Dogecoin, Shiba Inu’s Battle for Supremacy Puts Spotlight on Lesser-Known Dog-Coins


Dogecoin (DOGE) and Shiba Inu (SHIB) are going hammer and tong at one another this week to be the highest canine. While Shiba Inu’s valuation has gone up 160 % over the previous seven days in line with CoinMarketCap, Dogecoin has risen to the problem, rising 29 % over the previous 24 hours alone. Crypto market analysts have documented a rotation of capital from prime cryptos to dog-themed cash because the market will get overheated. The prime three cryptocurrencies by market capitalization have suffered a drop in worth as dog-coins seize the eye of retail merchants.

The purpose we aren’t simply naming SHIB and DOGE instantly is that there is are a flurry of different cash buying and selling within the inexperienced amid the dog-themed coin craze. Here’s a have a look at among the different lesser-known Dogecoin rivals which have been seeing a variety of buying and selling exercise of late.

Samoyedcoin (SAMO)

Topping the acquire charts on CoinMarketCap over the previous week is a meme coin most of us have not heard about — and in contrast to most DOGE-copycats, it would not have a Shiba Inu-themed title both.

Samoyedcoin (SAMO) is a meme coin created by Solana and was impressed by a canine breed named Samoyed, which is a hybrid breed of canine. SAMO is a cryptocurrency that goals to enchantment to non-believers, simply as Solana’s group is already rising.

The meme coin’s worth has risen in triple-digit percentages over the previous couple of days and is down by solely 8.45 % over the previous 24 hours. The meme coin has a market capitalisation of round $442 million (roughly Rs. 3,313 crore) and is at the moment buying and selling at $0.14 (roughly Rs. 11).

Floki Inu (FLOKI)

Floki Inu coin is an altcoin impressed instantly by Elon Musk’s Shiba Inu-breed pet, named “Floki.” The crypto-assets website claims the coin was created by fans and members of the Shiba Inu community. The website reads: “Floki Inu is inspired by #DogeFather Elon Musk’s very own Shiba Inu.”

The digital coin’s platform additionally claims to be the one cryptocurrency venture official partnered with “#DogeFather’s brother Kimbal Musk’s Million Garden’s Movement.” The Floki Inu web site stated the coin represents a “motion” and will have three utility projects: an NFT gaming metaverse called Valhalla, an NFT and a merchandise marketplace called ‘FlokiPlaces’, and a content/education platform known as ‘Floki Inuversity’.

The meme coin has a market capitalisation of around $1,980 million (roughly Rs. 14,841 crore) and is currently trading at $0.0002155 (roughly Rs. 0.01616).

Dogelon Mars (ELON)

Dogelon Mars is an Ethereum-based crypto using the ERC-20 token standard. The meme coin was born out of a joke and makes references to Elon Musk, Dogecoin, and the planet Mars. On its official website, Dogelon Mars promises to become an “interplanetary foreign money” among other extreme presumptions — clearly living up to its billing of a “meme coin”.

For now, though, despite having found some buyers there isn’t much reason to see Dogelon as a viable cryptocurrency. But that isn’t stopping people from making a lot of money out of Dogelon trades.

The meme coin has a market capitalisation of around $451 million (roughly Rs. 3,383 crore) and is currently trading at $0.0000008191 (roughly Rs. 0.00006).

SafeMoon Inu (SMI)

SafeMoon Inu is a smart ERC20 token with creators who’ve set a goal to fix some of the problems in other digital coins. SafeMoon aims to discourage day trading of its coin and to reward long-term holders by charging a 10 percent fee on each sale. Half of the fees collected are earmarked for existing coin owners, who receive a sort of dividend in the form of additional coins.

Accordingly, SafeMoon Inu is not a usual meme token, it has many unique features compared to other meme tokens. the SMI community is creating a blockchain-based play-to-earn gaming platform named SMI Play with in-game NFTs which provides additional rewards for SMI token holders.

As per CoinMarketCap, SMI has a market capitalisation of around $55 million (roughly Rs. 417 crore) and is currently trading at $0.00005574 (roughly Rs. 0.00418).

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain on Orbital, the Gadgets 360 podcast. Orbital is obtainable on Apple Podcasts, Google Podcasts, Spotify, Amazon Music and wherever you get your podcasts.

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