A look at five top dog-themed memecoin projects across several blockchain networks: Dogecoin, Shiba Inu, Dogelon Mars, Baby Doge Coin and Samoyedcoin.
The Growing Memecoin Space
Like Bitcoin and Ethereum, memecoins are cryptocurrencies. As the name implies, they portray memes in the form of funny images, videos, and any other kind of exciting media.
While they may seem like a joke, their popularity in the space has increased rapidly. Some have even broken the “meme” tag by introducing core utilities to their ecosystems. These utilities include Non-Fungible Tokens (NFTs), Decentralized Exchanges (DEX), GameFi, etc.
This story will look at five top memecoins by market capitalization across all chains and explore some of their features in the Decentralized Finance (DeFi) space.
Dogecoin ($DOGE)
Dogecoin is a popular memecoin based on the dog meme. The token, $DOGE, gained popularity in early 2021 when Elon Musk began tweeting about it. $DOGE currently has a market cap of $9.2 billion according to CoinMarketCap. The circulating supply is over 132 billion.
- Since reaching its All-Time High (ATH) of $0.3388 in May 2021, the token has dropped significantly in price.
- $DOGE currently trades at $0.0692, representing a 79% decrease from its ATH.
- $DOGE is a BNB Chain token.
- Users can visit Dogepedia, a resource containing documentation about the project, through the website.
- Also, the “Much Wallet” portal discloses different crypto wallets and their features in the blockchain space.
- Generally, the Much Wallets portal delivers Dogecoin’s perspective on various wallet providers.
Shiba Inu ($SHIB)
Shiba Inu is another memecoin inspired by the dog theme. Nicknamed the “DOGECOIN KILLER,” the token also gained popularity from tweets by Musk and Ethereum Co-Founder Vitalik Buterin. Its success created numerous copycats, including SHIBA2K22, Shibalana, King Shiba, and SpookyShiba. $SHIB has a current market cap of $7.5 billion with a circulating supply of over 549 trillion tokens.
- $SHIB price stands at $0.00001389, which is 85% less than its October 2021 ATH of $0.00008845.
- $SHIB is built on the Ethereum blockchain.
- Shiba Inu is one of the few memecoins with a comprehensive ecosystem. The project has a native DEX, ShibaSwap, which is audited by Certik.
- The project also has two other tokens, $LEASH and $BONE. $LEASH rewards users for providing liquidity, while $BONE allows users to vote on upcoming proposals.
- Shiba Inu already has its native metaverse, Shib: The Metaverse.
- Its GameFi product, Shiba Eternity, is in the works. According to its Twitter account, the game will be available on Android and IOS soon.
- The memecoin also has two native NFT collections, The Shiboshis and Shib Yard.
Dogelon Mars ($ELON)
As you can tell by its name, Dogelon Mars combines the dog theme and Elon Musk. The current market cap is $171 million with a circulating supply of over 548 trillion $ELON.
- Following its ATH in October 2021 of $0.000002279, $ELON has dropped in price by 86% and is currently trading at $0.0000003113.
- $ELON is an ERC-20 token on Ethereum and Polygon.
- Unlike the other memecoins on this list, Dogelon Mars has no utility aside from buying and holding.
Baby Doge Coin ($BabyDoge)
Baby Doge Coin was launched in 2021 with an ambitious roadmap comprising NFTs, GameFi, Pet Charity, and more. The token has a market cap of $166 million and its circulating supply is 115 quadrillion $BabyDoge.
- The token has dropped by 77% from its ATH in January 2022 and is trading at $1.43e-9.
- The memecoin is available on both Ethereum and BNB chains.
- Its native NFT collection, Baby Doge NFTs, was embraced by the community moments after launch. The NFTs also offer users PlayToEarn utility through its collaboration with Decentraland.
- Unlike other memecoins, $BabyDoge token can also be purchased with a credit card.
- Baby Doge Coin is also set to unleash its native DEX (Baby Doge Swap) on BNB Chain.
- The DEX comprises both swapping and earning features.
- Although the DEX is still in its testnet version, it is already drawing comparisons with the leading DEX on BNB Chain, PancakeSwap.
Samoyedcoin ($SAMO)
Samoyedcoin was launched in 2021 amidst the rise of the dog-theme memecoin trend. $SAMO has a current market cap of $43 million and a circulating supply of more than 3 billion.
- $SAMO is currently trading at $0.01168, down by 95% from its ATH in October 2021.
- The token is built on the Solana blockchain and is the leading memecoin project on the network.
- Its native collection, SAMO NFT, is available on numerous marketplaces, including Magic Eden and OpenSea.
- $SAMO can also be used for farming and staking on Solana-based DeFi platforms.
