• Memecoins set to dominate the crypto market.
• Floki Inu and UnderDog are some examples of popular memecoins.

Newer crypto coins are taking the crypto industry by storm, even though the public is focused on cryptos like and. The coin was also started in 2013, as a joke, and has since gained a lot of fame. Dogecoin, also known as DOGE (or Dogecoin), has become the most popular meme coin.

With that said let’s take a look at what meme coins are and a few of the coins, investors should watch out for.

What are Meme Coins?

Firstly, let’s dive a little into what memetic coins are. Meme coins can be defined as cryptocurrencies that have gained popularity in a very short time. Memecoins have a common theme, and they are heavily dependent on their influence. Dogecoin rose in popularity because of Elon Musk’s popularization back in 2013. Dogecoin today is considered the first meme coin.

Dogecoin, which was originally intended to be mocked by crypto-crazy people ended up becoming one of the most popular meme coins. Meanwhile, the coin didn’t immediately gain prominence. It was in 2020 that the coin’s popularity soared after Elon Musk and other notable celebrities endorsed it.

Doge’s popularity drew more memecoins. There are many memecoins competing for investors’ attention. Shiba Iu is the most prominent cryptocurrency on the market. The crypto is simply called SHIB and was created after Dogecoin’s Japanese dog.

Once we know what memcoins actually are, let’s dive in to some Doge-inspired cryptocurrency memecoins that are currently dominating the market.

1. Shiba Inu (SHIB)

Nicknamed the ‘Doge Killer’, Shiba Inu is a coin that aspires to be an alternative to Dogecoin just like Ethereum is to Bitcoin. Launched under the Ethereum blockchain’s ERC-20, SHIB trades on the decentralized network. Shiba Inu has become the second most-popular memecoin, after dogs. Shiba Inu’s price doubled over the past week. According to CoinMarketCap, SHIB trades at $0.00002827 at $11,159.658,235. SHIB investors are optimistic that it will soon hit $1.

2. Kishu Inu

Kishu Inu, a dog-based mecoin created in April 2021 is the most popular. Kishu Inu is a next-generation project that aims to expose its owners to decentralized exchanges and NFT.

To the surprise of many, Shiba Inu rose nearly 250% within 24 hours of its initial launch to reach a market price of $0.00000001 just weeks later.

Kishu Inu has been slowly climbing towards the moon thanks to its media hype since the first day. Kishu inu gained 29.25% during the last 24 hours, and traded at $0.000000001819 as of press time. Kishu Inu also has a $15,632,109 trading volume.

3. UnderDog (DOG)

UnderDog, a community-powered project that offers a reward and special burn system, is powered by the blockchain. DOG token is built on blockchain technology. A 5% fee is charged to users for each transaction that they see on the UnderDog Chain. This will result in a 4% reward and 1% burn. DOG’s maximum supply is 1 billion coins. Its price is $0.00005036. PancakeSwap allows UnderDog to trade.

4. Floki inu (FLOKI).

Just like any other memecoin, Floki Inu was inspired by Elon Musk’s Shiba Inu puppy. Many believe that FLOKI is poised to replace Dogecoin, which struggled to maintain its status as the leader in memecoins.

The most exciting news is that the Floki Inu group has revealed it’s working to create a NFT and merchandise market called FlokiPlaces. Prospective investors will be able to purchase FLOKI through Uniswap or PancakeSwap. Similar to the FLOKI/USDT pairing on central exchanges such as Gate.io or LBank.

According to their official website, Floki Inu is partnered with Elon Musk’s brother Kimbal’s Million Gardens Movement. What’s more, Floki Inu is surely one memecoin to look out for as it continues to lay its mark in the crypto market. FLOKI currently trades at $0.00007741 and has a daily trading volume of $19,000,000,272 over the last 24 hour.

5. Husky Coin (HUSKY)

Husky Coin asserts that 50% of the tokens it has issued have been sent directly to Vitalik Buterin (co-founder of Ethereum), while the remaining half are locked in a Uniswap account. Husky Token, a distributed community project that’s similar to Shiba Inu with different tokenometrics, is called Husky Token. HUSKY has risen 24.03% to $61,017 in trading volume and a price of $0.00000001149.

6. Doge Token (DOGET)

Doge Token decentralized crypto has a maximum limit of 10B DOGET Dogecoin is Doge Token’s cleaner, greener version. Doge Token aims to provide fast and affordable transactions. Doge Token’s only flaw is the fact that you have to first buy Bitcoin and then trade it for DOGET. At the time of writing, DOGET’s price is $0.002755 with a market cap of $21,622,198.

7. Doge Killer (LEASH)

Doge Killer may be mistaken for Dogecoin, but LEASH continues to thrive in crypto. LEASH is the most popular memecoin among other dog packs, even though it’s not as widely known as Dogecoin or Shiba Inu.

Doge Killer is second in the Shiba Inu ecosystem. It has also seen a significant increase in usage compared with the SHIB token. To clarify, the Shiba Inu ecosystem consists of three major tokens — SHIB, LEASH, and BONE.

At first, LEASH was proposed to be a rebase token that was to be linked with Dogecoin’s price. The Doge Killer team allowed the LEASH token, which was originally intended to be a rebase token that would link with Dogecoin’s price, to remain an ERC-20. Doge Killer could be a possibility, given the release of Shiba Inu NFTs. Doge Killer is currently trading at $2,645.98 with a market capital of $282.416,657.

8. DogeFi (DOGEFI).

DogeFi, a gamified social network that allows its members to participate in price officiating, is called DogeFi. Current price of the DOGEFI is $0.690046, with $690.137 market capital. DOGEFI has no current trading volume, but it is circulating with 1,000,000 DOGEFI.

Memecoins are not a laughing matter compared to the time it began. Many are also warning investors against purchasing memecoins. However, they have retraced their steps and now advise the crypto community that it is important to take altcoins seriously.

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