Meme coins are a roaring sector within the crypto market. Initially, meme coins were seen as a joke, but gradually over time, this sector is now taken more seriously, whilst allowing users to enjoy themselves. Dogecoin (DOGE) and Shiba Inu (SHIB) are two of the biggest meme coins in the market, but one that is set to launch soon is Kitsoonay (KITS), and it seems as if it can match the same level of success as DOGE and SHIB.
How Did Dogecoin Come To Be?
Dogecoin officially launched in 2013 as the first-ever meme coin. Created as a joke, it had no intention of providing users with any utility or purpose. As it was launched at a time when cryptocurrency was frowned upon, and society did not understand the basics of crypto or its potential, the creators of Dogecoin were making a joke out of the crypto market as a whole. However, over the years, it began to see big success as Elon Musk, the richest man in the world, even publicly shared that he held DOGE tokens. When this news was tweeted by Elon Musk himself, this resulted in a surge for Dogecoin. Ever since Dogecoin has been doing well and is currently ranked 10th by market capitalisation at the time of writing.
Shiba Inu Followed Dogecoin’s Footsteps
Shiba Inu is the second-largest meme coin in the market and was launched with the intention of following the success of Dogecoin. There are many similarities between the two coins, including being dog coins as their logos are of Shiba Inu dogs. Another similarity they share is the reason for their popularity being credited to Elon Musk. When Musk bought a new pet, a Shiba Inu, he used Twitter to share this information, which led to an increase in Shiba Inu’s popularity, even though Musk is not known to own any SHIB tokens himself. However, this proves the influence Musk has over the crypto community.
Ever since, Shiba Inu has maintained its success and is currently ranked 12th by market capitalisation at the time of writing.
Is Kitsoonay On The Same Path?
Kitsoonay is a new meme coin to enter the market and is currently in presale. Whilst it may be aiming for the same levels of success as Dogecoin and Shiba Inu, it is very different from these meme coins. Dogecoin and Shiba Inu do not have a purpose as meme coin, however, Kitsoonay acts as an approachable platform with a friendly community to help bring users into the world of DeFi. For quite some time in the crypto space, users have had the idea that DeFi can be quite difficult to master; however, Kitsoonay aims to change this. This will be made possible with Kitsoonay’s user-friendly features as it will become easier for users to trade, lend, borrow, and more. Offering more than DOGE and SHIB INU by targeting DeFi within the meme coin sector, Kitsoonay seems to have a lot of potential for success.
Learn more about Kitsoonay (KITS) here:
Presale: https://soon.kitsoonay.io/register
Website: https://kitsoonay.io
Telegram: https://t.me/KitsoonayOfficial