Memecoin: Community spirit is the secret sauce for success
In the serious, overtly formal world of finance and trading, memecoins have successfully introduced a silver lining of humor—albeit in a very limited scope. Never had anyone thought before that one day they would be able to directly ‘trade’ fun for some serious profits.
Memecoins are necessarily community-driven coins that derive their value from social sharing; thus, members play a central role in the ecosystem.
Dogecoin: The leader of community-driven Meme Coins
When talking about memecoins, one name that naturally springs to mind is Dogecoin—a fun coin that gained immense popularity after the special interest of the tech giant, Elon Musk.
The coin originates from a Shiba Inu dog meme on the internet. Riding on its fun appeal, the coin immediately attracted the attention of the crypto community, especially millennials.
However, the big “wow” moment for Dogecoin came when the tech tycoon, Elon Musk, started taking a special interest in the coin and made it a regular element of his Twitter conversations. That said, the role of the community in making Dogecoin go viral can never be underestimated. Social media conversations, posts, and daily buzz played a huge role in enhancing Dogecoin’s hype and developing it into a sustainable reputation.
The role of the community in sustaining memecoins is quite obvious, as these coins depend on memes, and a meme’s success is determined by its virality and engagement. Especially during tough market situations, it is the community camaraderie that keeps memecoins buoyant and rebounding. In the case of Dogecoin, it is the seamless accessibility coupled with low value and high potential that has attracted many community members to show their support through active investing and engagement. Hence, Dogecoin succeeds not only in the form of transactions but also in terms of engagement.
Role of committed Floki Vikings in promoting Floki Inu Coin
In the context of memecoins, community members show support by purchasing these coins during the early stages.
Community members zealously engage with these coins on social media, share with friends, and spark conversations around them. It creates enough curiosity to convince others to buy these meme coins. In that sense, such early adopters can be called the organic brand ambassadors of these coins.
One more recent and finest example of the community’s role in promoting meme coins is Floki Inu. Titled Floki Vikings, this community comprises zealous fans who fully believe in its potential and engage themselves in social media campaigns to accelerate its popularity.
Along with sharing in the meme coin community, the Vikings also post Floki memes on relevant contemporary issues to enlarge its impact across a wide-ranging audience. Thanks to the Floki Vikings’ endeavors, once a lighthearted meme, the Floki Inu has started gaining a reputation as a high-potential meme coin.
Practical Utility: An indispensable element for sustaining the meme coin success
While social media virality can boost popularity, it is the real value that assures long-term benefits. That’s why Vikings are passionately working towards establishing the practical utility of the Floki token through a more nuanced approach, like its use in Valhalla NFT Metaverse Game, which means that the game’s popularity will inadvertently benefit the Floki token.
DogeMiyagi: Promoting fans to the ranks of decision-making roles
The involvement of a community at the admin level is almost indispensable for the success of a memecoin. For instance, in the case of DogeMiyagi, the deserving community members are empowered to propose/vote on updates and have their say in new projects and partnerships. It induces a feeling of ownership among community members and thus helps in taking the relationship to the next level.
DogeMiyagi elevates its community members to the ranks of the decision-making team through its DAO. This mechanism automatically integrates every Miyagi token holder into the decision-making process. Currently, in its presales stage, this Karate Kid film-inspired meme seems poised to make an impressive entry in the market.
Conclusion
Once regarded as fringe investment options, the meme coins have started gaining popularity. These light-hearted coins can translate into serious gains thanks to their high potential and affordable present valuation. Camaraderie among the community plays a key role in determining the success of any memecoin and they go beyond obvious to keep their community members happy and make them feel valued.
