User:Niki957/sandbox

PixelShepherd is a decentralized meme-coin built on Polygon which was created in February 2020 by its founder, Nevin. Its goal is to create a seamless Defi platform on the polygon chain. Polygon is the leading L2 solution on Ethereum. It aims to scale Eth and onboard institutions and retailers to its Defi Tech. This was said precisely by the CEO — Sandeep: “Getting 1bn users in Web3 is the goal of my life,”. This obviously will be achieved via Polygon. Low fees, fast transactions, and privacy are the common features of Polygon.

It is known that German Shepherds are famous for their intelligence, loyalty, hard work, and versatility. These attributes will also be found in the project. Pixel Shepherd aims to stand out from all other meme-coins and bring something unique to the table. Pixel Shepherd currently has 175 hodlers as it’s still an early project created in February with no marketing yet. It has a total supply of 100B tokens.

The 2021 explosion of meme-coins led to an investor-mindset change in cryptocurrency. Before 2021, coins with no real use case weren’t sought after as institutional and retail investors betted on defi, gaming, privacy coins, etc. But, things changed — Elon Musk, the world’s richest man, endorsed a meme-coin; Dogecoin. He tweeted regularly about it and how it’d take over cryptocurrency and this pumped the price as investors invested in the thoughts of the world’s richest man. This had a huge impact on the crypto community as the price of Dogecoin kept rising even with much fud on it. Dogecoin gained so much popularity and had its peak when Elon Musk was interviewed at SNL (Saturday Night Live) last year. Regardless, other meme-coins like Floki Inu, Elon, BabyDoge, Polydoge, and Shiba Inu have risen in value and importance — the latter has a market cap of $16billion, making it the 15th cryptocurrency by market capitalization below Dogecoin, which has a market cap of $19billion and ranks 12th.