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Historically, conventional blockchain enthusiasts have viewed meme coins skeptically. This skepticism arises from their speculative nature and perceived lack of utility. However, assets like Dejitaru Tsuka, Shina Inu, and Beam have gained mainstream acceptance, attracting more people to the blockchain industry.
In the past few days, Smog has outperformed expectations by breaking the $0.1 price level, placing itself among the best-performing crypto in the market. Following this remarkable performance, it has set a new all-time high. Analysts also believe it is set to break through this and reach the $1 mark, particularly as the cryptocurrency market displays heightened optimism this quarter.
New and Best Meme Coins to Buy Now
In recent days, the Shina Inu community has significantly ramped up $SHI burn activities. The burn rate, reflecting the irreversible transfer of SHI tokens to unrecoverable wallets, has skyrocketed by over 2,700%.
The increased burning underscores the community’s commitment to reducing the total SHI supply and potentially influencing price movements. Typically burned infrequently, SHI tokens are now experiencing heightened participation, with any investor sending tokens to one of three SHI burn addresses.
1. Shina Inu (SHI)
Shina Inu is an ERC20 token that operates on the Ethereum Blockchain to encourage and promote the adoption of the Shiba Inu token. Many members of the Shiba Inu team own Shiba Inu tokens and consider themselves part of the #shibarmy. Additionally, the team harnesses the vast resources and influence of the global crypto community to channel support towards uplifting people out of poverty. It achieves this through donations to charitable organizations with a proven track record of making a positive impact.
Furthermore, the project was initiated by a North American-based community with a strong passion for crypto and decentralization. Despite maintaining anonymity, the team has remained actively involved in the token’s activities, continuously working on developing new use cases for the token.
Additionally, their recent initiatives are geared towards supporting the crypto development community and artists through contests, NFT sales, and giveaways. Importantly, these donations will incorporate a burn mechanism, where a portion of the token will be permanently removed after every donation and transaction, reinforcing the deflationary aspect of the token. Additionally, the project takes pride in its community-driven approach, witnessing members launch various initiatives that contribute to the token’s price appreciation.
Hi Everyone! We have made a small update to our whitepaper. Also, there may be some benefits to reading it…🧩
— Shina (@ShinaToken) February 26, 2024
Notably, the project announced on its Twitter page that it had updated its whitepaper to broaden its use case. Additionally, to boost token awareness, Shinu has partnered with Flooz. Its integration on the platform allows users to swap ETH for SHIBB. The Shina Inu token is available for sale on Uniswap and other exchanges.
SHIBB’s Fear & Greed Index shows 83 (Extreme Greed) and has recorded 30/30 (100%) green days. $SHI is priced at $0.051086 today with a 24-hour trading volume of $126,107.14. It has seen a 7.87% price increase in the last 24 hours and a 54.50% increase in the past seven days.
2. Smog (SMOG)
Since its debut, the Smog token has delivered remarkable performances and captivated audiences. The project continues to advance towards becoming the largest airdrop in the history of the Solana ecosystem. However, holders must actively engage in the staking plan to qualify for the airdrop.
Additionally, the team is actively pursuing a multichain debut to expand its reach and value. There are also plans to launch the token on additional DEX and CEX platforms. Accomplishing these milestones will propel the project to new heights.
Furthermore, the token continues to display no signs of slowing down, with a surge of 17.37% in the last 24 hours. What adds to the impressiveness of the current price of $0.112 is that the token previously underwent a consolidation phase. At one point, the price experienced a slight decline of about 11%. This brief pullback presented an opportunity for many investors to enter the market and become part of one of the best meme projects of the quarter.
Bonus Challenge! 🌟
There are 6 other #Memecoins chilling on the beach! 🏖️
Let’s see if you know where they are… 👀
— SMOG (@SMOGToken) February 23, 2024
Significantly, the new crypto experienced an impressive run in the week that ended. As the week begins, the crypto community may anticipate a resurgence of the asset’s uptrend, given the recent influx of investors into the Smog community.
