aims to become a comprehensive ecosystem bridging the gap between users and the developing world of Web3.
Unlike its alt-coin predecessors, Launchpad offers a multifaceted platform encompassing a robust NFT marketplace, a dedicated hub for play-to-earn gaming and metaverse experiences, and a user-friendly gateway to Web3 tailored for both newcomers and seasoned veterans.
It aims to address some of the problematic points within the crypto sphere, including:
- The lack of streamlined access to NFTs
- Unintegrated crypto wallets
- The complexity of navigating the Web3 landscape.
Launchpad boasts features like an NFT marketplace with real-time data insights and an innovative revenue model, a custom Web3 wallet designed for seamless digital spending on the platform with a diverse range of traders.
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Unlike other crypto wallets separated from crypto platforms, Launchpad’s Web3 wallet is embedded into the crypto platform.
The platform will also feature AI-powered tools empowering users to identify high-yield tokens and navigate airdrop processes.
Its ambitious roadmap aims to prioritise user engagement and yield generation, with upcoming features like trading algorithms, a trade execution bot and a DEX perpetual futures aggregator.
Limited-Time Opportunity to Join the Presale?
The Launchpad presale offers an opportunity to acquire $LPX tokens at a discounted price of $0.0445 before the price potentially increases upon the presale conclusion on January 24th.
Additionally, depending on the amount of $LPX purchased, investors can unlock premium NFT passes, offering exclusive perks like access to a VIP Telegram channel and market summary emails. For those interested in a glimpse into Launchpad’s potential, its popular Telegram channel, Launchpad Signals and News, provides market insights and has showcased trade setups with returns exceeding 1000%.
Whether Launchpad will ultimately dethrone Dogecoin and Shiba Inu as the “king of altcoins” remains to be seen. However, it undeniably presents a distinct proposition, moving beyond the limitations of pure meme coins and towards a more holistic Web3 experience.
