As the newest meme coin on the market, Mehracki Token (MKI) is attempting to go in a different direction compared to its predecessors Dogecoin (DOGE) and Shiba Inu (SHIB).
With an emphasis on worrying less and enjoying the cryptocurrency space more, Mehracki attempts to be a breath of fresh air in the industry.
As a community-driven meme coin, many may ask what exactly Mehracki Token is?
Users can use Mehracki for fast, cheap, and secure transactions as well as earn 15% APY for staking for a minimum of 30 days.
Mehracki Token (MKI) is a different type of cryptocurrency
Some cryptocurrencies may copy each other in terms of their principles as well as aims and objectives but Mehracki Token (MKI) has written its own path in the crypto industry.
As a community-driven meme coin, Mehracki intends to create a system where active holders of MKI tokens will control the platform.
These users can send in proposals for changes in the operation of the Mehracki platform and vote, should there be a tie in a decision to be made by the core team.
The three principles that Mehracki stands for are transparency and trust, being a community-based platform, as well as establishing the long-term development of the ecosystem.
Mehracki’s smart contracts are audited as well as being safe and secure transactions.
There are nominal transaction fees and the project is community-driven, meaning that MKI holders make the decisions regarding the direction in which Mehracki will go in.
Phase one of Mehracki’s plan includes project planning, its smart contract deployment and audit by Certik, as well as the first campaign and branding exercise.
With Mehracki launching its presale soon, how could you not consider investing in a cryptocurrency that aims to bring a sense of happiness and joy to an industry that may not experience much of it?
Could Shiba Inu (SHIB) become the new Terra (LUNA)
The complete collapse of Terra (LUNA), a project that was a perennial top 10 cryptocurrency in the world, according to data from CoinMarketCap, has shocked the crypto world to its core.
The fact that Terra effectively disintegrated over several days begs the question, could this happen to any cryptocurrency?
One crypto that was a popular answer to the aforementioned question was Shiba Inu (SHIB), the 15th biggest cryptocurrency in the world, according to data from CoinMarketCap.
Originally a meme coin, Shiba Inu exploded with popularity in 2021 and soon became one of the biggest cryptos in the world.
Shiba Inu (SHIB) hit its all-time high of $0.00008616 in October 2021 but SHIB is now a shadow of itself after dropping over 86% to a current price of $0.00001201, at this time of writing.
A lack of use cases has meant that people have been selling off their SHIB holdings in the past few months, contributing to its poor market performance.
Another reason why Shiba Inu could be in potential danger is the increasing success of Bitgert.
The Bitgert team is in the process of expanding its ecosystem that already ranges between DeFi, NFTs and Web3 products.
Bitgert has also built its own blockchain, the BRC20 blockchain, whilst Shiba Inu continues to run on the Ethereum blockchain.