WEB3
by BSCN
February 1, 2023
Out of the 5 biggest memecoins -- Dogecoin, Shiba Inu, Baby Doge Coin, Floki and Dogelon Mars -- only one failed to beat Bitcoin and Ethereum in January.
The crypto sector is heading into potentially turbulent waters in February, but however it turns out, the month of January will remain a pleasant memory for investors -- particularly those who placed bets on major memecoins such as Floki, Baby Doge Coin and Shiba Inu.
Those three tokens outperformed both Bitcoin and Ethereum in January 2023. Meanwhile, the other two memecoins in the top five by Market Capitalization (MC) -- Dogecoin and Dogelon Mars -- also posted significant gains.
For reference, the price of $BTC rose by 40% from Jan. 1 to Feb. 1, while $ETH increased by 33%, according to CoinGecko.
Let’s see how the top five biggest memecoins compared:
Dogecoin purports to be the accidental crypto movement that makes people smile! Dogecoin features the Shiba Inu, a Japanese breed of dog, as its logo. It is an open-source, peer-to-peer cryptocurrency that utilizes blockchain technology. Dogecoin's underlying blockchain technology is derived from Litecoin. Notable features of Dogecoin included its employment of the Scrypt algorithm, its low price, and its unlimited supply. Dogecoin is very popular, ranking at the top of market capitalization, has enormous popularity, and maintains one of the strongest followings in crypto.
Website | Twitter | Reddit | Discord |
Shiba Inu is an Ethereum-based altcoin that has the Shiba Inu—a Japanese breed of hunting dog—as its mascot. The SHIB token aspires to be an Ethereum-based alternative to Dogecoin (DOGE). Unlike Bitcoin, which is designed to be scarce, SHIB was created to be intentionally abundant — with a total supply of one quadrillion. The Shiba Inu Token ecosystem supports projects such as an NFT art incubator and the development of a decentralized exchange called Shibaswap.
Website | Twitter | Telegram | Discord
Baby Doge Swap is the acclaimed “son” of the popular meme token, DOGE. Baby Doge Swap started out as Baby Doge Coin and is a hyper-deflationary system that progressively increases its scarcity and increases its liquidity. The project is now a fully Decentralized Exchange with swaps, liquidity pools, yield farming, and more. Baby Doge considers its primary utility as building a fun meme community to spread awareness of animal adoption.
Website | Twitter | Telegram | Reddit | Swap |
Floki Inu began with a tweet from Elon Musk. When the billionaire announced he would name his Shiba Inu puppy Floki, it created a deluge of ‘Floki’ dogcoins. The most successful of these is Floki Inu. Floki Inu is currently the third most popular meme token on the market, behind Dogecoin and Shiba Inu. It is backed by a community of committed enthusiasts and a strong marketing campaign.
Latest News
12h : 22m ago
Thailand Explores Bitcoin Pilot Project in Phuket to Boost Tourism
14h : 22m ago
FLOKI DAO Proposes Launch of Europe-Based ETP on SIX Swiss Exchange
December 25, 2024
Binance's 63rd Launchpool Project: What is Bio Protocol (BIO)?
December 25, 2024
Crypto Adoption in South Korea Reaches Over 30% of the Population: Report
December 24, 2024
Binance Labs’ New Investment: What is Usual?
December 24, 2024
Crypto.com Launches U.S. Institutional Cryptocurrency Custody Service
December 23, 2024
Shiba Inu Ecosystem and Turbo Memecoin Adopt Cross-Chain Token Standard with Chainlink CCIP
December 23, 2024
VanEck Predicts Strategic Bitcoin Reserve Could Offset $42T of U.S. Debt by 2049