Meme Coins 2.0: Does the rise of Shiba Inu, BEASTS Coin, and PEPE Coin Endanger Dogecoin’s Growth?

The cryptocurrency market, known for wild price swings, creates a challenging environment where even established players struggle to maintain their dominance. But amidst this volatile landscape, one coin has defied the odds and held its position at the top of the meme coin market for an impressive decade: Dogecoin. However, the emergence of new and innovative cryptocurrencies threatens to disrupt Dogecoin’s reign. The sudden surge in PEPE Coin’s popularity, the anticipation surrounding Shiba Inu’s Shibarium layer-2 blockchain, and the launch of the meme coin BEASTS Coin (BEASTS) with its enticing referral scheme have collectively diverted the attention away from Dogecoin. Can these new meme coins surpass the reigning top dog Dogecoin?

Shiba Inu – The Rise of Dogekiller

Inspired by the success of Dogecoin, Shiba Inu was launched in the crypto market in 2020, adopting the same dog-themed approach.  With a market capitalisation of over $5 billion, Shiba Inu’s native cryptocurrency, SHIB, holds the second position in the meme coin market, trailing closely behind Dogecoin. In addition to SHIB, the Shiba Inu eco-system offers two other tokens, namely BONE and LEASH. While BONE functions as a governance token, LEASH provides access to exclusive benefits and perks to its holders within the ecosystem.

The Shiba Inu ecosystem encompasses various platforms that add depth and sophistication to its offerings. These include a vibrant NFT marketplace featuring 10,000 unique Shiboshis collections, a staking platform called ‘Bury,’ a crypto exchange named Swap, and a governance platform known as Doggy DAO. These platforms position Shiba Inu as a more contemporary and robust ecosystem compared to Dogecoin.

Beyond its existing services, Shiba Inu has ambitious plans to launch a new layer-2 blockchain aimed at enhancing scalability and inviting innovation, security, and solutions within the decentralised finance space. Currently, Shiba Inu is testing the beta version of its revolutionary Shibarium platform, with the anticipated launch on the horizon. It is this constant exploration and evolution of the Shiba Inu ecosystem that poses a significant threat to the existence of Dogecoin.

Can PEPE Coin Outperform Dogecoin?

PEPE Coin has rapidly emerged as a sensation within the meme coin realm, garnering significant traction after it was listed on the esteemed Binance crypto exchange platform. Introduced to the market in mid-April without any presale, this frog-themed meme coin initially flew under the radar. However, its subsequent listing on Binance sparked an unexpected surge of attention that even seasoned crypto experts couldn’t have predicted. The token’s price exploded, propelling its market capitalisation to surpass that of Floki Inu, which had been occupying the third position at the time. At present, PEPE Coin boasts a formidable market capitalisation exceeding $680 million.

Over the past 14 days alone, PEPE Coin has witnessed a remarkable 86% surge in value, dwarfing Dogecoin’s modest 10% rise. Furthermore, in the last 30 days, PEPE Coin has demonstrated a robust 35% increase in value, while Dogecoin has suffered a notable 6.4% loss.  Although PEPE Coin lacks any apparent unique features, the hype surrounding its meteoric rise continues to confound crypto experts and poses a potential threat to Dogecoin’s sustained growth.

BEASTS Coin – A Perfect Alternative To Dogecoin

In a meme coin world dominated by top dogs like Dogecoin, Shiba Inu, and Floki Inu, BEASTS Coin emerges with its unique and captivating BEASTS theme. Fuelled by the BEASTS token, this promising cryptocurrency is now available for sale through its presale, which spans 10 stages, each encompassing 6 growth phases. As the presale progresses, the value of the BEASTS token is set to soar.

To bolster the presale, the project team has implemented a referral scheme that incentivises community members. Under this scheme, individuals can generate their own referral codes and invite others to participate. As a reward, referrers will receive a 20% commission based on the value of the investments made by the referred individuals. Additionally, those who use a referral code will also earn an extra 20% BEASTS tokens. With no limitations on the number of referrals, community members have the opportunity to invite as many people as possible and reap the rewards.

Adding to the excitement, the team has initiated a captivating contest where referrers have a shot at winning a grand prize of $50K worth of USDT. This highly incentivising reward scheme and lucrative competition have effectively shifted the spotlight from Dogecoin to the promising potential of BEASTS Coin.

In conclusion, new-age cryptocurrencies such as Shiba Inu, PEPE Coin, and BEASTS Coin are making significant strides by leveraging technological advancements and providing attractive rewards for investors. Unless Dogecoin takes proactive measures, it is inevitable that one of these coins will claim its position sooner rather than later.

BEASTS Coin:

Website: https://cagedbeasts.com

Twitter: https://twitter.com/CAGED_BEASTS

Telegram: https://t.me/CAGEDBEASTS

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WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

AVISO IMPORTANTE: La inversión en criptoactivos no está regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido