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What Is AiDoge And Can It Really Rival The Success Of Memecoins

Published 13/06/2023, 13:43
© Reuters.  What Is AiDoge And Can It Really Rival The Success Of Memecoins

Benzinga - The cryptocurrency niche seems to have overcome the initial skepticism it was met with and it's no secret that it has grown in favour and evolved in unexpected ways, considering the core function of the very first digital currency (Bitcoin) and its initial goals. In 2013, four years after Bitcoin (CRYPTO: BTC) was launched, meme coins came into the fray and Dogecoin became the first community-driven alternative that wasn't made to be taken seriously at a time when digital finance was dominating the news.

An insight into Dogecoin Doge (CRYPTO: DOGE) has gone from being an affordable token that was used by meme fans in social media communities to a viable transactional asset that has held its own within the top 10 cryptocurrencies for the last five+ years.

Recently there has been some talk in the crypto niche of memecoins beginning to show signs of strain, as industry giants like Ethereum are driving change and newer crypto projects are bringing more and more innovative products and services to the table. There's one thing keeping Doge relevant in 2023 however; AiDoge.

What is AiDoge? It's true that meme coins could become obsolete in the current technological climate and as a result, the developers behind Dogecoin have been working behind the scenes with the latest AI technology to create a whole new service for their long-serving and new fans.

Drawing from their experience, the brains behind Dogecoin have now created a whole new memecoin, known as $AI, to go along with their revolutionary new platform AiDoge. Both are still in the pre-sale phase, but have already generated over 14 million dollars; surpassing the launch values of not only the parent currency, but also other predecessor memecoins.

With such a high level of interest, crypto and AI enthusiasts are pipping AiDoge to be one of the most significant projects to emerge in 2023.

What users can expect The AiDoge platform aims to better connect Doge’s existing community, by giving them a portal where they can share, save and even create their own memes using the potential offered by leading AI software. There will be a hall of fame for the top memes designed, and tokens will be awarded to those that game traction. These will also have the additional capability of being shared on platforms such as Reddit and Twitter, for even greater potential. In short, digital artists will be able to monetize their favorite pastime; sharing memes.

Not only will meme and Dogecoin fans be able to interact on a whole new level, but investors, traders and anyone hoping to get involved will be able to make use of the unique staking options provided by AiDoge’s native token. As the platform is proposing additional utilities to help the community thrive, provide some stability and ensure ongoing engagement, there are seemingly attractive aspects to consider for those who would like to generate a passive income from their crypto endeavors. While initial promotions of AiDoge have generated significant interest, it's worthwhile to note that Dogecoin price predictions have also seen a boost.

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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