Community Trust ScoreLikely Real
- Shiba INU ERC20 competitor to DOGE
- Yooshi Frog Meme Coin Keen about Metaverse
- Baby Doge, son of Dogecoin
- EDOGE BEP-20 Token with Greatest Mars Mission
A 76% Dogecoin’s Downward Slide is very obvious when looking into the 2-Month Stats of the meme coin. Previously, the DogeCoin had good 12 months rise when it rose to more than 5,578% versus the U.S. dollar.
The crazy uptrend of Dogecoin ignited a significant demand for crypto. This, in turn, ignited inspiration for the formation of several dog and cat-themed cryptocurrencies this year. In the process, several billions of dollars have been funneled into these meme-coin economies.
The charm and glory of the DogeCoin ignited by the high price did not last long; it I has shed most of its value. However, despite being down by 76% from its All-Time High, light-hearted holders love the coin for a reason. Notably, DOGE was trading below a U.S. penny for several years from 2014 through January 2021.
The co-creator of Dogecoin was overall in dismay looking at how DOGE has surged in value during the last year versus the U.S. dollar, gaining a whopping 5,578%. The creator’s dismay was probably related to the reasoning behind the unruly price hike without valid backing.
DOGECoin has an ERC20 competitor, Shiba Inu (SHIB), and also Baby Doge.
Baby Doge is also shedding value after a short-lived attention span following Elon Musk tweet: “Baby Doge, doo, doo, doo, doo, and doo, ”as a reference to the well-known kids’ song Baby Shark.” Following the tweet, Baby Doge’s price increased by 98% following the tweet. However, the price increase was unsustainable.
Previously it was stated, “Baby Doge seeks to impress his father by showing his new, improved transaction speeds & adorableness. He is Hyper-deflationary with an integrated smart staking system built-in, so more baby doge is being added to your wallet. Simply Love, pet, and watch your baby doge grow.”
Following the dog and cat coins, it is now Frog coins. There is a digital meme currency called Yooshi.
YOOSHI is not a dog coin; it is a decentralized Meme Token that Grows Into YooShi’s Metaverse.
YooShi Metaverse = NFTs + GameFi Launchpad + YooShi IP Creative + Charity. It has a growing 220k+ Community & more on the horizon. They are about NFTs and also giving to charity.
And from nowhere, there is a meme coin known as Elondoge token (EDOGE). It is the greatest Mars mission ever drafted in the world of cryptocurrency, launching first on the Binance Smart Chain as a BEP-20 token.
It is not easy to say what the meme-based token economy will do to the economy right from here, but it just looks like these coins fall victim to the overall market sentiment irrespective of what they are here for.