3. Dejitaru Tsuka (TSUKA)
TSUKA is a decentralized community token operating on ERC-20 and entirely governed by the community. The community, known as the “Sangha” (a Buddhist community), pays homage to Milarepa and his teachings. Tsuka was conceived to confront the shortcomings and deceit in the crypto market. Its objective is to bridge a gap in the market and serve the interests of its community and the broader digital market.
Moreover, the project was spearheaded by Ryoshi, the individual behind the Shiba Inu token, who brings a wealth of experience to the development of Tsuka. His goal is to transform it into “Shiba Inu with utility.” Tsuka was introduced fairly, with no pre-sale, transaction taxes, or team tokens allocated for dumping on investors. It is dedicated to fostering community growth.
Furthermore, the team created a new crypto exchange named Uruloki to enhance the token’s utility. Uruloki is a community-built decentralized application (dApp) designed to strengthen decentralized exchanges (DEXs). It introduces limit orders, Active Liquidity Provision, and novel trading strategies. Uruloki tackles the constraints of both centralized (CEX) and decentralized (DEX) exchanges by offering user-friendly trading with limit order functionality and transparent order placement.
Tsuka's Origin Story | Take A Deep Dive Into @RyoshiResearch's Vision and the history of #Shib | $TSUKA Documentary | https://t.co/wQfXYMjntC pic.twitter.com/4ESDvmC8VM
— TSUKA (@Dejitaru_Tsuka) March 2, 2024
Additionally, in its latest Twitter update, a documentary detailing Ryoshi’s research, vision, and the history of Tsuka was released. The response to the short video was overwhelming, providing users with additional insights into the token’s background and future trajectory. The announcement also sparked a favorable reaction in the token’s price, which surged by 93%.
Although Tsuka is down 16.63% in the last 24 hours, the token is up 117.80% in the past 30 days. It is trading at $0.04439 and has displayed 17 green days in the last 30 days. Despite its recent price decline, the token is currently oversold as its RSI is below 30, which means the price is poised to increase.
4. Beam (BEAM)
Beam is a confidential decentralized finance (DeFi) platform that aims to bolster user privacy in the cryptocurrency realm. This goal is accomplished by integrating two blockchain protocols: LelantusMW and Mimblewimble. These protocols strengthen transaction anonymity, obscure address balances, and shield user identities.
However, Beam’s blockchain was developed from scratch in C++. The program ensures that user addresses remain confidential, granting users complete control over their privacy.
Notably, Beam strives to eradicate user data mismanagement by providing a platform for secure and dependable transactions. It supports private stablecoins, NFTs, AMMs, and future developments, including lending, oracles, sidechains, and wrapped assets.
Additionally, Beam’s blockchain facilitates the creation, transaction, and trading of assets, making transactions indistinguishable from regular and asset transactions. The Virtual Machine enables the confidential creation of dApps, and the platform supports a Uniswap-like AMM for Beam and its Confidential and Bridged Assets.
Excited to learn more about the opportunities that @BuildOnBeam offers?https://t.co/wta0UD16qZhttps://t.co/rG5QUSHPgQ
— Merit Circle (@MeritCircle_IO) March 2, 2024
Furthermore, the team has introduced its $FP token in a flurry of announcements and developments. This token is designed to be the in-game utility coin for the project’s upcoming game, Forgotplayground. Additionally, the team has partnered with Immutable, aiming to integrate both platforms seamlessly.
Notably, the token outperformed Bitcoin by 11.54% and Ethereum by 41.70%. Its RSI score of 69.27 and current greed sentiment indicate the token might be set to experience an upsurge. $BEAM is $0.03421 today, with a 24-hour trading volume of $37,275,958. It shows a 5.20% price decline in the last 24 hours and an 8.88% increase in the past seven days. With a circulating supply of 52 Billion BEAM, it is valued at a market cap of $1,785,076,563.
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