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


Dogecoin (DOGE) and Shiba Inu (SHIB) are attacking each other to be the top dog this week. According to CoinMarketCap, the Shiba Inu’s valuation has risen 160 percent over the past seven days, while Dogecoin has risen to the challenge, rising 29 percent in the past 24 hours alone. Crypto market analysts have been documenting the rotation of capital from top crypto to dog-themed coins as the market heats up. The top three cryptocurrencies by market capitalization have declined in price as Dogecoin attracts the attention of retail traders.

Cause we’re not just naming Shiv And Doge Straight away, a flurry of other coins trading in the green have been in the midst of the dog-themed coin craze. Here’s a look at some other lesser-known Dogecoin Rivals Which have been seeing a lot of trading activity of late.

Samoyedcoin (SAMO)

Topping the profit charts on CoinMarketCap over the past week is a meme coin that most of us haven’t heard of – and unlike most DOGE-fakes, it doesn’t even have a Shiba Inu-themed name.

samoedcoin (SAMO) is a meme coin created by Solana and was inspired by a breed of dog called the Samoyed, a hybrid breed of dog. Samo is a cryptocurrency that aims to appeal to nonbelievers, such as the community of Solana already growing.

The value of the meme coin has risen by a three-digit percentage over the past few days and has declined by only 8.45 percent in the last 24 hours. Mem Coin has a market capitalization of around $442 million (approximately Rs 3,313 crore) and is currently trading at $0.14 (approximately Rs 11).

Floki Inu (Floki)

The Floki Inu Coin is an altcoin directly inspired by Elon Musk’s Shiba Inu-bred pet, nicknamed “Floki”. The crypto-assets website claims that the coin was created by fans and members of the Shiba Inu community. The website reads: “floki inu #DogeFather is inspired by Elon Musk’s own Shiba Inu.”

Digital Coin’s platform also claims to be the only cryptocurrency project executive to have partnered with “the Million Garden movement of #DogeFather’s brother Kimbal Musk.” The Floki Inu website said the coin represents a “movement” and will have three utility projects: an NFT gaming metaverse called Valhalla, an NFT and a merchandise marketplace called ‘Flokeyplace’, and a content/ Education platform called ‘Floki Inversity’.

Mem Coin has a market capitalization of approximately $1,980 million (approximately Rs 14,841 crore) and is currently trading at $0.0002155 (approximately Rs 0.011616).

Dogelon Mars (Elon)

Dogelon Mars is an Ethereum-based crypto that uses the ERC-20 token standard. The meme coin was born out of a joke and references Elon Musk, Dogecoin and Mars. on that official website, Dogelon Mars promises to be an “interplanetary currency” among other extreme conjectures – clearly living up to its billing of “meme coin”.

For now, though, there’s no reason to look even if it finds some buyers. dogelon as a viable cryptocurrency. But that is not stopping people from making a lot of money from Dogelon trades.

Mem Coin has a market capitalization of approximately $451 million (approximately Rs 3,383 crore) and is currently trading at $0.00000008191 (approximately Rs 0.00006).

Safemoon Inu (SMI)

safemoon inu There is a smart ERC20 token with the creators, who set the goal of fixing some of the problems with other digital coins. Safemoon aims to discourage day trading of its coin and 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 kind of dividend in the form of additional coins.

Accordingly, the Safemoon Inu is not a generic meme token, it has many unique features compared to other meme tokens. The SMI community is building a blockchain-based play-to-earn gaming platform called SMI Play with in-game NFTs that offers additional rewards for SMI token holders.

According to CoinMarketCap, SMI has a market capitalization of approximately $55 million (approximately Rs 417 crore) and is currently trading at $0.00005574 (approximately 0.00418).

Interested in cryptocurrency? We discuss all things crypto with WazirX CEO Nischal Shetty and WeekendInvesting founder Alok Jain of classGadgets 360 Podcast. orbital is available Apple Podcastshandjob google podcastshandjob Spotifyhandjob amazon music And wherever you get your podcasts.

Cryptocurrency is an unregulated digital currency, is not legal tender and is subject to market risks. The information provided in the article is not intended to be financial advice, trading advice or any other advice or a recommendation of any kind offered or endorsed by NDTV. NDTV shall not be liable for any loss arising out of any investment based on any alleged recommendation, forecast or any other information contained in the article.

Affiliate links may be generated automatically – see our moral statement For details.