Some meme coin projects, such as Dogecoin (DOGE) and Shiba Inu (SHIB), have been bullish. So, what is behind these performances? cryptocoin.com We are giving the details as…
Why did these 4 meme coins rise?
While Dogecoin and Shiba Inu rose by 5 percent and 10 percent, the cryptocurrencies inspired by them also gained momentum. The Shiba Inu Empire (SHIBEMP) rose 62.77 percent. Shiba Inu Empire is a token launched on Binance Smart Chain (BSC). The project behind the token says it will open its own NFT market and buy a professional football club.
Second, Son of Shib (SON), which identifies itself as the son of the Shiba Inu and is stationed at BSC, gained 124.32%. Son of Shib says it plans to build an ecosystem that mainly uses the SON token and plans to enter the NFT space. Token announced the start of a Christmas contest on Twitter.
On the other hand, Defender of Doge (DOD) rose 27.77 percent. Defender of Doge says on its website that it aims to keep Dogecoin safe and will not let the Shiba Inu win. The project behind the token plans to launch its own NFT market. Finally, ShibaPup (SHIBAPUP) rose over 30 percent in the past day. It is experiencing a slight pullback at the time of writing. Calling itself Tesla CEO Elon Musk’s favorite puppy, ShibaPup is also a token that releases a play-to-earn-based video game on BSC. Coin retweeted a tweet announcing that it is among the top 10 earning on cryptocurrency exchange BitMart.
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