Cryptocurrencies often fall victim to the unpredictable nature of the market. However, some cryptocurrencies implement strategies to try to manage the volatility of the crypto scene. Dogecoin (DOGE), Doge Miyagi (MIYAGI) and Ethereum (ETH) show their methods for handling the madness.
Dogecoin: the mother of all memes
Dogecoin is the mother of all meme coins, originally launched in 2013, which is why it has been reigning supreme on the crypto meme scene for a decade. Based on a 2009 meme showing a Shiba Inu dog looking suspiciously at the camera. The meme sparked a flurry of recreations and variations of the meme, which swept the internet in the early 2010s. It was then that Billy Markus and Jackson Palmer saw the perfect opportunity to capitalize on the success of the meme, thus creating the Dogecoin meme coin. They decided that because memes can reach spaces of the internet that most cryptocurrencies cannot, this will certainly pique the interest of people who don't usually pay attention to the world of cryptocurrencies.
However, the world of cryptocurrency can be cruel, the unpredictability of the industry often deters potential investors. One way that Dogecoin manages volatility is through its large and dedicated community. The Dogecoin community strongly believes in the coin and actively promotes its use and adoption. This community support creates a level of stability as users hold and transact Dogecoin, which can help mitigate drastic price swings. The great popularity of Dogecoin has led to increased liquidity in the market. The increased liquidity makes it easy to buy and sell Dogecoin without causing significant price disruptions. This liquidity helps provide stability during periods of market volatility, as there is a constant flow of buyers and sellers.
Top Blockchain Platform: Ethereum
Ethereum's purpose was to be an improved version of the first cryptocurrency, Bitcoin (BTC). The Ethereum blockchain was the first to enable decentralized applications, or DApps, as well as smart contracts. It single-handedly sparked the Web3 revolution.
One way that Ethereum addresses volatility is through its underlying technology and smart contract functionality. Ethereum allows developers to create decentralized applications (dApps) and execute programmable transactions through smart contracts. These contracts are self-executing agreements with pre-defined rules, eliminating the need for intermediaries. By using smart contracts, Ethereum facilitates secure and automated transactions, reducing the impact of market volatility on individual transactions. On top of this, Ethereum's vibrant ecosystem and widespread adoption contribute to its resilience in the face of volatility. As one of the best cryptocurrencies, Ethereum has gained significant recognition and support from developers, investors, and businesses.
DogeMiyagi Sustainability Strategies
DogeMiyagi is a new meme coin on the market that tries to combine the success of meme coins, martial arts, and hit karate movies. Mr DogeMiyagi is inspired by the character Mr Miyagi from the hit movie The Karate Kid. But it's not just about movies, it's also about making moves in the right direction to ensure the success of cryptocurrency.
Mr. DogeMiyagi is a wise man, he has been around a long time and understands how unpredictable things can be in the crypto space. This is exactly why Mr. DogeMiyagi intends to approach the market in his own special way. DogeMiyagi plans to speculate on the market before making any bold moves, this way he can learn from all the meme coins that have come before and understand how they have run the market. To ensure the success of the $MIYAGI token, Mr. DogeMiyagi says "First learn to stand, then learn to fly." basically saying that it is important to listen and learn before acting.
Users can exchange their MIYAGI tokens for any other cryptocurrency using the Killer Swap Machine, powered by UniSwap. Also, soon to be available Dogemiyagi NFTs promise to give users more options than just the standard token avatars of dog memes. Users can connect their wallets and can receive a unique referral code that they can share with their friends. They then get a 10% commission on their investment for bringing another person into the DogeMiyagi community. So everyone is a winner!
For more information on DogeMiyagi, please visit:
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyag
