Anyone who has been in the cryptocurrency community for a long time will tell you that ‘meme’ tokens and cryptocurrencies such as Dogecoin (DOGE) and Shiba Inu (SHIB) have exploded in terms of popularity in 2021. In fact, those who had invested in just these two canine-themed cryptocurrencies had managed to become millionaires seemingly overnight. Even Tesla CEO Elon Musk has often talked about his love for DOGE and how he actively supports it.
However, this does beg the question as to whether investing in these ‘meme’ tokens is worthwhile or not, as after all the cryptocurrency market is usually highly volatile and often unpredictable, and although certain tokens have managed to obtain astronomical gains, the same could be said about huge losses being suffered by those who were too late to the party or took in part in something that they didn’t fully understand. With that being said, one cryptocurrency by the name of Shar Pei (SHARPEI) looks to become the premier meme token that everyone should have in their portfolio.
What is SHARPEI?
Shar Pei refers to a wrinkly-skinned dog breed. Like both Dogecoin and Shiba Inu before it, this project looks to capitalise on the craze surrounding dog-themed cryptocurrencies and tokens. It is worth mentioning that Shar Pei’s team has no intention of making money from these meme tokens as they instead possess a strong vision to simply get along with the name itself.
As such, the starting point is a total supply of 100,000,000,000, half of which has already been locked up for the next few years. Having said that, 50,000,000,000 locked in for a period of 5 years looks like a good offer that investors can greatly benefit from. This also readily indicates that Shar Pei is predicated on fairness, which implies the lack of any seed sale or private sale, and it also involves a free launch. Moreover, it indicates that neither team tokens nor dev tokens are required when purchasing Shar Pei.
According to current statistics, the Shar Pei token coins had successfully launched just a few weeks ago, and it is now trending on CoinMarketCap which highlights the positive reception it has gotten in such a short period of time. Furthermore, regarding liquidity, 50,000,000,000 have been locked in for the next full year, and all of the tokens continue to circulate. Perhaps the most significant aspect about Shar Pei though is that users may keep up to millions to billions to even trillions in their wallet at any given time.
As far as meme tokens go, Shar Pei therefore appears to be the next big thing, with a market capitalization of $8,000,000 and 5,000 holders in just a few weeks in addition to a whopping 20,000% increase since its debut. More information about it can be found via its website, Twitter, and Telegram.
Do meme coins have a future?
As previously mentioned, cryptocurrencies can often be very unpredictable so this makes it difficult to ascertain as to whether meme tokens have a future or not. In fact, most of these projects are built on mostly hype and mainstream attention that results from celebrities endorsing them. Even Dogecoin, arguably the most famous meme cryptocurrency, had initially started out as a joke and its own creator (Jackson Palmer) could not have predicted the heights that his creation would eventually reach.
Regardless, countless traders and investors have already managed to gain massive profits thanks to timely investments in these sort of cryptocurrencies, and so it stands to reason that at least for the immediate time-being, meme tokens and coins are not going anywhere.
