Dogecoin(DOGE) is a major crypto asset in the cryptocurrency market and is the largest memecoin, but new memecoins have written different narratives for themselves. Memecoins were perceived as coins with no utility–just internet memes, jokes, and a firm conviction that the price would go up. Yes, that is what it was. Dogecoin has no utility except for its really huge community trying to create innovative use cases that could make the token more valuable.
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-120x86.jpg)
New coins like Big Eyes(BIG) and several other memecoins have moved away from the no utility narrative. They have begun creating use cases that could serve the project’s community and help them create value. Understandably, Dogecoin does not have support for such use cases because it was created in a much earlier era
Big Eyes also takes a unique approach by not conforming to the template of creating dog-inspired memecoins. Several other projects tried to create something similar to doge by using a dog-inspired narrative. The only noteworthy outcome is Shiba Inu(SHIB), which also surpassed DOGE’s market capitalisation in November 2021. Other projects which have tried to replicate the success have failed at it.
Big Eyes takes a different approach and looks to be excelling at it, considering its presale success. It could be smart to buy the token off presale before it’s over.
Dogecoin(DOGE)
Dogecoin(DOGE) is the first memecoin in the cryptocurrency market. It was created at the time to make a joke of the current situation of the crypto landscape. Several other new cryptocurrencies then copied Bitcoin’s source code only to change the name and pretend they had just launched an original idea. It got so rampant that the developers thought to make a joke and created Dogecoin in about 3 hours.
It was the era of first-generation cryptocurrencies like Bitcoin (BTC) and Litecoin (LTC), which means they couldn’t do more than peer-to-peer transfers. It didn’t have…
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-350x250.jpg)
