The year 2021 saw the arrival in force of memecoin on the front of the stage. At the forefront of which we find the Dogecoin and its little brother the Shiba Inu. Doshi is the alliance between these two projects for a new token that has just been launched.
The alliance between Dogecoin and Shiba Inu
2021 marked the rise of Dogecoin and Shiba Inu. Both cryptocurrencies hit record highs in the wake of a community of enthusiasts hoping to hit the jackpot. Dogecoin notably rose from $0.008 at the end of 2020 to over $0.68 at its ATH. The same goes for the Shiba Inu, which is still the 15th largest capitalization in the sector with spectacular growth in 2021.
While some have been able to come out with substantial gains, these projects are very risky insofar as they are not based on much concrete. They can soar on good communication and fall just as quickly. They must therefore be approached with extreme caution.
Subsequently, we saw many projects like DogeElon, Floki and many others trying to reproduce this phenomenon without as much success.
Building a community to last
Doshi wants to build a strong community to enable it to endure over time and replicate the exploits of its predecessors. For this, the teams communicate on multiple social networks including Twitter where they organize spaces with the project team and members of the community every Monday.
WOW WHAT A CHART!
While the rest of the market is bleeding, Doshi gets more bullish by the day, now confirming a breakout of the trendline!☯️
— Doshi Official (@Doshi_Token) April 27, 2022
Doshi will also launch a play-to-earn game called Doshi GO next month. It will be a 3D Kart racing game that will allow you to challenge your friends. It’s one more element in building a strong community for the project.
The main mission described by the project teams is to bring communities together. This is what can make the difference between projects whose hype only lasts a few days or weeks to those that last, for the time being, like the Doge and the Shiba.
The future will tell if Doshi falls into this category or quickly falls into oblivion like many memecoins before him.