Meme Coins Shiba Inu (SHIB) and Dogecoin (DOGE) Surge Ahead of Seesaw Protocol (SSW) Presale
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2021 was the year of meme coins. Almost all major and well-established cryptocurrencies hit all-time highs, with Bitcoin (BTC) surging from USD 29,376.46 to a peak of USD 68,789.63 in November 2021, and Ethereum (ETH) going from USD 737.71 in January 2021 to reach its current highest price of USD 4,891.70. These are increases of 134% and 563% respectively.
Meme coins came from relative obscurity to increase in record numbers. Dogecoin (DOGE) and Shiba Inu (SHIB) made giant gains and found themselves approaching the top 10 coins when ranked by market cap. Dogecoin started the year at USD 0.004681, shooting up by over 15000% to USD 0.7376. Despite this being a huge price increase, Shiba Inu’s gains made DOGE look relatively insignificant, and increased over 70,000,000%, making millionaires out of its early investors. Gains like these are the target of the soon to be released Seesaw Protocol (SSW).
The end of 2021 saw a number of sustained dips in the crypto market. Dogecoin was not immune from this, and it fell to a 30 day low of USD 0.1398, a fall of 80% on its all-time high. The middle of January 2022 has seen a slight recovery from many major crypto assets. As of the 13th of January, Dogecoin had increased by almost 6% in a 24 hour period and is currently at USD 0.1656
This rally has come without the help of a tweet from Elon Musk. Musk, founded and CEO of Tesla, has arguably been largely responsible for the continued success of DOGE. Musk’s semi-regular tweets endorsing Dogecoin have caused a large rise in the valuation of DOGE as his followers rush to invest. This has, understandably, drawn a certain amount of criticism from those who
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