Dogecoin began as a joke in 2013 in reaction to a meme, but as time passed, its potential for development enticed crypto enthusiasts to invest in it. It is currently one of the top ten cryptocurrencies on the market. Tesla Inc, the Dallas Mavericks, Mark Cuban’s owner, and rapper Snoop Dogg were among the celebrities who endorsed the cryptocurrency. As a result, there are a slew of Dogecoin killers that have come up. These meme tokens have strong social media communities that aim to keep them decentralized. Are they going to overtake Dogecoin?
In this article, we will discuss the top 5 Dogecoin killers to invest in. While we believe they’re sound investments, we are not providing expert financial advice, and anybody who purchases anything we recommend is solely responsible for any funds earned or lost.
1. Shiba Inu (SHIB)
Shiba Inu is a cryptocurrency created in 2020 by an anonymous developer named Ryoshi. Its team has created Shibaswap, a decentralized exchange with two new currencies, LEASH, and BONE. LEASH is a limited-supply token used on Shibaswap to provide incentives. BONE is the governance token that allows Doggy DAO holders to vote on ideas.
The coin was just listed on Kraken, which has helped it gain even more traction. Additionally, beginning this quarter, AMC (NYSE: AMC) will take Shiba Inu as payment. SHIB’s financial backers, such as Bigger Entertainment, have been effective in minimizing supply in recent months by giving millions of SHIB.
The coin has captured mainstream attention as a meme coin, and investors have started investing in it. It had an all-time high price of $0.000084 on October 28th, 2021. That’s a 150,000,000% rise from August 2020, when it was first released. It is expanding at a quicker rate than Dogecoin and will soon overtake it in terms of market capitalization.
2. Dogelon Mars (ELON)
The Dogelon Mars coin, which was launched in April 2021, is based on numerous cryptocurrency memes at the same time. It refers to Dogecoin and Elon Musk, with Mars alluding to the myth that fast-rising coins would go “to the moon.”
Dogelon Mars, like other meme currencies, has an anonymous development staff. With one quadrillion tokens created and 555.6 billion in circulation, it has a huge token supply. The rest of the coins were sent to Vitalik Buterin’s wallet for burning.
It has swiftly become one of the most sought-after coins on today’s cryptocurrency exchanges due to its rapid rise in value. The rationale is understandable. Elon Musk has been generating news for years, and it appears that he has finally settled for electric vehicle visionary and a crypto enthusiast.
Elon Musk’s goal of colonizing Mars has inspired the Dogelon team, who are selling their cryptocurrency as an interplanetary currency. It’s currently one of the most popular meme coins in the crypto world, and it’s on the verge of overtaking Dogecoin.
3. DogeDash (DOGEDASH)
DogeDash is a play-to-earn (P2E) cryptocurrency that is based on the Binance Smart Chain (BSC) network and takes inspiration from the Super Mario and Sonic games of the 1990s. Players must sprint while collecting coins along the way.
DogeDash’s main goal is to get more people into the crypto gaming market by bringing back fun and nostalgia for early players who want to relive their childhood memories. Paul, a crypto enthusiast, launched DogeDash, which is backed by a young development team.
Kids play it without difficulty if they’re looking forward to an adventure. Adults who simply want some peaceful relaxation time away from their hectic life can pick it up as well. DogeDash is hoping to profit from this nostalgia.
The game involves dashing through ten levels of fast-paced running while collecting coins for a chance to win big. The coins you acquire will then be added to your wallet. As a result, you will receive a nice reward for playing this game. The game’s coin market valuation is rapidly expanding, and it will soon overtake Dogecoin.
4. Samoyedcoin (SAMO)
Samoyedcoin is a popular meme coin from the Solana blockchain’s stables. Samoyed Coin was founded by Sam Bankman-Fried, a well-known Solana supporter and proprietor of the FTX crypto exchange, and Anatoly Yakovenko, the founder of Solana. Due to its fundamental objective of onboarding more users into the crypto realm through a fun-themed digital asset, the Samoyed currency has become a popular meme coin on the Solana blockchain as well as the larger crypto market.
The funny cryptocurrency, on the other hand, concentrates on attracting new Solana users, educating market participants, forging personal connections, and assisting token holders in maximizing their potential return. It has all of the benefits of Solana’s blockchain (high scalability, high speed, low fees) while still being a fun cryptocurrency to trade; therefore, it will most certainly surpass Dogecoin.
5. Kishu Inu (KISHU)
Kishu Inu is the latest in a long line of dog joke coins. The project is decentralized and backed by a community dedicated to helping the token develop. With its ERC-20 token, it operates on a decentralized model. Everything revolves around KISHU. Exclusive awards, NFTs, merchandising, swapping, and many other benefits are available to project participants.
KISHU created history by surpassing a $2 billion market cap and over 100,000 holders within the first month of its launch. This was a first for a project of its kind, and it demonstrated the world’s faith in the project. It aims to be more than simply another meme coin that would fade away with the passing trend by providing transparency, trust, and longevity to its holders; that is why it is likely to overtake Dogecoin.
Summary
Dogecoin killers grew in popularity in 2021, thanks mainly to social media and celebrity publicity. They are usually coins that have no real-world application and whose value fluctuates primarily due to media hype. As 2022 begins, crypto experts foresee them remaining a crucial part of the blockchain ecosystem. Dogelon Mars, Shiba Inu, DogeDash, Samoyedcoin, and Kishu Inu are the top cryptos that are likely to overtake Dogecoin.
