The craze in meme coins began earlier this year after SpaceX CEO Elon Musk started tweeting about an infamous DOGE coin. And now this meme coin that has no owner, no value, and created without any purpose as a pure joke coin has become the center of attraction among not only crypto enthusiasts but also among crypto experts and analysts.
It had come to a level that DOGE coin price surged more than 500% in the last 90 days rising from less than $0.2 to reaching an all-time high of $0.73 last week. It is currently among the top 5 cryptocurrencies as per market cap.
Crypto enthusiasts were looking forward to celebrating it to cross $1 milestone last week when Elon announced that he will be hosting the SNL show. But it went opposite and the party crashed when Elon struggled to explain what is DOGE coin and admitted that it is a hustle. DOGE coin prices fell below $0.4 wiping off nearly $8 billion from the market just after the SNL event.
This didn’t stop the craze and more and more similar meme coins have started popping out from nowhere. Some of them even made to the news and now making similar hype on social media.
One such coin is Shiba Inu (SHIB) that is making all the way to the broken hearts of DOGE army and topping crypto exchanges with a record surge in price. SHIB is up by 2210% in the last 7 days. Can you believe it?
People are also appraising its claim to be “DOGE killer”. and seems the entire social media and crypto world is obsessed with it. LunarCrush, a social meter for the crypto world also reported that SHIB is among the 10 most coins in social volume around the world.
DOGE inspired cryptocurrencies
In this article, I am going to tell you about other similar coins in the market that are inspired by the DOGE coin or just been shamelessly copied. I always warn my reader to do proper research before investing in any coin and especially into meme coins because it is completely driven by hype and social media speculations.
Akita Inu (AKITA)
Inspired by Elon Musk and Dogecoin, AKITA INU 秋田犬 (also called little brother of dogecoin) is a meme-based and 100% decentralized community experiment with it claims that 1/2 the tokens have been sent to Vitalik Buterin and the other half were locked to a Uniswap pool and the keys burned. It is the same as SHIBA INU but with different tokenmetrics.
The live Akita Inu price today is $0.000018 USD with a 24-hour trading volume of $597,925,862 USD. Akita Inu is up 181.84% in the last 24 hours at the time of writing this.
Dogelon Mars (ELON)
Dogelon is a fork of Dogecoin. It was named after the capital city of Mars: Dogelon (pronounced Dog-a-lon, not Doge Elon because that would be arrogant). The ticker is Dogelon (ELON), which should help prevent any confusion. Dogelon Mars is up 92.67% in the last 24 hours.
Half of the Dogelon (ELON) token supply was immediately burned to Vitalik Buterin, to ensure a fair distribution from the very start and the remaining half of the token supply was immediately added to the Uniswap ELON and ETH pair then locked forever. This ensures there is no way to remove any starting liquidity from the Uniswap pool, therefore, removing any possibility of initial liquidity drawdown by the devs.
DogeCash was launched in October 2018 and trades on StakeCube, says its focus is to provide charitable contributions. DogeCash has a circulating supply of 14.83 million coins, but users are unable to generate it through the process of mining. The altcoin is trading 9.4% higher over the past 24 hours at $0.1313 at the time of writing this.
Kishu Inu (KISHU)
This Doge Knockoff is launched last month and currently trading on CoinTiger and Uniswap. The altcoin is up 58% during the past 24 hours and trades at a negligible price. It has a maximum supply of 100 quadrillion coins.
UnderDog is Doge clone, which is trading on PancakeSwap, has a maximum supply of 1 billion coins. UnderDog is a community-based project with a special burn and reward mechanism, according to CoinMarketCap. The altcoin is up 5.9% during the past 24 hours and is trading at $0.00027 at the time of writing this.
renDOGE is a one-for-one representation of Dogecoin on Ethereum’s blockchain that trades on Uniswap and Linkswap. Ren, an open protocol that claims to enable the movement of value between blockchains, launched renDOGE in January. RENDOGE is currently traded 7.7% lower at $0.6608.
Doge Token (DOGET)
Doge Token describes itself as a “green” and efficient version of Dogecoin. Doge Token is currently traded at Stellarterm exchange. At the time of writing, DOGET traded 20.3% lower at $0.013.
DogeFi is a gamified community that creates opportunities for its members to participate in price arbitrage and grants access to exclusive yield farming projects. The altcoin, which trades on Uniswap and CoinTiger, is down 7.18% in the last 24 hours and is trading at $4.39 at the time of writing.
Dogecoin inspired DogeSwap is created to make decentralized finance (DeFi) more efficient and give high returns for “YielFarming.” The cryptocurrency, which trades on Uniswap, Finexbox, and VinDax, hit an all-time high of $931.96 on April 20. It is up 124% over the past 24 hours and is trading at $243.72 at the time of writing.
Doge Killer (LEASH)
Doge Killer LEASH is another token created by the creators of SHIBA INU (SHIB) with a limited supply of only 107,647 tokens. LEASH was originally created to be a rebase token pegged to the price of Dogecoin. Now, it has been unleashed and will not rebase.
With a total circulation of ONLY 100k tokens, it has the opposite appeal to SHIB (which has a much larger supply). The second token incentivized on the swap offers special rewards for those who provide liquidity. On the same day as SHIB’s 100% gains, LEASH picked up a 150% price boost. The token, which has a much steeper price tag than its sibling SHIB, is trading for more than $6,000.
Small Dogecoin (SDOG)
Small Dogecoin is a revolutionary experiment initiated by the decentralised community in an attempt to connect the centralised and decentralised worlds so that they are no longer isolated from each other. Through its token SDOG, the Small Dogecoin community hopes to achieve harmony between CEX and DEX. the Small Dogecoin community is at the heart of the project, and all decisions are made by the community.