Thanks to Elon Musk and a community of memelords, Dogecoin is the hottest meme cryptocurrency right now. In fact, people are so confident in Dogecoin’s potential that the coin is predicted to hit $1 in less than a year.
However, did you know that Dogecoin is not the only dog crypto in the market? Here’s a list of dog-inspired meme cryptos other than Dogecoin.
Dubbed as the “DOGE killer,” this token is viewed as the dog crypto alternative that is threatening Dogecoin’s dominance. Launched in August 2020, Shiba Inu Token is an Ethereum-based cryptocurrency that “allows users to hold billions or even trillions of them” due to its extremely low price, which is around $0.000009 at this time of writing.
Thanks to doggo crypto lovers, Shiba Inu Token has a market capitalization of over $5 billion. It is such a hit in India that Ethereum co-founder Vitalik Buterin donated 50 trillion Shiba Inu Tokens to India’s COVID-crypto relief fund to buy oxygen cylinders and oxygen concentrators.
Developers behind Shiba Inu Token are planning for the launch of a dedicated trading platform, ShibaSwap for the token. So for now, to buy and swap Shiba Inu Token, you have to first buy Ethereum on Uniswap.
“Little meme. Big dreams.” Kishu Inu was launched in April 2021 as “a decentralized meme project with a true purpose.” The dog crypto’s highlight feature is that for every transaction on its network, existing holders automatically earn two percent from the transaction.
Like Shiba Inu, Kishu Inu is also powered by Ethereum and trading on Kishu Swap, which is powered by Uniswap. It is stored in the MetaMask wallet.
In addition to Kishu Inu, developers behind the token have ambitious plans to expand into the NFT market with Kishu Crate. For fans of the token, a merchandise store called Kishu Swag is also coming soon.
To thank the developers of Shiba Inu for “laying the groundwork for DeFi community building,” a community of meme crypto lovers has come together to launch Dogey-Inu on Ethereum.
Dogey-Inu has a 60 percent coin burn. “Coin burning” is the process of removing the supply of a cryptocurrency in the market to retain value. Dogey-Inu claims that its 60 percent coin burn rate “allows for greater price appreciation, larger market cap, and less ability for any one party to rug-pull you.”
The process of buying and trading Dogey-Inu is pretty much the same as Shiba Inu and Kishu Inu. Users have to visit Uniswap and buy Ethereum to begin trading. Like Shiba Inu and Kishu Inu, Dogey-Inu is also stored in the MetaMask wallet.
Are Doggo Cryptos Worth the Investment?
Since Dogecoin went mainstream, a slew of dog-inspired cryptos are riding the wave of doggo fever in the cryptocurrency market. It is understandable why dog-themed cryptos are gaining so much momentum as altcoins: they boast cute designs, and their meme-worthy content is a breath of fresh air from the “seriousness” of crypto trading.
Investing in doggo cryptos could be a fun thing to do, but as with all cryptocurrency investments, these coins are extremely volatile. So, again, make sure you conduct plenty of research before delving into doggo cryptos.
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