Dogecoin’s surging popularity brought numerous copycats to the crypto scene. Today, we will look at six of them: SHIBA, SHIBAPUP, KISHU, HUSKY, DOGES, DOGET
The cryptocurrency market has become a wild show in recent months, perhaps led by Dogecoin’s emergence to the grand scene. The meme coin that started as a joke in 2013, whose founder sold its stack to buy an old Honda Civic back in the day, has been among the best performers eight years after its birth.
Publicly supported by some of the most popular and influential celebrities, such as Elon Musk, Snoop Dogg, Mark Cuban, and more, the DOGE token grabbed people’s attention and skyrocketed in price and fame.
With its ROI of a five-digit percentage in less than half a year, it was somewhat expected that others would try to follow. And this is what indeed transpired. The ever-creative crypto community has dug deep, and copycats started to pop up left and right.
While some of them have roots dating months ago, their popularity blossomed in the past few weeks – led by Dogecoin itself. Today, we will look at some of the DOGE clones on the market.
Shiba Inu (SHIB): The Dogecoin Killer
It wouldn’t be a proper article related to DOGE-wannabes without SHIBA INU. The self-proclaimed “decentralized meme token” describing itself as the “Dogecoin KILLER” is not an invention per se.
Its 22-page ‘Woofpaper’ (yes, the whitepaper is called that) promises that the meme coin is 100% decentralized, which is what the founder – Ryoshi – has vouched the project to be.
Although there’s no pre-set date yet, the project said it’s “dedicated to building the best Decentralized Ecosystem (DECO) on the planet.” Basically, it means the developers are working on a decentralized exchange, which, when (if) ever sees the light of day, will be called ShibaSwap.
The Woofpaper explained the DEX will highlight three “flagship tokens” coming from ShibaSwap – SHIB, LEASH, and BONE. This is what the paper says (it really says that):
“On ShibaSwap, your Shibs will DIG for BONES, or even BURY their tokens. The best trainers even teach their Shibas to SWAP, which allows the pup to exchange one token for another token.”
Despite being nowhere near launching an actual product, the SHIB token (built on Ethereum) has seen indescribable gains in the past weeks. The DOGE copycat is up by over 1,500% since last Tuesday and is currently the 18th largest digital asset with a market cap north of $12 billion.
Furthermore, the adoption widened earlier this week as the world’s leading crypto exchange, Binance, listed SHIB on its platform.
SHIB numbers as of writing these lines, according to CoinGecko:
Market Cap (as of writing these lines): $8 Billion
Circulating supply / total supply: 497,739,233,280,414 / 1,000,000,000,000,000
Leading exchange: Binance.
Husky Coin (HUSKY)
While SHIBA INU advertises itself as a Dogecoin-killer, Husky Coin proudly acknowledges the 2013 creation by saying it was “inspired by Elon Musk and Dogecoin.” Additionally, the project’s website reads that Husky is the “little brother of Dogecoin.”
It’s also a meme-based invention, which began as an “experiment” to be driven by a decentralized community. Meaning there are “no founders, no team tokens.”
The developers have locked 45% of the total supply to Uniswap and 5% team token and “threw away the keys.” The remaining 50% was “burned” to Vitalik Buterin – the co-founder of Ethereum.
Husky promises that “as long as Buterin doesn’t rug us,” it will continue growing, surviving, and developing.
Husky was launched in February this year and has already built a bridge with Binance Smart Chain. It also vowes to have a DEX, which should be released by the end of July 2021. The mainnet should arrive by December and will be based on ZEC.
Husky Coin has also enjoyed the past several weeks as its price reached a new all-time high on April 20th, according to CoinGecko.
HUSKY numbers as of writing these lines, according to CoinGecko:
Total supply: 39,159,500,000,000,000
Leading exchange: Uniswap.
ShibaPup (SHIBAPUP)Perhaps inspired by SHIBA INU, the little brother SHIBA PUP has arrived because “Elon [Musk] asked for it.” Or at least that’s what the website says, but we tend to believe it because there’s a mug with an “I LOVE ELON” sign on it.Moreover, the site has an entire section dedicated to Elon Musk tweets related to various crypto-dogs.Outside the one-sided relationship with Tesla’s CEO, ShibPup says its contract is verified by Bscscan, and the token is available for purchases on PancakeSwap.SHIBAPUP numbers as of writing these lines, according to CoinGecko:Price: $6.38Total supply: 1,000,000Leading exchange: PancakeSwap.
Kishu Inu (KISHU)Another Dogecoin knockoff comes as Kishu Inu – it’s “fully decentralized and owned by its fun, vibrant community.” The project promises instant rewards for users. Meaning, KISHU holders will receive 2% of every transaction in the network.As with most, KISHU is an ERC-20 token, and its total supply is 100 quadrillion. Somewhat expectedly, CoinGecko shows a massive uptick in the price movement in the past few days as the token is up by 150% since Sunday.This is even before Phase Three, which promises the launch of a decentralized exchange called KISHU Swap and listings on centralized trading venues like CoinTiger.KISHU numbers as of writing these lines, according to CoinGecko:Price: $0.00000001Total supply: 100,000,000,000,000,000Leading exchange: Uniswap
Doge Token (DOGET)No, this is not Dogecoin – it’s Doge Token. The project says it’s the more eco-friendly version of its more popular big brother (Dogecoin) as it runs on Stellar. Consequently, this leads to enhanced efficiency that “can not be overstated,” says the website.Doge Token claims it’s impossible to be the victim of a 51% attack, which makes it “invulnerable.” The simplified auditing process has also made it “more trust-worthy than Dogecoin.”DOGET numbers as of writing these lines, according to CoinMarketCap:Price: $0.003339Market Cap: $26 MillionTotal supply: 9,996,778,208Leading exchange: StellarTermDogeSwap (DOGES)This copycat actually comes with a working DEX carrying the same name. Its whitepaper says the protocol will add several services in the upcoming months. Namely, those are decentralized asset management, NFTs, and digital art, decentralized launchpad and exchange, and staking and farming mechanisms.The team is also working on a governance token, which will allow the community to vote and decide on DOGES (the current native coin) burns. Users can stake “any amount” of DOGES on the platform and earn rewards as a result.Despite being slightly down since yesterday, DOGES has increased by more than 300% since mid-April.DOGES numbers as of writing these lines, according to CoinMarketCap:Price: $79.5Market Cap: $1.6 MillionCirculating supply: 20,000Leading exchange: Uniswap