- Users can also buy Samo’s merch from the Bonfire store.
BSC News recommends you do proper research before investing in any of the preceding projects.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Bitcoin's halving has sparked excitement across the crypto world, with some experts hinting at a major bull run that could see values soar to staggering heights. This potential surge highlights the broader market optimism, turning the spotlight on low-key altcoins. These under-the-radar digital currencies offer a tantalizing promise for high potential gains, drawing attention from investors looking for the next big breakout in the crypto landscape.
BlastUP Goes Viral, Raising $3 Million in Just One Month
BlastUP, the premier launchpad on Blast, has recently made waves in the crypto world with its stunning debut, raising $3 million in just one month. Many smart investors are rushing to buy BlastUP tokens before their value skyrockets.
Holders of BlastUP tokens may benefit from a number of privileges including participation in an Airdrop, exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.
BlastUP stands out from the crowd in the crypto world. Backed by Blast, the sixth largest blockchain by TVL, it offers genuine utility as a launchpad for DApp ventures. With its motto Grow faster, earn more, BlastUP is dedicated to propelling the success of blockchain startups. Those who join BlastUP now become part of a project poised to become the next big thing in this bull run.
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Jupiter's Impressive Growth: Risks and Potential
The recent performance of Jupiter has been impressive, with a monthly increase of over 150% and an even more substantial six-month rise. This trajectory suggests a robust positive trend, which could continue to push the price up, targeting the next resistance at $0.81. The current price of $1.25, slightly below the 10-day SMA of $1.27, implies a healthy momentum, possibly igniting investor interest for further gains. Despite this, any unexpected shifts in market dynamics could see the price test nearer support levels at $0.68 or even $0.42, underlining the importance of vigilance among investors.
In looking at long-term prospects, this meteoric rise of over 4000% in the past half-year positions Jupiter as a noteworthy contender in the market. This kind of movement garners attention, potentially attracting new investors and increasing buy pressure. Nevertheless, market history tells us that assets with such rapid ascents can be susceptible to corrections. Jupiter's support levels at $0.42 and $0.30 could come into play if the tide turns.
Mantle's Price Doubles, Eyes on Upward Trend
Mantle's recent surge to $1.28 from $0.63 in just one month shows a strong upward trend, with the price more than doubling. If Mantle maintains this growth, it could soon break past the second resistance level of $1.27. Long-term, the six-month increase of 223.57% suggests solid momentum. Holding above the simple moving averages of $0.88 and $0.75, respectively, supports a continued rise. However, such rapid increases can invite corrections, potentially testing support levels if traders decide to lock in gains.
On the flip side, if we consider the significant short-term climb, there's a risk of pullback towards the nearest support at $0.63 or even the second support at $0.37. These levels might act as safety nets for the price. In the long run, if the upward trajectory stalls, the price might oscillate around the current simple moving averages. Mantle's ability to sustain above these averages in the face of potential market headwinds will be critical for ongoing growth.
Ondo's Market Surge: Growth & Volatility Risks
Ondo's seen impressive growth, with a one-month jump of over 105% and six-month rocketing close to 2780%. If it keeps catching eyes, the current $0.87 might push past the near resistance at $0.55 and challenge the second at $0.66. This hype could spill over, making short-term gains likely, with the 10-day average at $0.73 hinting at solid interest.
Looking long term, if Ondo holds strong above its support levels at $0.26 and $0.08, we could see steady growth. Such support suggests a faithful base, which helps during downturns. Still, with any asset that's seen a 2779.90% half-year surge, there's a risk of a pullback as early investors take profits.
FLOKI's 1304% Surge: Can It Reach New Highs?
Looking at the impressive growth over the past month of 512.87%, FLOKI's positive momentum could continue. Investors have seen a staggering six-month surge of 1304.41%, pushing past previous expectations. Based on these trends, there's potential for FLOKI to climb towards its all-time high of $0.000313. If buyer enthusiasm persists, the current price could be seen as a stepping stone for further gains.
However, it's crucial to remember that past performance isn't always indicative of future results. The asset has yet to return to its peak, and digital currencies are highly volatile. While historical data provides optimism, it's essential to prepare for fluctuations.
Conclusion
It becomes evident that while the likes of Jupiter, Mantle, Ondo, and FLOKI have piqued investor interest, BlastUP emerges as the most tantalizing of them all. Thriving within the robust Blast ecosystem, BlastUP's concept appears to be a compelling beacon for those seeking substantial returns, potentially outshining its contemporaries. As the crypto community anticipates where the next big rush will materialize, BlastUP's profound potential remains a standout in the current tide of market exploration.
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Disclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $400. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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