2023 Looks Very Promising For Meme Coins DOGE And SHIB

The price of Shiba Inu (SHIB) has skyrocketed since it was introduced to the market. Musk’s backing of another meme coin named Dogecoin (DOGE) has a similar effect on the token’s price. Now people want to know: what will happen to these meme coins in 2023.

SHIB has always stood out from the other meme coins in the market because of its popularity as transactional money and the development of its own metaverse. Adding to SHIB’s attractiveness is the fact that the group is planning on adding several improvements to the SHIB environment.

Shibarium, which is their Layer-2 solution, was created to help grow the network and to make it more suitable for regular payments. This could seriously aid adoption as transaction costs would be reduced.

In 2023, it is also expected that SHIB NFT games will become popular and draw many more people to the metaverse. All of these developments point to a bright 2023 for SHIB with higher prices and more value.

Musk always mentioned DOGE when asked what his preferable meme coin is. It seems like he will continue to do this in 2023. On various occasions, the Tesla CEO pointed out that DOGE is very quickly becoming the go-to option for instant payments.

The Tesla CEO also added that DOGE will inspire SpaceX to launch a satellite with the same name. This will also be the very first space expedition that will be funded solely by crypto. In the coming years, Musk and DOGE fans believe there will be many more applications for the meme coin.

Some people go as far as to say that DOGE could replace all other currencies, which could only mean good things are awaiting DOGE in 2023.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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