These are the Top 5 Dog Themed Cryptocurrencies by Market Cap

These are the Top 5 Dog Themed Cryptocurrencies by Market Cap

Estimated reading time: 6 minutes

Dog-themed cryptocurrencies have grown into a pack on the stage of developing digital assets, barking centered around community enthusiasm and rib-rattling potential. Digital assets with dog themes have become increasingly popular in cryptocurrency in recent years. These adorable tokens, inspired by the well-known Doge meme, have completely taken over the cryptocurrency market, captivating investors and fans. 

While Dogecoin now leads the pack as the innovator, other dog-themed coins have also made a strong showing, with great market capitalization and devoted communities. It’s evidence of the ability of charming, humorous memes to foster interpersonal relationships in the vibrant and always-changing crypto scene. 

Memecoin ListEfficient Features Aim
Dogecoin (DOGE)a well-known, broadly used meme cryptocurrencyPayment method, Community-driven support
Shiba Inu (SHIB)inspired by Dogecoin, a popular parody currency with a sizable communityBecoming a Dogecoin alternative community
Floki (FLOKI)Increasing utility focus and environment development in the districtNFT gaming metaverses, Product marketplaces
Bone ShibaSwap (BONE)ShibaSwap ecosystem governance tokenGovernance, Liquidity, Staking, Swapping
Baby Dogecoin (BABYDOGE)Dogecoin-inspired philanthropic focusCharity, Hyper-deflationary tokenomics

The top five dog-themed cryptocurrencies as of this writing are shown below by market value. The rankings of the tokens covered in the following piece are dynamic and are therefore susceptible to change due to the constantly shifting dynamics of the cryptocurrency market.

1. Dogecoin (DOGE)

As a cryptocurrency with a meme-inspired design and an illustration of a Shiba Inu reclining with its paws crossed, Dogecoin was introduced in 2013. It uses the Scrypt algorithm and has advantages like low costs and limitless supply. Dogecoin, which was first designed as a satire of the hoopla around cryptocurrencies, has transformed into a distinctive altcoin with a thriving community.

Dogecoin was established as a joke by computer programmers Billy Marcus and Jackson Palmer. They blended two hot subjects that were currently trending in their online community, such as the burgeoning virtual currency Bitcoin and a meme that featured a Shiba Inu with the incorrect spelling of “dog.” 

With a market valuation of $9.5 billion right now, DOGE is now placed eighth, compared to an all-time high (ATH) of $89 billion in May 2021. Even though Dogecoin has occasionally outpaced Bitcoin among other cryptocurrencies in terms of overall trading volume, its market capitalization currently trails well-known coins like BTC.

2. Shiba Inu (SHIB)

A popular meme coin and Dogecoin substitute is the Ethereum-based altcoin Shiba Inu. In 2020, Ryoshi, the creator of Shiba Inu, introduced SHIB as a native coin for ShibaSwap, a decentralized exchange (DEX). It sought to develop a digital currency that placed an emphasis on decentralized, organic community creation and was controlled by its users. 

The SHIBArmy, a group of SHIB supporters, follows the project’s fundamental tenets, including “starting from zero with zero” and “a professed love for Shiba Inu dogs.” Shiba Inu supporters employ dog-related terms from the ecosystem, such as “dig,” “bury,” and “fetch,” to describe various behaviours that may be done using Shiba Inu currencies.

SHIB has solidified itself as a significant player in the cryptocurrency industry, with a market valuation of $4.5 billion. Shiba Inu, which is ranked behind Dogecoin but has experienced large volatility, has risen to the 19th spot in the cryptocurrency rankings, demonstrating the opportunity for meme coins to increase in market value significantly.

3. Floki Inu (FLOKI)

To compete with the popularity of DOGE and SHIB, the popular meme coin Floki Inu (FLOKI) first appeared on the cryptocurrency market in 2021. An unidentified team hastily created the token after being motivated by Elon Musk’s tweet about acquiring a Shiba Inu puppy by the name of Floki. The project has gained notice for its growth strategy and partnerships and runs on both the Ethereum network and the BNB Smart Chain. 

Floki Inu employs several focused and somewhat forceful advertising methods to maintain momentum. FLOKI now has a $270 million market cap and is ranked 118th among all cryptocurrencies. Since its release, Floki Inu’s pricing has generated a lot of buzz. It rather soon achieved its highest point ever in November 2021. 

4. Bone ShibaSwap (BONE)

To give users voting rights and a say in how the platform develops in the future, the BONE token was introduced in 2021 as the governance coin for the ShibaSwap decentralized exchange. The stylised BONE token logo, which features a bone and paw print, emphasizes the canine theme of the Shiba Inu cryptocurrency project. As Bone ShibaSwap allowed users to provide input and vote on changes to the ShibaSwap protocol via the Shiba Inu Doggy decentralized independent organization (DAO), the cryptocurrency’s adoption soared. 

BONE now has a $230 million market worth and occupies number 130 in the cryptocurrency hierarchy. Its effect on the market and ability to achieve its peak in September 2021 was made possible by the Bone ShibaSwap token’s distinctive attributes, which include its governance capacities and function in the ShibaSwap DEX.

5. Baby Doge Coin (BabyDoge)

With the Shiba Inu dog as its mascot, Baby DogeCoin was created as a meme coin that aimed to be an “improved” variant of its parent, Dogecoin. This digital currency, which was introduced in 2021 by enthusiastic Dogecoin users, attempts to boost transaction speeds using hyper-deflationary tokenomics. Following Elon Musk’s tweet of his newborn kid as “Baby Doge,” the demand for Baby Doge Coin soared. 

With Musk’s support, trading activity and curiosity among investors significantly increased, promoting Baby Doge Coin’s market expansion and boosting its value. Baby Doge’s current market value of $215 million, which is significantly lower than its all-time high (ATH) reached in June 2021, reflects the reaction of the cryptocurrency market. 

As investors realize Baby Doge’s chances of market achievement and price appreciation, it’s ranking as the 224th most valuable cryptocurrency and its market cap demonstrates its prominence and influence within the cryptocurrency industry.

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About Victor Dsouza

Victor Dsouza is Crypto Journalist. He is keen to write about crypto tokens, crypto presale, you can follow him on twitter and LinkedIn.

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