Meme tokens first shot to fame with the success of Dogecoin (DOGE) which is built on a dedicated blockchain. Not all meme tokens are built on dedicated blockchains, however, such as a promising new protocol called RoboApe (RBA) which is launching soon on Ethereum. We review these two top meme token blockchains and protocols to help you to make an informed purchasing decision.
Dogecoin (DOGE) is Still The Number One Meme Token
Launched back in December 2013, Dogecoin (DOGE) has since become the most popular meme token cryptocurrency in the world and has the 11th largest market capitalization out of all cryptocurrencies. Its popularity inspired the creation of many other meme tokens resulting in the emergence of the meme token sector in cryptocurrency. Other meme tokens include Shiba Inu (SHIB), which is the second-largest meme token and has the 17th largest market capitalization overall.
Dogecoin (DOGE) earned huge popularity even though it has no direct utility or governance uses. Rather, Dogecoin (DOGE) is primarily used as a store of value and was minted on a dedicated blockchain. Like Bitcoin (BTC), Dogecoin (DOGE) is used for sending and receiving financial transactions, and the Dogecoin blockchain offers benefits over Bitcoin such as enhanced performance and reduced transaction fees.
Meme Token RoboApe (RBA) Will Stand the Test of Time
RoboApe (RBA) is a relative newcomer to the crypto space, a meme token that is currently in presale and will launch on August 29, 2022. It is the token of the RoboApe community-driven DeFi ecosystem, and unlike most of the top meme tokens, which are built on dedicated blockchains, RoboApe (RBA) is an ERC20 token on the Ethereum blockchain.
Unlike Dogecoin (DOGE) and many other meme tokens, (RBA) is a token that has utility and governance functions and an ecosystem. This ecosystem includes the RoboApe NFT Marketplace, upon which users can mint ‘RoboApe card’ NFTs for holding or selling by paying a fee in RoboApe (RBA) tokens. Holders of RBA tokens can also take part in time-limited NFT trading card minting activities. Another key feature of the ecosystem is the cross-chain swapping RoboApe Swap protocol.
Interoperability is one of the main advantages that a DeFi protocol can gain from being built on Ethereum as, according to the state of the DApps, there are currently over 2900 dApps built on Ethereum. There are also over 542,000 ERC20 token smart contracts on Ethereum according to Etherscan.
These Meme Tokens Are Resilient and Future-Proof
Dogecoin (DOGE) has retained its position as the most popular meme token since launching in the relatively early days of cryptocurrency in 2013. Like Bitcoin (BTC), Dogecoin (DOGE) is not likely to be going anywhere any time soon and its continued community support will help to ensure that.
Meanwhile, newcomer RoboApe (RBA) presents an opportunity for a possible high return on investment and the token is currently available to purchase in presale. RBA will launch after the presale concludes on exchanges when the price will be influenced by the secondary markets.
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