Are Investors Done With Dog-Based Meme Coins? Find out!

Dog Based Meme Coins Could Make a Strong Come-back in 2022
  • Dogecoin totaling more than 15 million was transferred.
  • Although Floki Inu has a striking resemblance to Elon Musk’s dog.

According to Dogecoin Whale Alert’s Twitter statistics, whales have sent over $15.5 million in Dogecoin to an anonymous wallet in the previous 24 hours. Dogecoin totaling more than 15 million were transferred in 14 separate transactions, with the biggest sum being more than 15 million Dogecoin at once.

It has been reported that the Mozilla Foundation, a non-profit organization that manages the Mozilla Corporation, which is behind several internet-related apps, including the popular Firefox web browser, would accept cryptocurrency contributions, including Dogecoin ($DOGE).

Through cooperation with BitPay, the top cryptocurrency payment processor, Mozilla announced its acceptance of cryptocurrency contributions on social media. Due to the volatile nature of cryptocurrency, donations are converted into US dollars.

Explosive 2022

Others feel that the days of dog-themed meme coins are numbered. At one point, Shiba Inu’s little investments grew into millions of dollars, but they point out that big gains tend to be greeted by corresponding reversals. As soon as Dogelon Mars is brought into the picture, the mood immediately changes. Although Floki Inu has a striking resemblance to Elon Musk’s dog, the initiative is unaffiliated with the Tesla CEO. In addition, as a payment token, it has had little influence.

As one of the three cryptocurrencies he confesses to owning along with Bitcoin and Ether, Dogecoin is more closely associated with Musk than Floki Inu.

On the other hand, Dogecoin’s payment token use case is seen as a failure. According to many, transaction costs for $DOGE are more expensive than those for XRP, the network isn’t very scalable, and retailers aren’t accepting it very broadly. Whatever people think, it seems that 2022 will be an explosive year for all cryptocurrencies, including dog-based meme coins, and they are here to stay.

A crypto enthusiast. Loves to write. Gives full dedication to every task assigned. Specializes in delivering on tight deadlines. An animal lover, especially dogs.