Blockchain technology has been interesting with amazing opportunities since its launch and one of the fun aspects of the technology is #memecoin🚀🚀🚀 . However, memecoin seems complicated regarding what is driving its price action. Let's check out some information about this type of Cryptocurrency.

The Overview of Memecoin
Memecoin is a type of coin named after individuals, animals, artwork, and characters. In 2013, Dogecoin ($DOGE ) was created by two IBM engineers with no utility other than fun. The engineers used the Doge meme and we also sighted how Shiba Inu went viral on the internet.
Additionally, in 2021 a group of investors using Reddit and some other social media platforms began to promote the world's largest game retailer (#GameStop ). Elon Musk joined this promotion by tweeting the word "Gamestonk", this singular act was linked to WallStreetBets which made GameStop stock receive a dramatic increase in price, volume, and volatility coupled with the interest of investors increasing.
As of the time of this article, the market capitalization of meme coins according to CMC is $37.5B, what a huge amount of money, still creation of these coins is for fun.

When Social Mining Meets MemeCoin
In recent times, we've seen how content creators positioned themselves to plugin their Twitter account to different #SocialMining platforms to create quality content daily which allows them to earn stablecoin, different cryptocurrencies depending on the platform they connect with, an idea is powered by DAOLabs. You can read further......https://daolabs.com
Social Miners will continue to reveal the characteristics of meme coins concerning what they are missing and also send a caution notification to investors. There are advantages and disadvantages meme tokens have brought to the crypto space.
Let's Check Some of this:
Meme Token Design
Majority of meme tokens have no real business nor utility.
Price Action
The nature of cryptocurrency is price volatility and meme coins also have this characteristic and thereby earning a profit if value rises is one of the attributes of the coin.Memecoin is known for pump-and-dump scams, hence caution when investing is usually advised.Memecoin can be technologically complex for some users as this has no utility around it.
Research has shown that the existence of meme coins and their return patterns challenge traditional finance theories. Without any fundamental value, the majority of meme coins have a very short life, and millions of investors are attracted to such assets with billions of trading volume.
In my study, #Dogechain a layer 2 blockchain launched 2 years ago introduced more utilities to supercharge the Dogecoin community. Dogecoin the first meme coin had only one utility which is payment and Dogechain allows hodlers of $DOGE to leverage DeFi, NFTs, and GameFi solutions. Read more: https://dogechain.dog
Memecoins have started receiving the backing of celebrities but the question is, is this for real or they are faking it to bag some money out of the market? We experienced a huge price increase in the $DJT token, based on the Solana due to rumors of its connection to the Trump family, now the token is down. Yes, Memecoin is far from betraying what crypto stands for, as I believe they are at the heart of innovation and disruption. The technology around these coins is a financial instrument that is shaped by culture, community, and social media. They have offered an opportunity to common people who have not traditionally had much access to markets to win extraordinary money, but this comes with huge risks as you can lose your money.
Call To Action
There is a big risk when investing in Memecoin, though they are a reflection of how innovation can change everything and an example of how curious financial experiments can echo other forms of art. Venture into opportunity with less or no risk solidifies the position of newbies coming into the crypto market and Social Mining can serve as the gateway that leads to this opportunity. It is better to start your movement gradually and steadily than rush in and rush out because when investing in Memecoiin, don't put in more than you can afford to lose. But the chance is slim, that speaks about picking the next big coin before online fans send it “to the moon,” this can make you become the next crypto millionaire. When delaying with MEMECOIN process with serious caution make sure you do your research.
Reference Links
https://daolabs.comhttps://coinmarketcap.com/view/memes/https://dogechain.dog

The beginning of #memecoin🚀🚀🚀 started with $DOGE and since it's launched, it remains Dogecoin with one utility: Payment.

