A dog picture called Dogwifhat became very popular and many people started to buy it, making its value go up a lot. It is seen as a rival to another popular dog picture called Shiba Inu. People are excited about this because they think these pictures are funny and want to make money from them. Read from source...
- The title of the article is misleading and sensationalist, implying that Dogwifhat is a direct competitor or "killer" of Shiba Inu, while it is just another meme coin with a similar theme.
- The article uses terms like "era of the meme coin", "magical", "masterclass on how to build a cult", and quotes from celebrities and influencers who are not experts in crypto or finance, suggesting that the article is more focused on generating hype and attention rather than providing objective analysis.
- The article relies heavily on trading volume and market capitalization as metrics to evaluate the performance and value of meme coins, without considering other factors such as liquidity, volatility, fundamentals, adoption, or use cases. This gives a distorted and superficial picture of the market and its potential prospects.
- The article does not provide any context or background information about Dogwifhat, WIF, or Shiba Inu, such as their origins, purpose, community, or development roadmap, making it difficult for readers to understand what they are and why they might be interesting or valuable.
- The article does not mention any potential risks or challenges that meme coins face, such as regulatory issues, competition, security breaches, hacking, fraud, or loss of interest from investors, which could negatively impact their value and performance in the future.