Dogecoin and Shiba Inu’s Supremacy Battle Highlights Lesser-Known Dog-Coins

This week, Dogecoin (DOGE) and Shiba Inu (SHIB) are battling toe-to-toe for the title of top dog. While the value of Shiba Inu has increased by 160 percent in the last seven days, Dogecoin has grown by 29 percent in the last 24 hours alone, according to CoinMarketCap. As the market becomes hot, observers have noticed a shift of money from top cryptos to dog-themed currencies. As dog-coins attract the attention of regular traders, the price of the top three cryptocurrencies by market capitalization has dropped.

The fact that there is a slew of other coins trading in the green amid the dog-themed coin mania is why we aren’t only identifying SHIB and DOGE. Here are some of the lesser-known Dogecoin competitors that have recently seen a lot of trading activity.

Samoyedcoin (SAMO) is a meme coin that most of us haven’t heard of, and unlike other DOGE clones, it doesn’t have a Shiba Inu-themed moniker either.

Solana invented Samoyedcoin (SAMO), a meme coin inspired by the Samoyed dog breed, which is a hybrid breed of dog. SAMO is a cryptocurrency aimed at non-believers, the same as how Solana’s community is expanding.

The meme coin’s value has climbed by triple digits in recent days and is currently down by only 8.45 percent in the last 24 hours. The meme coin is presently selling at $0.14 and has a market capitalization of over $442 million (around Rs. 3,313 crores) (roughly Rs. 11).

Inu Floki (FLOKI)
Elon Musk’s Shiba Inu-breed puppy, “Floki,” is the inspiration for the Floki Inu coin. According to the crypto-assets website, the coin was established by Shiba Inu enthusiasts and members. “Floki Inu is inspired by #DogeFather Elon Musk’s very own Shiba Inu,” according to the website.

The platform for the digital coin also claims to be the only legitimate cryptocurrency project linked with “#DogeFather’s brother Kimbal Musk’s Million Garden’s Movement.”
The currency will feature three utility projects, according to the Floki Inu website: an NFT game metaverse called Valhalla, an NFT and item marketplace called ‘FlokiPlaces,’ and a content/education platform called ‘Floki Inuversity.’

The meme currency is now trading at $0.0002155, with a market capitalization of over $1,980 million (around Rs. 14,841 crores) (roughly Rs. 0.01616).

Dogelon Mars (ELON) is an Ethereum-based cryptocurrency that follows the ERC-20 token standard. Elon Musk, Dogecoin, and the planet Mars are all mentioned in the meme coin, which was created as a joke. Dogelon Mars’ official website pledges to become “interplanetary money” among other wild claims, obviously living true to its moniker as a “meme coin.”

Despite finding some customers, there isn’t much reason to think about Dogelon as a viable cryptocurrency right now. However, this hasn’t stopped some from profiting handsomely on Dogelon trades.

The meme coin is now trading at $0.0000008191, with a market capitalization of over $451 million (around Rs. 3,383 crores).

Inu SafeMoon (SMI)
SafeMoon Inu is a smart ERC20 token whose authors have set out to address some of the issues that have plagued previous digital money. By imposing a 10% charge on each sell, SafeMoon hopes to prevent day trading of its coin and reward long-term holders. Existing coin owners receive a type of dividend in the form of extra coins, with half of the fees earned going to them.

As a result, SafeMoon Inu is not your typical meme token; it has a number of distinguishing characteristics when compared to other meme tokens. SMI Play, a blockchain-based play-to-earn gaming platform with in-game NFTs that delivers additional benefits for SMI token holders, is being developed by the SMI community.

SMI has a market capitalization of over $55 million (around Rs. 417 crores) and is now trading at $0.00005574, according to CoinMarketCap (roughly Rs. 0.00418).

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