The price of Dogecoin rose 9,330% last year and is currently the only meme coin inspired by the Shiba Inu mascot that investors can purchase on the Robinhood exchange. Therefore, according to analyst Wayne Duggan, if the issue is a success, Dogecoin can be nominated for the first place. Then these meme coin projects are racing to dethrone the king…
In second place is DOGE’s biggest competitor
Shiba Inu is one of the most popular clones of Bitcoin spinoff Dogecoin. The Shiba Inu achieves the greatest success in the field of secondary by-products. It is also one of the few tokens with unique functionality as the most popular native token on ShibaSwap, a decentralized exchange that provides financial services to the Shiba Inu community.
Shuba Inu now has a market capitalization of $11.1 billion after a massive spike so far in 2021, making it one of the 20 most valuable cryptocurrencies in the world. It also ranks second among the most successful meme coin projects according to the analyst.
Next up is the meme coin: Dogelon Mars (ELON)
As investors move beyond the two most successful Shiba Inu cryptocurrencies, there is a wide gap to reach the rest of the pack. Dogelon Mars is based on Blockchain using Ethereum’s ERC-20 token standard. According to the project’s website, it has lofty goals of becoming the only true “intergalactic currency” that can be “used by all peoples and civilizations.”
It may take several more years for this target to be achieved. But for now, Dogelon Mars has a market cap of $393.8 million, making it one of the most valuable dog-themed cryptocurrencies.
A complete Dogecoin clone: renDOGE (RENDOGE)
renDOGE is a one-to-one representation of Dogecoin, but operates on Ethereum (ETH) Blockchain. Ren is an open protocol for transferring cryptocurrencies between different Blockchains using different versions of each currency. The ultimate goal is to create a multi-chain, decentralized finance ecosystem.
renDOGE is up nearly 980% from its January 2021 lows, but it’s also down more than 65% from its May 2021 highs.
The last-ranked meme coin is an Elon Musk legend
Floki Inu is a cryptocurrency that was launched as an ERC-20 token on the Ethereum network shortly after Musk tweeted that the new Shiba Inu puppy would be named Floki in June 2021.
Floki has about 9.4 trillion cryptocurrencies in circulation, but it was created to be extremely hyper-deflationary. Every purchase or sale is subject to a massive 8% tax to fund marketing, reduce the number of tokens and encourage investors to hold. Half of the tax is used to fund marketing, while the other half is distributed to all wallets holding crypto, including the “burn wallet”, which removes the coins from circulation to reduce supply over time.
cryptocoin.com Floki Inu, which we quote as , is up 44% in the last month alone, and the coin has been the most trending exchange on CoinMarketCap lately.
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