Shiba Inu and Dogecoin: Beyond the meme, is there a real use case?
Beyond the joke, memecoins offer real utility as a gateway to the crypto world. The initial use case of Dogecoin was for "tipping" on social media, a way to reward content creators or other users for their work. This simple act of giving digital money playfully and without pretensions cemented its place as a currency of the people. Over time, its use has expanded. Large and small companies have begun to accept it as a payment method, from grocery stores to even some technology companies, demonstrating that its value, although volatile, has commercial utility. The charitable spirit of the Dogecoin community, which has funded causes like bringing a Jamaican bobsleigh team to the Olympics, is a testament to how meme culture can translate into actions with social impact.
Shiba Inu, for its part, was born in the shadows of Dogecoin, calling itself the "Dogecoin Killer." Unlike Dogecoin, which has its own blockchain, Shiba Inu was built as a token on the Ethereum network, allowing it to leverage the vast ecosystem of smart contracts of the latter.