Until the launch of #Dogechain interacting with DeFi, NFTs, and GameFi, is not possible for DOGE holders. After it's launched, Dogechain supercharged the entire Dogecoin and its chain allows bridging easily and maximizing the power of Web3.
In recent discussions on the official telegram, questions were raised about why Dogechain should be at the forefront of knowing the technology around it. Using #Polygon infrastructure, all holders of DOGE can interact with smart contracts and record their daily rewards.
How about DAPps building on the chain?
Here, many DApps have already been launched on the chain, and since the cost of launching DApp on the chain is affordable, DOGE holders can connect with as many DApps as they want.
Are you thinking of Rug Pull?
I will agree with you that, when the fee to launch a token on the chain is cheap, spam, rug pull of projects is inevitable. Dogechain is built for community and with this strong community, there is what is called pick up or takeover. The project is taking over by community and record of Rug pool can not be found as the error will be taken over by the community.
Sound interesting?
It's important to get the full information about DOGECHAIN as the testnet for #Polygon zkEVM is presently in testnet. Search Dogechain and read through the information.
You can drop a comment if you need a guide.

The crypto market is beginning to have some positive movement in terms of price action but are we there already?

Again, some major blockchains are releasing upgrades, partnerships, and solutions that tackle major real-world problems and the layer-2 blockchain #Dogechain has been receiving more mainstream traction than ever, following the utility provided to the original meme coin (#Dogecoin ).

In case you are still new to Dogechain, let's look into some information about the chain.

Blockchain (Pixabay)

Dogechain Surcharged Dogecoin

Dogecoin $DOGE has very limited access to decentralized applications as it remains a great payment cryptocurrency that cannot facilitate smart contracts and the blockchain/crypto industry is absorbing different people into space in which they keep searching for how to make passive income, have fun and earn why they do so, this is what Dogechain sighted and place #DOGE hodlers in a competitive environment in order to advance the use case around the coin. With Dogechain, Dogecoin holders can now do more than simply hodl and wait for Dogecoin to moon!

When you check the white paper on the project via its official website, it actually imbues Doge with superpowers and plugs it into DeFi, NFTs, games, and more!

How Does This Happen?

Dogechain leverages on a #Polygon edge solution to become a layer-2 blockchain and by wrapping the existing $DOGE , it is easy to use as gas and supercharges it with DeFi, NFT, and blockchain games capability.

As we have the likes of #Binance smart chain with a scalable solution, Dogechain also provides this to all DOGE coin hodlers and the experience has been a fast one in terms of transaction coupled with a low gas fee.

20th of April 2023, tokenomics improvements that come with token burn information were released and its entire community is waiting for the build-a-doge factory which is scheduled for the 26th of April 2023.

The crypto space will keep expanding and releasing to us a seamless way of interacting with an existing solution or token. It's dogechain today, get more information about this chain and do your own research.

Just some days ago, #Dogechain engaged in blockchain discussion with her community as a layer 2 using #Polygon edge as its infrastructure to bring $DOGE holders closer to DeFi, NFTs, & GameFi to mention but few.
We understand that $DOGE can only be used for one thing which is payment and with the huge community around the coin, there is a need to provide a solution that will accommodate the holders into more opportunities, this is where Dogechain comes in.
The Dogechain community is growing on a daily basis and at the moment the categories of Dapps on its network are as follows:
DeFi Applications: Examples of the projects under this radar are, Kibble Swap, Quick Swap, Wojak Finance, Yode Swap and there is more. On this App, holder of DOGE can easily swap their access on the app and enjoy staking with maximum profit.NFTs Application: Examples of applications on this radar are, DOGE Ape Club, DOGE bear, Bored DOGE Kennel Club, Ape Punks and moreTool Applications: Examples of applications here is, Airlyft, Doge Tools, Floki Finance Locker, Dogeshiba and moreGame Applications: We have Cyber Arena, Dogira, Cashino, Doge Bets and more
There are still more applications like DAO, Bridge and others.
Knowing that Dogechain use the power of Polygon to make thing happen for DOGE holder, is now working towards the use of zkEVM to launch in Dogechain zkEVM as it was discussed in one of the tweet spaces. To enjoy every activity around Dogechain, don't miss the weekly Twitter space discussion is usually every Friday 5 PM UTC on the official Twitter account.
About Dogechain
Dogechain is a new blockchain entirely built and designed to be community-driven. No VCs, no big promises that we can't keep, such as 1 Trillion Transactions Per Second powered by a world-changing consensus algorithm. We're an honest project that simply seeks to bring blockchain applications to the Dogecoin community!
$DC tokens is the official token of the chain and it enable users to partake in proof of stake governance.